Norway makes fishing vessel data accessible to the world

Norway to become first European nation to share its vessel tracking information on Global Fishing Watch map

Lisbon, Portugal, June 30, 2022 (GLOBE NEWSWIRE) — Norway has become the first country in Europe to partner with Global Fishing Watch—an international nonprofit organization dedicated to advancing ocean governance through increased transparency—and will share its vessel tracking data for the Norwegian fishing fleet on the organization’s public map.

The announcement was made at the second United Nations Ocean Conference in Lisbon, Portugal where countries from around the world are gathering to mobilize action and innovative solutions to some of the ocean’s most pressing threats.

Under the memorandum of understanding, which was signed between Global Fishing Watch and Norway’s Directorate of Fisheries, Norway has agreed to share the vessel monitoring system data for vessels 15 meters or more in length on the Global Fishing Watch map.

“Wild living marine resources are a common good and belong to everyone,” said Frank Bakke-Jensen, director general of the Directorate of Fisheries in Norway. “When a commercial fishing fleet is licensed to utilize this common good, we are obliged and committed to share fisheries data documenting the environmental footprint of commercial fishing activity. We hope that others will follow this approach and share more fisheries data.”

“We believe that improved transparency of fishing data is necessary to reduce the risk of illegal fisheries and set the groundwork for improved compliance,” said Thord Monsen, head of monitoring, control and surveillance at the Directorate of Fisheries.

The incorporated data will span a total of approximately 600 vessels—all vessels 15 meters in length or more predominantly operating in Norwegian waters and the northeast Atlantic Ocean. Norway is currently expanding its VMS requirement to include all commercial fishing vessels, as well as increasing the frequency that vessels need to report their position—a requirement which will be implemented over the coming years in a phased approach.

“We’re seeing more and more countries embrace fisheries transparency, demonstrating their understanding of just how essential public data is to the effective management of fishing activity,” said Tony Long, chief executive officer of Global Fishing Watch. “Norway has taken a leading global role in the sustainable ocean economy and is using its experience and expertise to promote better ocean governance. By bringing its fishing fleet into our map, Norway is paving the way for other countries, including developed nations, to follow suit.”

Since October 2019 Norway has shared its VMS tracking information on the Fisheries Directorate website in support of transparency and as part of an effort to make government data public whenever possible. The partnership with Global Fishing Watch will help make its vessel tracking data more accessible to a wider range of stakeholders—a substantial benefit in the sphere of international fisheries management.

With a coastline of more than 83,000 kilometers, including islands and fjords, the fishing sector is a key element to Norway’s economic, social and cultural identity. Norway is the second largest exporter of fish and fish products by value in the world and is home to some of the most productive marine areas in the world. An influential voice when it comes to fisheries issues and a leader on blue economy issues, Norway’s decision to partner with Global Fishing Watch and amplify its vessel tracking data demonstrates how fisheries transparency can be adopted in countries where fishing represents such a significant part of the economy.

“Data can be a powerful tool in protecting the environment, as we have seen in our work on climate change. The more data we have about the ocean, the better we can protect it and the people that rely on it. Norway’s commitment to making fishing vessel data accessible to the world – via Global Fishing Watch – is a great step forward for ocean transparency,” said Michael R. Bloomberg, Founder of Bloomberg Philanthropies and ​UN Special Envoy on Climate Ambition and Solutions. “Their commitment to data-sharing is a model other countries can follow, and it will help demonstrate the effectiveness – environmentally and economically – of sustainable fishing.”

Norway joins a growing number of progressive countries from around the world that are dedicated to advancing, and benefiting from, fisheries transparency, which include: Benin, Brazil, Belize, Chile, Costa Rica, Ecuador, Panama, Peru and the Republic of the Marshall Islands.

