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Vinhomes offers a fertile ground for international real estate investors seeking opportunities in Vietnam. HANOI, VIETNAM – Media OutReach Newswire – 11 September 2024 – The real estate market in Vietnam, despite facing numerous challenges in recent years, is showing signs of robust recovery. This resurgence has made the market increasingly attractive to both local and international investors. Amidst this revival, Vinhomes has emerged as a key […]

HONG KONG SAR – Media OutReach Newswire – 11 September 2024 – The Hong Kong Jockey Club wrapped up its fourth and largest Philanthropy for Better Cities (PBC) Forum at West Kowloon Cultural District today (10 September). Nearly 100 eminent speakers and more than 2,000 delegates from 40 countries and regions joined the two-day event, including representatives of over 200 local, regional and global foundations. The PBC […]

Huawei has unveiled its latest innovation, the Mate XT, a tri-fold smartphone priced at $2,800, set to launch on September 20, the same day as Apple’s new iPhone 16 series. This announcement places Huawei in direct competition with Apple in its largest market, China, where Apple faces increasing challenges. The Mate XT introduces several cutting-edge features, including a 10.2-inch screen that expands into a tri-fold design and […]

By Subrata Majumder Narendra Modi Government is going hot with China on diplomacy through remarks by the external affairs minister Dr. S Jaishankar, but at the same time, the finance minister Nirmala Sitharaman is soft on the issue of allowing Chinese investment in India. The economic survey of 2023-24 presented before this year’s budget underlines […]

China has intensified its efforts to transform its education system as part of a broader national strategy aimed at becoming a global leader in academia by 2035. The latest drive aligns with the nation’s ambition to enhance innovation capacity, cultivate top-tier talent, and modernize its educational infrastructure. President Xi Jinping, speaking at a national education meeting in Beijing, reiterated the importance of strengthening the country’s educational framework as a fundamental aspect of China’s modernization and development strategy.

Since the 18th Congress of the Communist Party of China (CPC), substantial reforms have been implemented to accelerate the modernization of education. These reforms include investments in digitalization initiatives, improving access to quality education, and promoting international cooperation in academic research. The overarching goal is to narrow the disparities between rural and urban areas, and between different social groups, ensuring that education becomes more inclusive and accessible across the country.

The government has focused on fostering virtue and innovation within the education system. President Xi emphasized that a balanced and high-quality compulsory education system is critical for China’s socio-economic development. This includes enhancing cooperation between universities and enterprises, promoting interdisciplinary research, and building a high-caliber teaching workforce. Measures to improve teachers’ welfare and career development have also been prioritized, reflecting the government’s intention to make teaching one of the most respected professions in China.

A key part of this strategy involves expanding China’s international academic exchanges and strengthening partnerships in global scientific research. China seeks to position itself as a leader not only in the quantity of educational opportunities but also in the quality of research and innovation, aiming to cultivate a generation of globally competitive scholars and professionals.

These reforms come at a critical juncture, as China faces challenges such as an aging population and slowing economic growth. A modernized, robust education system is seen as essential to maintaining China’s competitive edge on the global stage, particularly in emerging fields such as artificial intelligence, biotechnology, and green technology.

Drydocks World has secured a groundbreaking agreement with China’s Shanghai Zhenhua Heavy Industries Co. Ltd. (ZPMC) to acquire a state-of-the-art 5,000-ton floating sheerleg crane. The acquisition is set to significantly enhance the company’s capabilities in handling large-scale offshore projects, marking a pivotal milestone for the maritime and offshore energy sectors in the Middle East.

The contract was signed at a ceremony in Dubai, attended by prominent figures from the industry, including Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, the parent company of Drydocks World. The new crane is expected to play a vital role in projects that require heavy-lifting capabilities, particularly in the growing market for offshore platforms and vessels.

The sheerleg crane, with a lifting capacity of 5,000 tons and a maximum lifting height of 120 meters, represents a new generation of heavy-lift technology. With its 160-meter-long A-frame and a 600-ton fly jib capable of extending the reach to 180 meters, the crane will enable Drydocks World to handle increasingly complex offshore projects. The versatility of this crane is anticipated to benefit both nearshore and offshore operations, with a particular focus on the construction and installation of offshore platforms, bridges, and marine developments.

