US Launches Major Supply Chain Initiative

The Biden-Harris Administration and U.S. Department of Transportation announced the launch of a major supply chain initiative, Freight Logistics Optimization Works (FLOW). FLOW...

Fed’s High-risk Efforts To Fight The Worst Inflation

The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and...

Crude Oil Futures Higher As Market Weighs Impact Of China Lockdowns

Crude oil futures were higher in mid-morning trade in Asia March 16. The prospect of lengthy lockdowns in Chinese cities may cast a...

Ukraine Recommends To Reduce The Number Of Ship’s Crew In Ports

Ukraine has recommended reducing the number of ship’s crew for vessels currently located in the ports of Ukraine to the minimal safe number...

WTO Chief Welcomes COVID Shot Patent Plan, Drugmakers Balk

The World Trade Organization (WTO) praised a provisional deal to waive patent rights for COVID-19 vaccines after more than a year of deadlock, though...

Ukraine Crisis Could Derail The Global Economy

Russia's invasion of Ukraine will affect the entire global economy by slowing growth and jacking up inflation, and could fundamentally reshape the global economic...

The Virus Isn’t Done With Europe, The Saga Continues!

It has been two years since the Covid-19 pandemic became a reality for millions of people in Europe and many of the region's leaders...

CMA CGM and SIPG Achieve China’s First Bonded LNG SIMOPS Bunkering

The CMA CGM Group, a world leader in shipping and logistics, and SHANGHAI INTERNATIONAL PORT (GROUP) CO., LTD. (“SIPG”), a world leading terminal...

Battery Storage System for Electric and Hybrid Vessels Certified

Swiss energy storage solutions provider Leclanché has obtained recertification from classification societies DNV and Lloyd’s Register (LR) for its Marine Rack System (MRS-2)...

ClassNK Issues AiP for World’s First Methane Oxidation Catalyst System

A recent news article published in the Class NK states that ClassNK issues AiP for World’s First Methane Oxidation Catalyst System Developed by Hitachi...