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UNCTAD Global Supply Chain Forum in Barbados Releases Global Supply Chain Report

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UNCTAD Global Supply Chain Forum in Barbados Releases Global Supply Chain Report
Business

Business

UNCTAD Global Supply Chain Forum in Barbados Releases Global Supply Chain Report

2024-05-27 19:02 Last Updated At:19:25

Key event highlights innovative strides in supply chain management and international cooperation 

BRIDGETOWN, Barbados, May 27, 2024 /PRNewswire/ -- The Global Supply Chain Promotion Report (the Report) was officially released in Bridgetown, Barbados, lately, during a key session of the inaugural Global Supply Chain Forum, the promotional conference for the second China International Supply Chain Expo (CISCE). The forum was a collaborative effort between the United Nations Conference on Trade and Development (UNCTAD) and the Barbados government, hosted by the China Council for the Promotion of International Trade (CCPIT).

Authored by the China Council for the Promotion of International Trade Academy, the Report provides an in-depth approach to quantitatively assessing the global supply chain's movement towards regionalization, diversification, digitalization, and greening from a global standpoint, establishing a novel analysis model for promoting the global supply chain.

The event featured keynotes from Ren Hongbin, Chairman of CCPIT; Shamika N. Sirimanne, Director of UNCTAD's Division on Technology and Logistics; and Yan Xiusheng, the Chinese Ambassador to Barbados. Joining them were more than 100 senior executives from multinational corporations and trade associations worldwide.

Mr. Ren underscored the indispensable role that robust, resilient global supply and industrial chains play in underpinning the world's economic vitality, stressing that reinforcing international supply chain cooperation is not only beneficial but essential, given the current global economic climate.

He explained that China's decision to host the CISCE is a timely response to current challenges, aimed at fostering an environment conducive to open dialogue, stronger partnerships, and collective advancement. Furthermore, Mr. Ren highlighted China's ongoing commitment to facilitating the participation of regional organizations such as the African Union, the Arab League, as well as those organizations and enterprises from Caribbean states and islands in the South Pacific.

In her remarks, Ms. Sirimanne praised China's leadership in hosting the CISCE and the publication of the Global Supply Chain Promotion Report, noting that current global supply chain challenges remain acute.

Ambassador Yan highlighted the CISCE's crucial role as a premier venue for advancing trade and investment cooperation between Chinese and Barbadian firms.

The second edition of the CISCE, scheduled for November 26–30 in Beijing, with its recruitment and investment promotion efforts advancing successfully, is attracting keen interest from international businesses eager to participate in this important event.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

UNCTAD Global Supply Chain Forum in Barbados Releases Global Supply Chain Report

UNCTAD Global Supply Chain Forum in Barbados Releases Global Supply Chain Report

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Venture Global Launches First Vessel from State-of-the-Art LNG Fleet

2024-06-26 06:04 Last Updated At:06:25

ARLINGTON, Va., June 26, 2024 /PRNewswire/ -- Today, Venture Global announced the successful launch of its first LNG vessel, the Venture Gator at a ceremony which took place at the Samsung Heavy Industries shipyard in Geoji-si, South Korea. The Venture Gator is the first of nine LNG carriers in the Venture Global fleet to be completed in quick succession across three shipyards in South Korea over the coming 24 months, which will transport LNG from the U.S. to multiple global partners and destinations. The ship deploys best-in-class environmental and efficiency technology and will be primarily fueled by Venture Global's liquefied natural gas. The Venture Gator and progressively the fleet's other eight ships will commence serving our global partners in Europe and Asia beginning this fall. 

"Venture Global is proud to have launched our first ship, the Venture Gator at SHI in Korea. President Biden has committed to increasing LNG supply into Europe and we are pleased to be in a position to continue to support these efforts with a fast-growing shipping fleet, wholly owned, operated and controlled by Venture Global. With these ships, we will increase the security of natural gas supply, through low-cost LNG delivered directly to allies across the world," said Mike Sabel, CEO of Venture Global.

The Venture Gator is a 174,000 cubic meter ship, in a state-of-the-art fleet which showcases the industry's newest, clean technologies for transporting LNG across the world. The new hull design; onboard reliquefication (for liquefying gas which has "boiled-off" in transit); air-lubrication systems (ejecting air bubbles from the hull to reduce friction through the water); an auxiliary shaft generator (reducing the number of auxiliary generators running at sea) and exhaust gas recirculation systems (to reduce methane) make Venture Global's LNG new-build carrier fleet among the cleanest on the ocean today. 

About Venture Global LNG

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global's first facility, Calcasieu Pass, commenced producing first LNG in January 2022. The company is also constructing or developing an additional 60 MTPA of production capacity in Louisiana to provide clean, affordable energy to the world. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Venture Global Launches First Vessel from State-of-the-Art LNG Fleet

Venture Global Launches First Vessel from State-of-the-Art LNG Fleet

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