OPEC+ Lags Behind in Its Oil Output Quotas, Survey Says

Co-leaders Saudi Arabia, Russia pump below caps OPEC+ compliance rises to record 120.8% Venezuela plunges; Libya, Kazakhstan also fall OPEC and its allies continue...

Top European Shippers Forecast Surge in Freight Rates

Two top European shippers warned freight costs were likely to remain high well into this year, offering no relief to customers including the world’s...

ICS Announces Maritime Decarbonization Summit

The board of the International Chamber of Shipping (ICS), has announced plans to mark its centenary and host a high-level summit to address the...

Erik Thun Orders Next-gen Dry Cargo Vessels

Swedish shipping company Erik Thun Group has ordered two new dry cargo vessels from Dutch shipyard Ferus Smit in an effort to replace some...

Legal Petition Demands Biden Govt. To Stop Unlawful Oil Drilling

Three hundred and ten environmental justice, climate, conservation, public health, indigenous, faith-based and community organizations sent an “emergency petition” this week to Debra Haaland,...

MOL Signs A MoU With PETRONAS To Study The Liquefied CO2

On February 7, 2022, MOL President & CEO Hashimoto and PETRONAS Executive Vice President & CEO, Upstream Adif Zulkifli participated in the MoU...

Amazon More Than Doubles Max Base Pay To $350k

An overall increase in total compensation intended to help recruit top talent and retain existing employees. Amazon shares are down 15% from their...

This M-Series BWTS Receives USCG Certification

The France-based UV water treatment specialist received UV water treatment in December following the successful completion of tests under DNV supervision.  BIO-UV Group...

A Glimpse At The Global Economy!

To begin with, looking at the global growth rate and despite a predicted contraction of -3% in April 2020, much worse than the financial...

The Reason Behind Sudden Rise in Covid Death Toll

The numbers show that only approximately 12 per cent of Israelis over 60 are either unvaccinated or partially vaccinated. These numbers highlight once...