Yearly Archives: 2023
Incredible ‘Black Gold’ From 4,000-Year-Old Shipwreck Discovered
The remains of a 4,000-year-old ship have been found in Italy. A rare stone called ‘black gold’ known as obsidian was also found in...
Rare Obsidian ‘Black Gold’ Found in Sunken Italian Ship
Oceans are enormous bodies of water with a lot of unresolved mysteries. In the water, a great number of ships have sunk and wrecked....
EU’s Maritime ETS Expansion: Is It Enough for Decarbonization?
The European Commission’s plan to extend the Emissions Trading Scheme to the sector falls short in driving decarbonization, reports Social Europe.
Progress hindered
Maritime contributes significantly...
NTSB Highlights Lithium-Ion Battery Risks After Bridge Fire on Vessel
The National Transportation Safety Board of the United States (NTSB) has published report MIR-23-23 relating to a Lithium-ion battery fire aboard a tanker. This...
Red Sea Crisis Sparks 20% Surge in Ocean Freight Rates, Threatens Supply Chain
Consumers around the world will pay the price for the unfolding crisis in the Red Sea after missile attacks on merchant ships plunged supply...
Emergency Surcharges As Carriers Reroute Amid Red Sea Safety Concerns
Ocean carriers are imposing emergency peak season surcharges (PSSs) as global supply chains face weeks of disruption with ships being re-routed via Southern Africa...
Carriers Reroute Around Red Sea, Opting for Suez Canal Detour
Carriers appear to have given up hope that the threat to vessels transiting the Red Sea will end any time soon, and are starting...
Wärtsilä Signs New Medium Gas Carrier Newbuild Project
Technology group Wärtsilä has secured a contract to provide cargo handling and liquefied petroleum gas (LPG) fuel supply systems for a new Medium Gas...
JN.1 Now The ‘Fastest-Growing’ COVID Variant In The US
The CDC is warning that the coronavirus subvariant JN.1 is now the "fastest-growing" variant in the US, reports BBC.
It's now causing about 20% of...
LNG Shipping Stocks: Mild Gains Stop Decline
Last week, the UP World LNG Shipping Index (UPI) stayed at the previous level, gaining 3.79 points or 2.62%, closing at 148.50 points. This...