Tag: Resilience
ABS Grants Approval in Principle to SHI for Cyber Resilience
(BUSAN) ABS awarded approval in principle (AIP) to Samsung Heavy Industries Co., Ltd. (SHI) for its cyber resilience systems design. As technologies have expanded, automation systems have become more complex and integrated, and autonomous functions are being introduced, the probabilities of cyber-related incidents have increased. ABS found that the SHI…
Dry Bulk Market: Capesize Market shows resilience as the week ended
Capesize The week started with the usual slow pace on Monday, but it quickly picked up momentum. In the Pacific, the underlying sentiment remained positive, with two out of the three major players actively participating from West Australia to China. Rates on C5 showed improvement, rising by approximately 15 cents at the beginning of the…
Economic Resilience Tempered By Persistent Challenges
The International Monetary Fund’s (IMF) latest World Economic Outlook (WEO) update in July paints a picture of near-term resilience amid persistent challenges for the global economy. Global growth is projected to decelerate from 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024, an improvement of 0.2 percentage point for 2023 compared with…