Global Fishing Watch is an international nonprofit organization dedicated to advancing ocean governance through increased transparency of human activity at sea. By creating and publicly sharing map visualizations, data and analysis tools, we aim to enable scientific research and transform the way our ocean is managed. We believe human activity at sea should be public knowledge in order to safeguard the global ocean for the common good of all. globalfishingwatch.org

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Sarah Bladen
Global Fishing Watch
+44 79 20333832
sarah@globalfishingwatch.org

OKX launches Block Trading as latest innovation for institutional and pro crypto traders

  • Block Trading is OKX’s latest innovation designed to allow institutional and professional traders to transact in bulk, without the risk of price slippage
  • OKX offers the only block trading platform for crypto that integrates spot and derivatives trading while supporting futures, options, and perpetual swap trading

VICTORIA, Seychelles, June 30, 2022 (GLOBE NEWSWIRE) — OKX, the world-leading cryptocurrency platform, today launched Block Trading, which allows professional and institutional users to execute large, privately negotiated transactions off the order books.

OKX is the only crypto exchange to provide a block trading platform that allows investors to execute crypto spot, futures, options, and perpetual swap trades, as well as multi-leg combination trades, over the counter. When executing multi-leg trading strategies on the platform, traders benefit from competitive pricing and ease of use, including single-click atomic trade execution. Since trades are executed over the counter, traders avoid the risk of price slippage — the divergence of quoted sell price and actual sell price.

The OKX Block Trading platform is distinctive in that it allows users to integrate spot and derivatives trades on a single platform and trade multiple currencies in a single trade. It is also unique for its support of trading of perpetual swap, futures, and option contracts with popular altcoins, such as Solana (SOL), as the underlying. The platform allows for multi-leg combination trades, including future spreads, straddles and carry trades, among others.

Lennix Lai, Financial Markets Director, OKX, said, “As the crypto market matures and more professional and institutional investors enter it, OKX is introducing Block Trading to ensure these users have the tools they need to invest well. Block Trading on OKX allows investors to not only make large trades at more favorable prices, but to do so without the risk of their trading causing price slippage.”

To execute a block trade on OKX, traders first submit a request-for-quote (RFQ) that broadcasts their request to selected counterparties, who then offer a quote in response. If the trader accepts the quote, the trade is then executed off the order books via OKX’s trading engine. Investors can discover more about how OKX Block Trading works on OKX Learn.

Clément Florentina, CEO, Darley Technologies, said, “OKX has always been one of the most user-friendly exchanges for institutional traders like ourselves, with features like portfolio margin providing greater capital efficiency. Block Trading on OKX opens up additional opportunities for us to quote sophisticated, multi-instrument strategies, without the counterparty having to worry about slippage or execution.” Darley Technologies is a high-frequency trading firm that delivers market making and liquidity provision on a range of prominent exchanges.

Going forward, Block Trading on OKX will be expanded to offer bespoke strategies, further OTC products and integrations with Dei derivatives protocols.

OKX is the world’s most powerful crypto exchange for institutional traders, ranking second globally in derivatives trading volume. The platform was also the first to introduce portfolio margin mode for multi-currency margining with risk offsetting functionality, and offers 500+ spot pairs and 250+ linear and inverse perpetual swaps and futures contracts.

Find out more about OKX Block Trading here.

For further information, please contact:
Media@okx.com

About OKX
OKX is a world-leading crypto trading app and Web3 ecosystem. Trusted by more than 20 million global customers in over 180 international markets, OKX is known for being the fastest and most reliable crypto trading app of choice for investors and professional traders globally.

Since 2017, OKX has served a global community of people who share a common interest in participating in a new financial system that is designed to be a level playing field for everyone. We strive to educate people on the potential of crypto markets and how to invest and trade responsibly. Beyond the OKX trading app, our Web3 portal, known as OKX Wallet, is our latest offering for people looking to explore the world of DeFi, NFTs and the metaverse.

To learn more about OKX, download our app or visit: okx.com

Punjab University Vice Chancellor inaugurates art display 

Lahore, June 30, 2022 (PPI-OT):Punjab University Vice Chancellor Prof Dr Saleem Mazhar has inaugurated thesis display of Department of Textile Design’s MFA and BFA students at College of Art and Design. Head of the department Dr Asna Mubashara, Prof Dr Ahmad Bilal, senior faculty members and students were present on the occasion. During his visit, Dr Saleem Mazhar said that he was very excited to see the artwork and impressed with the talent of youngsters, as most of them already engaged in jobs and private practices.

