Saudi Arabia to Raise Military Spending
Saudi Arabia, at war in Yemen and competing for regional influence with arch-rival Iran, projects a 6.7 percent rise in defence spending in 2017 to 191 billion riyals ($50.8 billion), according to official budget figures released on Thursday. The kingdom, one of the world's biggest military spenders, forecasts a decline in Security and Regional Administration, a separate spending category that is military-related, to 96.7 billion riyals from 102.3 billion. Military spending was originally projected at 179 billion riyals in 2016 but actual military spending has been around 205.1 billion. Security and Regional Administration spending will be 100.6 billion in 2016, according to the budget's preliminary estimates.
Scanjet Secures 30-ship Tank Management Order
Scanjet Group has followed up its Tank Management order from Stolt-Nielsen with a series of contracts for its ITAMA Intelligent Tank Management concept including Tankcleaning, Tank monitoring, P/V valves and the Scanjet VRC (valve related control) system. New orders have been placed through New Times Shipyard in China to deliver the SCANJET “Surveyor” Tank Management System including valves and the VRC to eight 58.000 DWT bulk carriers, under construction for Cyprus-based owner Lemissoler. Meanwhile, Chinese shipyards Nantong Mingde and New Times in China have selected the complete ITAMA (Intelligent Tank Management) package of tank monitoring…
Scanjet Bags Multiple Tank Management Orders
SCANJET Group has followed up its breakthrough Tank Management order from Stolt-Nielsen with a series of contracts for its ITAMA Intelligent Tank Management concept including Tankcleaning, Tank monitoring, P/V valves and the Scanjet VRC(valve related control) system. New orders have been placed through New Times Shipyard in China to deliver the SCANJET “Surveyor” Tank Management System including valves and the VRC to eight 58.000 DWT bulk carriers, under construction for Cyprus-based owner Lemissoler. Meanwhile, Chinese shipyards Nantong Mingde and New Times in China have selected the complete ITAMA (Intelligent Tank Management) package of Tank Monitoring…
Safer Navigation with International Standards for Electronic Systems
Carrying an estimated 90% of world trade and billions of passengers every year, international shipping represents the life blood of the global economy. Safety, always a major concern for seafarers, has made huge advances in the last century. However, the massive increase in traffic in recent decades requires, among other things, new or better global communication and navigation solutions resting on internationally-agreed standards to maintain and improve safety levels. Shipping was among the very first industries to adopt widely implemented international safety standards.