This acquisition underlines Drydocks World’s strategic investment in cutting-edge infrastructure, reinforcing its commitment to remain a leader in the global maritime industry. According to Captain Rado Antolovic, CEO of Drydocks World, the crane will not only support the company’s current projects but will also pave the way for more extensive and intricate ventures. Antolovic emphasized that the crane’s ability to handle heavier modules and expedite project timelines would further solidify Drydocks World’s standing as a leading player in the maritime and offshore energy sectors.

ZPMC’s Chairman, You Ruikai, also hailed the partnership, citing the strong ties between ZPMC and DP World as a foundation for future collaborations. Ruikai noted that the sheerleg crane’s advanced safety features and high-capacity ballast systems make it one of the most efficient and environmentally sustainable cranes in the industry. The crane’s integrated control system and automatic ballasting capabilities highlight the emphasis on safety and operational efficiency.

Construction of the crane is expected to take approximately 24 months, with completion scheduled for the second quarter of 2026. Once operational, the crane will serve as a critical asset in Drydocks World’s efforts to meet the increasing demand for offshore infrastructure, such as high-voltage offshore converter platforms and Floating Production Storage and Offloading (FPSO) vessel topsides.

As the offshore industry continues to evolve, the need for advanced lifting solutions has become paramount. Drydocks World has already demonstrated its expertise in executing major offshore projects, including the conversion of vessels such as the Tango FLNG and Excalibur FSU, and the refurbishment of the Firenze FPSO. This latest acquisition will further enhance the company’s portfolio and its ability to undertake large-scale offshore projects.

Sultan Ahmed bin Sulayem commented that this investment is a testament to Drydocks World’s commitment to maintaining its leadership position in the maritime industry. He highlighted that the new crane would boost the company’s operational capacity, allowing it to support projects that contribute to regional economic growth. The crane is also expected to reduce the need for additional support vessels, as it can accommodate up to 50 personnel offshore, thus enhancing efficiency.

With global demand for offshore wind platforms, FPSO vessels, and similar projects on the rise, Drydocks World’s investment in this high-capacity crane positions the company to meet future challenges and opportunities. The acquisition not only strengthens its foothold in the Middle East but also bolsters its standing on the international stage, where the competition for offshore energy projects is intensifying.

New menu concept highlighting iconic dishes of Chef Ducasse MACAU SAR – Media OutReach Newswire – 10 September 2024 – The acclaimed Melco Style Presents: The Black Pearl Diamond Restaurants Gastronomic Series, which was launched in June 2023, will be rolling out its last chapter of themed banquets which will bring to Macau the 10th cross-regional four-hands collaboration and feature City of Dreams’ Black Pearl one diamond […]

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SHANGHAI, CHINA – Media OutReach Newswire – 10 September 2024 – Langham Hotels Group, with a history of over 150 years, and Asia’s leading MICE technology platform, HXE, announced in Shanghai, China that they will collaborate to develop new generation of global MICE venue online booking services. This is also the first global MICE venue booking cooperation between HXE and hotel industry. HXE collaborates with Langham to […]

BEIJING, CHINA – Media OutReach Newswire – 10 September 2024 – The curtains have risen once more on the China-Africa Cooperation Forum Summit, held in Beijing from the 4th to the 6th of September, 2024, is a catalyst for Africa’s economic transformation. With “Deepening Cooperation, Building the Future Together” as its theme, the summit aims to enhance exchanges and cooperation between China and Africa in various domains. […]

Rumble, a video-sharing platform known for its lenient stance on content moderation, has been barred from operating in Brazil. The ban marks a significant escalation in global regulatory actions against the platform, which is also restricted in France, Russia, and China. The decision by Brazilian authorities follows a wave of legal and political challenges faced by Rumble across various jurisdictions. In Brazil, the ban was announced after […]

Arabian Post Staff -Dubai Oil prices are expected to hover between $60 and $70 per barrel as major global commodity traders Gunvor and Trafigura project a continued pressure on the market. This forecast, announced during a conference, reflects persistent concerns over sluggish demand from China and an ongoing global oversupply. Despite previous expectations that summer would bolster oil prices, the market has faced significant challenges. Oil prices […]

China is poised to extend its national carbon market by compelling major polluting sectors such as steel, aluminum, and cement to participate in emissions trading by 2025. The move is part of Beijing’s broader efforts to meet its ambitious climate goals, including peaking carbon emissions by 2030 and achieving carbon neutrality by 2060. The carbon market, initially launched in 2021 with a focus on the power sector, […]

