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SYDNEY Jeremy Hill Jersey , June 16 (Xinhua) -- The Australian share market opened flat on Friday as losses in the major stocks offset the gains made across the rest of the index.


At 1010 local time AEST, the S&PASX200 index was up 2.80 points, or 0.05 percent, at 5,766.00 points, while the broader all ordinaries index rose 5.90 points Cyrus Jones Jersey , or 0.10 percent, at 5,766.00 points.


The Australian market is generally performing well, according to Ric Spooner, CMC Markets chief market analyst who told Xinhua that this was despite some losses in the U.S. bourse.


"Essentially it's a bit of mean reversion, we've had a very volatile week in the Australian market Danny Etling Jersey , and some really urgent buying on Tuesday and Wednesday, as well as heavy selling on Thursday," Spooner said.


"Today, even though the U.S. markets are a bit weaker, we are seeing the bargain hunters creep back into the market, based on the fact that things have settled down a bit."


Mining and materials stocks continued to be a drag on the index as investors remain "unconvinced" Jordan Richards Jersey , according to Spooner,


"Mining and material stocks are the notable exception, that's despite the firmness in the iron ore price yesterday," Spooner said.


The market expert said investors would get "real comfort", if iron ore prices showed more concrete signs of consolidating.


The major banks took a large hit as confusion and concern about 1 billion dollars bank levy introduced by the Australian government ensues. Senior executives from major Australian banking associations spoke out on Friday, saying the government tax on banks disadvantages local financial institutions.


"Decisions have been made in a very short period of time Malcom Brown Jersey , without due consideration about how that might affect other parts of the banks involved," Australian Bankers Association chief executive Anna Bligh said on Friday during a hearing.


The Commonwealth Bank fell 0.73 percent, Westpac lost 2.65 percent, ANZ was down 2.17 percent and National Australia Bank dropped 2.09 percent.


BHP lost 2.08 percent, Rio Tinto plummeted 3.69 percent, Fortescue Metals fell 2.39 percent Joe Thuney Jersey , while Newcrest Mining dropped 1.79 percent.


Oil Search was down 2.04 percent, Santos plummeted 4.70 percent and Woodside Petroleum lost 1.74 percent.


Wesfarmers was up 0.27 percent and Woolworths slid 0.27 percent.


Qantas was down 0.55 percent, CSL dropped 1.82 percent and Telstra rose 0.23 percent.


The Australian dollar was currently buying 75.87 U.S. cents, while crude oil was trading at 44.37 U.S. dollars per barrel.


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Global Marine Fuel Management Market is expected to reach US$ 5.7 Bn by 2026 from US$ 3.9 Bn in 2017 at a CAGR of 4.21%.


Global Marine Fuel Management Market


Global Marine Fuel Management Market is a method to measure Deatrich Wise Jr. Jersey , monitor, and report fuel usage of vessels, ships, and boats in order to analyze fuel usage, improve transportation management, decrease emissions Antonio Garcia Jersey , and increase operational efficiency. Marine fuel management systems help in providing precise data about the amount of fuel oil used during combustion at any specific vessel speed or engine rpm. Ship鈥檚 crew can continuously measure and monitor the fuel. Constant measuring system assists in measuring fuel combustion rate or the quantity of fuel required by an engine at a particular rpm in an hour or in one full day. Prime functions of Marine Fuel Management Market include protection against fluctuations and shortages in fuel supply, fuel purchases in bulk quantity, closer visibility and control of fuelling costs, reduced fuel theft through higher visibility, and increasing vessel efficiency.


Marine Fuel Management Market is segmented into process and application. In process segment, measuring segment has a major share in the global market during the forecast period. Monitoring segment is projected to increase rapidly due to the growing adoption rate of monitoring function in Marine Fuel Management Market.


In terms of the application segment Derek Rivers Jersey , fleet management segment has emerged as the leading application area and is expected to maintain its lead throughout the forecast period. Development of this segment is derived by substantial demand for consistent fleet fuel management solutions to cut down on fuel costs and increase operational performance of fleets.


By region, the Marine Fuel Management Market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America. Asia Pacific region largest market share for marine fuel management market in 2017. The dominance of the market is mainly credited to growing shipbuilding activities and additional old marine fuel management systems with advanced ones.


North America is followed by the Asia Pacific in terms of the revenue-generating region in the Marine Fuel Management Market and accounted for around xx% share of the total market in 2017. Fleet man ll Jerseys[/url]