Yearly Archives: 2021
Travellers Stranded After New Covid Version Sparks Alarm
The European Union and other major destinations, including the United States and Canada, have moved to block flights from African countries following the...
Global Oil Stocks Crumble As New Covid Variant Emerge
Stocks fell and oil prices plunged more than 10% on Friday as the emergence of a new Covid-19 variant rattled global markets.
Asian markets...
This Type of COVID Variant To Derail Global Economic Recovery
Wall Street stock indexes dropped at the open after the U.S. Thanksgiving break, Treasury yields slid and oil hit two-month lows as fears of...
Inflation Drives Food Costs for Shipping Amid COVID Repercussions
The repercussions of covid have impacted international trade which has resulted in disruption to the supply chain, reports MCTC.
Inflation drives up food costs
Ongoing issues...
Baltic Exchange Dry Index Rise By 3.3%
Trading Economics reports of the Baltic Exchange Dry Index.
Baltic Exchange Dry Index
The Baltic Exchange Dry Index rose 3.3% to 2,767 on Friday, its highest...
Shipping Industry Is Going To Rely More On Chinese Financing
The shipping industry is going to rely more on Chinese financing as those vessels that fall short of environmental standards become less attractive...
Wärtsilä & RINA Partners To Deliver A Solution With Hydrogen As Fuel
The technology group Wärtsilä, together with class society RINA, ABB, Helbio - a subsidiary of Metacon AB, the Liberian Registry, and an energy...
How Marine Heat Waves Cause Billions Of Dollars Of Damage?
Marine heatwaves are catastrophic impacts of climate change.
Climate change has caused surface waters to warm at an average rate of 0.15 degrees...
ClassNK Sign A MOU On Cybersecurity With PMA
ClassNK has signed a Memorandum of Understanding (MOU) on cybersecurity with the Panama Maritime Authority (PMA).
On 17 November, PMA announced the establishment...
Petrobras Hits New Daily LNG Regasification Record
Brazil’s state-owned energy firm Petrobras said it has achieved a record number of ship-to-ship (STS) LNG operations as the country continues to boost LNG...