He went to each student’s work and asked about his/her journey. Dr Asna said thanked the VC for encouraging the students. Prof Dr Ahmad Bilal said that textile industry was the backbone of Pakistan’s economy and these students were really the backbone of the department. He appreciated Dr Asna and her team for putting their maximum efforts in this regard. A huge no of visitors, critics and media persons visited the show.

For more information, contact:
Registrar,
University of the Punjab
Quaid-e-Azam Campus, Lahore, Pakistan
Tel: +92-42-99231102
Fax: +92-42-99231103
E-Mail: registrar@pu.edu.pk
Website: http://pu.edu.pk/

Lahore High Court decision, Ch Pervez Elahi’s consultation with Imran Khan and legal team, decided to appeal to the Supreme Court 

Lahore, June 30, 2022 (PPI-OT):Speaker Punjab Assembly Chaudhry Parvez Elahi has consulted PTI chairman Imran Khan and senior party leadership on the video link and the legal team after the decision of the Lahore High Court against the election of the Punjab Chief Minister. It was decided that the decision of the Lahore High Court will be appealed to the Supreme Court and the next political and legal strategy will be worked out in consultation.

The meeting was attended by Shah Mehmood Qureshi, Senator Ali Zafar Advocate, Moonis Elahi, Asad Umar, Dr Babar Awan, Fawad Ch, Omar Sarfraz Cheema, Amir Kayani, Faisal Chaudhry Advocate, Muhammad Basharat Raja, Samsam Bukhari, Ghazanfar Abbas Cheena, Hussain Jehanian Gardezi, Hafiz Ammar Yasir and senior lawyers were present.

It was decided in the meeting that the decision of the Lahore High Court will be appealed to the Supreme Court for which the preparation of a legal petition has been started. During the meeting, it was briefed that five members of PTI have gone for Hajj, six members are abroad for necessary work. Besides, despite the order of Lahore High Court, the Election Commission has not yet notified five members of PTI. It was agreed in the meeting that there are many constitutional and legal ambiguities in the decision of the Lahore High Court, legal points will be placed before the Supreme Court.

For more information, contact:
Mediacell, Pakistan Muslim League
30-C, Chaudhry Zahoor Elahi Road,
Gulberg-II, Lahore, Pakistan
Tel: +92-42-35878428
Fax: +92-42-35877329
Website: www.pmlmediacell.com

UOL hosts Mr. James McNee, First Secretary for Political Affairs-Canadian High Commission 

Lahore, June 30, 2022 (PPI-OT):The University of Lahore (UOL) hosted Mr. James McNee (First Secretary for Political Affairs, Canadian High Commission, Islamabad) on June 28, 2022. During his visit, Mr. McNee met Mr. Awais Raoof (Chairman, BoG) and Dr. Rabia Akhtar (Director, CSSPR) to discuss Pakistan’s regional security dynamics and foreign relations. Mr. Raoof presented a calligraphy to the guest as a memento.

For more information, contact:
The University of Lahore
1 – KM Defence Road, Lahore, Pakistan
Tel: +92-42-111-865-865, +92-42-35322501 +92-42-35321761
Email: info@uol.edu.pk
Website: www.uol.edu.pk

UOL attends the education transformation session organized by HEC, Microsoft Pakistan

Lahore, June 30, 2022 (PPI-OT):An Education Transformation Agreement (ETA) has been signed between Microsoft Pakistan and the Higher Education Commission (HEC) to help educational institutions use modern technology during the learning process. A session was held in this regard at the HEC headquarters in Islamabad where The University of Lahore (UOL) participated. More than 25 UOL students and faculty members attended the event, which featured a number of programs that are a part of this framework and will have an impact on the tutorial lifecycle of students and faculty.

For more information, contact:
The University of Lahore
1 – KM Defence Road, Lahore, Pakistan
Tel: +92-42-111-865-865, +92-42-35322501 +92-42-35321761
Email: info@uol.edu.pk
Website: www.uol.edu.pk