Hitachi Energy wins orders to integrate offshore wind farms with Poland's power grid

KUALA LUMPUR, Jan 9 (Bernama) -- Global technology leader, Hitachi Energy has won two major orders from Equinor and Polenergia to provide an alternating current (AC) grid connection and power quality solution for their jointly owned MFW Baltyk II and MFW Baltyk III offshore wind farms, with a combined generating capacity of 1,440 megawatts in the Polish sector of the Baltic Sea.

Hitachi Energy’s Grid Integration business managing director, Niklas Persson said integrating large-scale renewable energy sources with the power grid was a key enabler of the energy transition and a field in which the company has been a pioneer for decades. 

“Our grid connection technologies feature in offshore wind farms worldwide, and our power quality solutions resolve bottlenecks and keep the voltage stable and the energy flowing in power systems globally,” he said in a statement.

Hitachi Energy will provide each of the two wind farms with an offshore grid connection that will receive the power from the wind turbines and transfer it to shore, a mainland grid connection that will transmit the power into the national transmission system.

It will also provide a STATCOM power quality solution to ensure that power flows reliably and stably at optimal capacity and at all times, despite the often high variability of wind power.

MFW Baltyk II and MFW Baltyk III are pending a final investment decision in 2024, and are scheduled to deliver first power in 2027.

They will be one of the first offshore wind farms in Poland and part of the country’s ambitious programme to develop its offshore wind potential and increase the use of renewables in its electricity mix, which historically is dominated by coal.

The announcement follows a recent global agreement between Hitachi Energy and Equinor to collaborate on high-voltage transmission systems (AC and DC) to connect Equinor offshore wind farms and production facilities to mainland power grids worldwide.

-- BERNAMA

"2023 AIR & OCEAN FREIGHT MARKET TRENDS AND FORECASTS" WEBINAR TO BE HOSTED BY NIPPON EXPRESS (SOUTH ASIA & OCEANIA)

AsiaNet 99401

TOKYO, Jan. 10, 2023 /Kyodo JBN-Asianet/ --

- Registration Now Being Accepted via Email -

 

Nippon Express (South Asia & Oceania) Pte. Ltd. (hereinafter "NXSAO"), a group company of NIPPON EXPRESS HOLDINGS, INC., will hold a webinar titled "2023 Air & Ocean Freight Market Trends and Forecasts" on Tuesday, January 17, and Wednesday, January 18.

 

Logo: https://kyodonewsprwire.jp/img/202212281762-O1-30O4Zwp7

 

Image:

https://kyodonewsprwire.jp/prwfile/release/M103866/202212281762/_prw_PI2fl_EaI0pnPa.png

 

 

The webinar will be held twice, once in English and once in Japanese, and is especially designed for those interested in international logistics in the South Asia and Oceania region.

 

Webinar details

- Dates/times:

English/ Tuesday, January 17, 2023 / 14:00 - 15:30 (Singapore time), 15:00 - 16:30 (Japan time)

Japanese/ Wednesday, January 18, 2023 / 14:00 - 15:30 (Singapore time), 15:00 - 16:30 (Japan time)

- Format: Online via Microsoft Teams

- Title: "2023 Air & Ocean Freight Market Trends and Forecasts"

- Agenda:

(1) Future economic trends from a global perspective (Nomura Research Institute, Ltd.)

(2) Market trends -- air and ocean freight market forecasts for 2023 (NXSAO)

(3) Introduction of Nippon Express Group's services (NXSAO)

(4) Q&A session

- Admission: Free

- Attendance: Limited to 800 participants

- Registration deadline: January 12, 2023

- How to participate: Please contact NXSAO at the email address below, providing the participant's name, his/her company's name, and the desired date for participation:

nsao-sg-seminar[at]nipponexpress.com

(Please replace [at] with @ before using this email address.)

 

Nippon Express website: https://www.nipponexpress.com/

 

Nippon Express Group's official LinkedIn account:

https://www.linkedin.com/company/nippon-express-group/

 

 

Source: NIPPON EXPRESS HOLDINGS, INC.

GETGO PICKS JUMIO AS KEY TO UNLOCK FASTER DIGITAL ONBOARDING FOR NEW DRIVERS

KUALA LUMPUR, Jan 10 (Bernama) -- Jumio, the leading provider of end-to-end identity proofing, risk assessment and eKYC/AML compliance solutions, collaborated with GetGo, the largest car-sharing service in Singapore, to create an ecosystem where mobility is shared and sustainable for all.

Jumio leverages the power of biometrics, artificial intelligence (AI) and the latest technologies to quickly and automatically verify the digital identities of new GetGo customers.

GetGo prides itself on an extremely user-centric service with a focus on simplicity, flexibility and accessibility, for customers who want to be able to easily book a vehicle whenever and wherever they are using their mobile phones.

“We are proud to work with GetGo to put the freedom to drive in their customers’ hands.

“By using Jumio technology in its eKYC process, GetGo is able to protect its car-sharing ecosystem and provide a seamless digital onboarding experience,” said Jumio vice president of Asia Pacific, Frederic Ho in a statement.

Meanwhile, GetGo group product lead, Lionel Fong said Jumio's facial verification technology allows GetGo to simultaneously raise its trust and safety standards while enhancing its customer onboarding experience.

“We look forward to a long-term partnership with Jumio in pushing the boundaries on bringing a reliable and frictionless verification experience to the masses,” he said.

Jumio offers the most comprehensive identity verification solution on the market, accepting and reliably verifying more than 5,000 ID subtypes from across the globe, including many with non-Latin script, which will enable GetGo to scale its onboarding process throughout Asia Pacific and beyond.