HONG KONG SAR – Media OutReach Newswire – 10 September 2024 – YUP, the credit payment platform established by Singaporean startup Finture, has successfully raised US$30 million in its Series B funding round. The round was led by Hong Kong-based venture capital firm MindWorks Capital, with participation from XVC, SWC Global, Richen Pioneer, and Antao Capital. The funds will support market expansion in Southeast Asia and preparation […]

Exploring how AI technologies and customer-centric solutions can elevate engagement, accelerate growth, and drive tangible ROE in banking. HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 9 September 2024 – Backbase, the global leader in Engagement Banking, will be bringing ENGAGE Asia to Ho Chi Minh City this year. On September 11 and 12, this bustling city will transform into the epicenter of digital banking […]

HONG KONG SAR – Media OutReach Newswire – 9 September 2024 – The Hong Kong Jockey Club Charities Trust convened its fourth Philanthropy for Better Cities (PBC) Forum 2024 at West Kowloon Cultural District today (9 September). It ushered in Hong Kong Philanthropy Week, in keeping with the HKSAR Government’s mission to promote the city as an international philanthropy hub. HKSAR Government Chief Secretary for Administration Chan […]

Group Positions ‘Shama Serviced Apartments’ as Flagship to Address Long-Term Accommodation Market Demand BANGKOK, THAILAND – Media OutReach Newswire – 9 September 2024 – ONYX Hospitality Group, a leading management company renowned for its portfolio of luxury hotels, resorts, serviced apartments, and residences across Southeast Asia, has proudly announced its success in solidifying its position as the regional market leader. Shama Hub Qiantang Hangzhou Entrance Day In […]

The Dutch government has unveiled plans to enhance export controls on ASML’s advanced lithography equipment, a move China attributes to US coercion. The new regulations will impose stricter licensing requirements for two critical ASML machines essential for semiconductor manufacturing, impacting global technology supply chains. This decision comes amid escalating tensions between Beijing and Washington over technological and trade policies. The Dutch government has stated that the new […]

President Xi Jinping has reaffirmed China’s commitment to Africa through a newly unveiled 10-point partnership action plan, aimed at advancing modernization across the continent. The pledge was made during Xi’s keynote speech at the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing. Xi’s speech emphasized China’s dedication to being a reliable development partner, focusing on addressing Africa’s pressing challenges such as poverty, food insecurity, […]

China will permit foreign investors to establish wholly-owned hospitals in major cities and regions, including Beijing, Shanghai, and several others, according to a recent announcement by the Ministry of Commerce. This move marks a significant shift in China’s healthcare investment landscape and aligns with the country’s broader strategy to enhance its healthcare sector by integrating international expertise. Under the new policy, foreign entities can set up entirely […]

By Nitya Chakraborty Bangladesh Interim Head Dr. Muhammad Yunus has invited Indian Prime Minister Narendra Modi for talks in New York in the last week of September when both of them will be attending the session of United Nations general assembly .So far, there has been no response from the Indian Government sources. In fact, […]

Virgin Galactic is expanding its reach to Asia, inviting potential customers to express interest in its upcoming space tourism flights. The company, known for its ambitious plans to make space travel accessible to private citizens, is offering a ticket price of $600,000 for a seat on its suborbital flights. The company’s strategy aims to tap into the burgeoning market of high-net-worth individuals in Asia who are eager […]

Beijing’s Future Science City is hosting the 2024 Global Energy Transition Conference, which began on September 7 in the Changping District. This annual event, now in its sixth year, serves as a pivotal platform for global discourse on energy transformation and sustainability. The conference is attracting attention from leading figures in the energy sector, including policymakers, industry executives, and academic researchers. This year’s agenda emphasizes the accelerating […]

China is introducing a significant regulatory measure that will impose a ban of up to ten years on former regulators from participating in new stock offerings. This initiative, which aims to tackle corruption and restore confidence in the country’s $8 trillion stock market, marks a substantial shift in the enforcement of financial regulations. The new rule, announced by the China Securities Regulatory Commission (CSRC), is a response […]

HONG KONG SAR/SHANGHAI, CHINA – Media OutReach Newswire – 9 September 2024 – Hang Lung Properties (SEHK stock code: 00101) (“the “Company” or “Hang Lung”) held its annual Nationwide Volunteer Day in Hong Kong and nine Mainland cities on September 7 to celebrate the anniversary of the founding of Hang Lung Group. Now in its fifth consecutive year, the annual event this year focused on empowering young […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA