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Showing posts from May 11, 2016

NOWHERE TO GO : CRUDE OIL BACKING UP IN THE SUPPLY CHAIN

(by Tyler Durdan, ZERO HEDGE) -- Having exposed the world yesterday to the 2-mile long line of tankers-full'o'crude heading from Iraq to the US, several weeks after reporting thatChina has run out of oil storage space we can now confirm that the global crude "in transit" glut is becoming gargantuan and is starting to have adverse consequences on the price of oil.
While the crude oil tanker backlog in Houston reaches an almost unprecedented 39 (with combined capacity of 28.4 million barrels), as The FT reports that from China to the Gulf of Mexico, the growing flotilla of stationary supertankers is evidence that the oil price crash may still have further to run, as more than 100m barrels of crude oil and heavy fuels are being held on ships at sea (as the year-long supply glut fills up available storage on land). The storage problems are so severe in fact, that traders asking ships to go slow, and that is where we see something very strange occurring off the coast near…

MALAYSIA 2016 : Cheaper mangoes passed off as iconic Harumanis

Thursday, 12 May 2016




BY ROYCE TAN









Making their purchase: Visitors choosing from the iconic mangoes displayed for sale at a stall in Perlis.























PETALING JAYA: The heatwave since early this year has taken a toll on the fruiting of Perlis’ iconic Harumanis mango, causing a drop of almost 40%.





While this has not only caused a hike in the prices and a lower supply of Harumanis, certain traders and sellers have exploited the situation to pass off cheaper mangoes as Harumanis, making at least thrice what they are worth.





Malaysian Agricultural Research and Development (Mardi) Arau station manager Othman Ismail said the so-called Harumanis flooding the market were actually tong dam, sala and arumanis mangoes, most of which were from Thailand.





“The skin and the size is about the same but it’s not Harumanis.



“Harumanis at its maximum size is around 600g per fruit but for other mangoes such as sala, each fruit can go up to between 750g and 1kg.




He also said that the real Harumanis has a slight curve at t…

APM Terminals to Provide Container Weighing Services at 29 Locations

By: AJOT | May 11 2016 at 09:33 AM | Ports & Terminals












VGM Generation services will be offered to enable supply chain partners to comply with new IMO SOLAS regulations









The Hague, Netherlands - With just 50 days until SOLAS Verified Gross Mass (VGM) comes into force APM Terminals is taking the lead to ensure a smooth transition into the new regulatory environment facing over 120 million containers entering the international supply chain. Under international law from 1st July, 2016 shippers are required to provide a VGM for every container before it can be loaded with the shipping line.





In 2014, the International Maritime organization (IMO), the agency of the United Nations responsible for regulating international seaborne trade, approved amendments to the Safety of Life at Sea Convention (SOLAS) which as of 1st July 2016 will require verification and documentation of loaded containers (Verified Gross Mass, or “VGM”) before they can be loaded onto vessels. This can be accomplished by e…

ESCAPE PLAN ???: COUNTRIES WITHOUT AN EXTRADITION TREATY WITH USA

Suppose you were NSA whistle-blower Edward Snowden, or fictional international spy Jason Bourne, and the most powerful intelligence agencies on the planet were hunting you.







Where would you go?







This is a farfetched scenario for most of us. That’s why it’s only a thought experiment.






On the other hand, for folks like the founder of Liberty Dollar (a gold/silver-backed private currency), whom the U.S. government has labeled a “domestic terrorist,” it might not be implausible.









Regardless of how likely the scenario, if you do need to escape, a crucial factor in deciding where to go is whether or not the country has an extradition treaty with the U.S.








An extradition treaty is the legal mechanism countries use to pull alleged criminals out of other countries. The terms and conditions vary. Some countries, like France and Brazil, won’t extradite their own citizens, no matter the circumstance.











Generally speaking, for an extradition to succeed, the alleged criminal act can’t be political in nature and…