RasGas delivers 500th LNG shipment to Edison
RasGas has delivered its 500th liquefied natural gas (LNG) cargo to its long term customer, Edison.
RasGas’ LNG tanker, Al Areesh, delivered the cargo on 1st July, 2017 at the Adriatic LNG Terminal located in the northern Adriatic Sea, about 15 kilometres off the Veneto coastline in Italy.
The relationship between the two organizations goes back to 2003, when an agreement was signed between Ras Laffan Liquefied Natural Gas Company and Edison for deliveries of 4.6 million tonnes (6.4 billion standard cubic metres) of LNG per year.
RasGas’ Chief Executive Officer, Hamad Mubarak Al Muhannadi, said: “We are very proud to have delivered the 500th LNG SPA cargo to our long-term partner and customer, Edison.
“This is a milestone delivery that underlines RasGas’ continued commitment to the safe and reliable supply of LNG to all of its customers worldwide.”
Marc Benayoun, Edison’s Chief Executive Officer, commented: “The 500th LNG SPA cargo is further evidence of the excellent relationship and long term partnership between RasGas and Edison, which started more than fourteen years ago with the signing of the Long Term LNG Sales and Purchase Agreement and the construction of the offshore LNG receiving terminal.”
ASCM: Supply chain pay gap closes in under 40s
The pay gap between men and women working in supply chain under the age of 40 has finally reached parity, according to the Association for Supply Chain Management’s latest annual Supply Chain Salary and Career Report.
The gender pay gap in this age group had been narrowing over the past two years, the ASCM’s previous surveys show, and in 2021 has closed entirely. Women report a median salary of $81,000 annually, while men earn a median annual salary of $79,000. Across all age brackets, men report a median salary of $82,000 and women $80,000.
Other highlights from the ASCM report
- 95% of supply chain professionals kept their job through the pandemic
- The typical starting salary for a supply chain professional is $60,000
- 48% of supply chain professionals now work from home
- 88% of survey respondents find supply chain a fulfilling career path
But there is still work to be done in closing the divide in those over the age of 40. Older men are still earning far more than their female peers, with a discrepancy of between $12,000 and $23,000 annually. ASCM’s report does not definitively conclude why this disparity remains, but says women who began their careers several decades ago may have started out on lower salaries. They may also have missed out on steady wage increases and career development after taking time away from work to have and raise families.
It is also likely that the pay gap in over 40s is affected by a lack of women in executive leadership positions. A recent Gartner study found that, while women now represent 41% of the supply chain workforce - a five year high - only 15% of executive level positions are held by women. That figure is a decline of two per cent on 2020.
Supply chain’s racial pay gap remains
For the first time, ASCM’s annual survey also looked into the pay gap between ethnicities, finding that the median salary for black professionals was 12% less than their white peers, and Latinos earned on average 14% less. That represents a divide of between $9,000 and &10,000 in real terms. Asian professionals earned a median salary of $80,000, compared with the $83,000 for white professionals.
Abe Eshkenazi, the ASCM chief executive, said reporting on and acknowledging lingering wage disparity was not enough: “Supply chain organisations must lead the way by creating environment where diverse talent is valued, included and developed. The need for supply chain professionals has never been greater, so now is the time to expand the aperture to include diversity of thought, influence and input — particularly for women and people of colour.”
Read the full report: ASCM 2021 Supply Chain Salary and Career Report