Australia

World’s first installation of tidal turbines at port to take place

MAKO Tidal Turbines is about to install its MAKO.7 tidal turbine at the Gladstone Port Corporation’s (GPC’s) Barney Point Terminal in Queensland, Australia. This will be the world’s first installation of tidal turbines at a working port.

The installation will take place at the Gladstone Port Corporation’s (GPC’s) Barney Point Terminal in Queensland, Australia and the tidal turbine will be attached to an existing structure adjacent to GPC’s wharves. The facilities and tidal flows at Barney Point...

https://safety4sea.com/worlds-first-installation-of-tidal-turbines-at-port-to-take-place/

New partnership eyes creation of an Australian hydrogen industry

Australia’s national science agency, CSIRO, announced plans to partner with Perth-based iron ore producer Fortescue Metals Group (Fortescue) on hydrogen technologies, aiming to support the development of a sustainable energy future, create new jobs and pave the way for low emissions export opportunities.

Namely, the partnership between CSIRO and Fortescue pursues the identification, development and commercialisation of technologies in order to support the construction of an Australian hydrogen...

https://safety4sea.com/new-partnership-eyes-creation-of-an-australian-hydrogen-industry/

Malaysia, Australia at odds on free trade

Malaysian Prime Minister Mahathir Mohamad said nations needed to re-evaluate globalisation and economic integration because it was leaving some people behind and fuelling inequality.

Speaking at the Asia-Pacific Economic Cooperation (Apec) summit in Papua New Guinea on Saturday (Nov 17), Dr Mahathir called for a more level playing field on trade between rich nations and the developing world.

“The benefits of free and fair trade and economic integration have been ruptured, exemplified by Brexit...

http://container-news.com/malaysia-australia-odds-free-trade/

INPEX to open Ichthys LNG onshore facilities

INPEX informed that it opened the onshore LNG processing facilities of Ichthys LNG. This project aims to meet increasing LNG demand in Japan and will contribute to the Australian way of life.

About 70% of the LNG produced by Ichthys LNG will be supplied to Japanese customers. Ichthys LNG also aspires to help meet growing energy demand in the region, while contributing to the Australian way of life.

Moreover, Japanese, Australian and Northern Territory government representatives revealed a plaque...

https://safety4sea.com/inpex-to-open-ichthys-lng-onshore-facilities/

Mincetur: Perú avanza en negociaciones para la eliminación de los subsidios a la pesca y agricultura

Ministro Rogers Valencia informó que también se está avanzando con el TLC entre Perú y Australia, así como fortalecer los acuerdos comerciales con Corea a fin de permitir el ingreso de productos agrícolas peruanos. El ministro de Comercio Exterior y […]

http://logistica360.pe/2018/11/19/mincetur-peru-avanza-en-negociaciones-para-la-eliminacion-de-los-subsidios-la-pesca-y-agricultura/

Australia set to become world’s biggest exporter of LNG

Australia is on its way to become the world’s biggest exporter of LNG, according to the energy economics group EnergyQuest, informing in its latest monthly report that total Australian LNG shipments were significantly higher in October at 6.4 million tonnes (Mt) –up 10.3% on 5.8 Mt in September.

The increased export shipments were boosted in part by the start of production from the INPEX-operated Ichthys LNG project, which saw its first LNG cargo depart Darwin on 22 October, followed by two...

https://safety4sea.com/australia-set-to-become-worlds-biggest-exporter-of-lng/

Quad countries will focus on maritime security

On the 13th East Asia Summit at Singapore in mid-November, the Quad countries, namely India, US, Japan and Australia, are expected to revitalise the conversation concerning the maritime security and disaster relief initiatives as well as development projects in the Indo-Pacific region.

Regional coalition known as the ‘Quad’, the quadrilateral formation includes Japan, India, United States and Australia. All four nations have common grounds regarding free maritime trade and security. The idea was...

https://safety4sea.com/quad-countries-will-focus-on-maritime-security/

Australian Government unveils PRRT changes

The Australian Commonwealth Changes announced changes to the petroleum resource rent tax (PRRT), in order to collect increased taxes from oil and gas operators.

The changes are in response to PRRT review undertaken by economist Mike Callaghan AM PSM, which was released in April last year.

The petroleum resource rent tax (PRRT) is a tax generally on profits generated from the sale of marketable petroleum commodities (MPCs).

MPCs include:

  • stabilised crude oil
  • sales gas
  • condensate
  • liquefied petroleum...

https://safety4sea.com/australian-government-unveils-prrt-changes/

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