In using Jumio, GetGo is also able to protect its fleet of over 1,700 vehicles against theft. Jumio Identity Verification ensures that the person creating a new GetGo account or requesting a new vehicle is who they claim to be.

-- BERNAMA

AM Best affirms Malaysian Reinsurance’s credit ratings

KUALA LUMPUR, Jan 9 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Malaysian Reinsurance Bhd (Malaysian Re).

In a statement, AM Best said the credit ratings, which have a stable outlook, reflected Malaysian Re’s balance sheet strength, which was assessed as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

Malaysian Re’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.

The credit rating agency viewed the company’s investment portfolio to be generally conservative, whereby the majority of investments are allocated to term deposits, government bonds and good quality corporate bonds.

Additionally, the company benefits from good financial flexibility as demonstrated by its recent subordinated debt issuances in 2022, and historical capital support from MNRB Holdings Bhd.

“The company’s operating performance is assessed as adequate, as evidenced by a five-year average return-on-equity ratio of 5.6 per cent between financial years 2018 and 2022.

“Malaysian Re’s underwriting performance was negatively impacted in the financial year ending March 31, 2022, mainly by its exposure to Malaysian and European floods, as well as other large losses in 2021,” it added.

While the company’s investment income declined in financial year 2022 as a result of lower interest income and unrealised losses on equity investments including unit trusts, it remains a positive contributor to overall earnings.

Malaysian Re is the largest non-life reinsurer in Malaysia, with a dominant domestic market share, benefitting from a regulatory domestic cession arrangement, which provides it with access to a steady stream of profitable domestic business.

Future product and distribution channel diversification is expected to be supported by strategic expansion into non-traditional products and specialty lines, as part of the company's ongoing business remodelling programme.

-- BERNAMA

YOHO introduces new model of cross-border e-commerce platform

YOHO Launched a New Model of Cross-Border E-Commerce Platform and Entered the Global 100+Countries Appliance Market (Photo: Business Wire)

KUALA LUMPUR, Jan 9 (Bernama) -- YOHO, a vertical e-commerce platform selling household appliances, 3C and beauty products has launched a new model of cross-border e-commerce platform, entering the appliance market in over 100 countries.

As the earliest online shopping pioneer in Hong Kong's e-commerce field, YOHO has quickly integrated into the overseas business environment by accumulating rich operating experience in the vertical field of electrical appliances.

It uses big data to analyse a large amount of product data and uses the data to formulate marketing strategies, such as purchasing product data, managing inventory and promoting services.

The comprehensive implementation of this aspect has enabled the company to survive and grow in a highly competitive business environment.

In addition, YOHO has successively obtained investment from Sequoia Capital, Arbor Ventures, Fresco Capital, IMS Digital Ventures, WNJ Ventures, SC Ventures and other well-known venture capital companies.

“With strong background support, YOHO ranks first among e-commerce platforms in Hong Kong, China, focusing on electronic products and home appliances,” it said in a statement.

According to YOHO, Southeast Asia has naturally become the first stop for the company to march overseas.

As one of the largest economies in Southeast Asia, Malaysia has become an important base and bridgehead for YOHO to march into Southeast Asia relying on its superior geographical location, good economy and large population.

In order to make continuous breakthroughs, YOHO will conduct comprehensive investment attraction in Southeast Asian markets such as Malaysia and Vietnam, to integrate high-quality merchants and manufacturers, and better integrate into the local business environment and marketing ecology.

-- BERNAMA

OMRON Healthcare unveils remote patient-monitoring at CES 2023 Las Vegas

KUALA LUMPUR, Jan 6 (Bernama) -- OMRON Healthcare Co Ltd has unveiled Viso, a new remote patient-monitoring service in the United Kingdom (UK) to achieve its "Going for Zero" vision to eliminate heart attack and stroke at the world's largest Consumer Electronic Show (CES 2023) from Jan 5-8 in Las Vegas.

The service will help patients of chronic diseases share vital health data from their homes with their physicians while the physicians remotely monitor their patients' physical status and the medication adherence between their office visits to improve chronic care management.

According to a statement, the company will introduce a range of initiatives to detect early Atrial Fibrillation (AFib), one of the growing types of arrhythmias at the event.

“As it presents subtle symptoms that come and go, or simply goes unnoticed, it is difficult to detect the disease at an early stage. However, early detection and appropriate treatment can reduce heart attack and stroke risk,” said OMRON Healthcare.

The company has globally released the upper-arm blood pressure monitor with built-in electrocardiogram (ECG) that enables users and healthcare professionals utilise home-monitored data for the treatment and, as a result, the early detection of AFib in hypertensive patients could be realised.

OMRON Healthcare also unveiled the latest features, including a "Personal Heart Health Coach" and a "Care Team" in its OMRON connect, which has been released in the United States, Canada and Europe, the Middle East and Africa (EMEA) markets.

Additionally, testimonial from a physician who has been using the VitalSight programme since September 2020 is also being showcased at CES 2023.

-- BERNAMA

Hitachi Metals changes trade name to Proterial

KUALA LUMPUR, Jan 6 (Bernama) -- Proterial Ltd (Proterial) announced that its trade name has been changed from Hitachi Metals Ltd on Jan 4, 2023.

In a statement, the company said “Proterial” reflects the essence of its corporate philosophy, which consists of three elements namely Mission, Vision and Values.

“It combines “pro-” with the word “material”, in which “Pro-” represents the company’s “three pros” -- Professional, Progressive and Proactive while “Material” refers to the high-performance materials that its original technologies produce, underpinned by the three pros.

“With focus on solving customer issues and bringing new levels of value, we promise to contribute to the realisation of a sustainable society through the products and services that embody our philosophy,” it said.

-- BERNAMA