ClarkSea Index Reached A 13-year High in 2021
Clarkson’s cross-sector ClarkSea Index hit a 13-year high in 2021, climbing to $28,700 a day, more than twice the $13,697 ten-year average, the shipbroker has revealed.
A diverse range of sectors yielded high returns,...
BIMCO’s New SEV-GUARDCON Contract
BIMCO’s Documentary Committee has approved a new standard contract for security escort vessels (SEVs).
The contract is expected to be published in early 2022.
A standard club news source says that BIMCO launches new...
[Watch] Giant Jurassic “Sea Dragon” Fossil
Paleontologists have made a massive discovery in the United Kingdom's smallest county — the 180-million-year-old fossilized remains of a giant Jurassic "sea dragon."
Disclaimer: This video is intended for informational purpose only. This may not...
ExxonMobil’s New Renewable Fuels Production Goal
Moves ExxonMobil closer to renewable fuels production goal
Adds exposure to European markets
A recent news article published in the Platts states that ExxonMobil buys 49.9% stake in Norwegian biofuels producer Biojet.
ExxonMobil buys stake...
Baltic Index Falls To 9-Month Low, Loses 126 Points
The Baltic Exchange's dry bulk sea freight index dropped to its lowest level since April 2021 on Tuesday, reports Reuters.
Baltic index fall
The Baltic Exchange's dry bulk sea freight index dropped to its lowest level...
Port Congestion Incurs Additional $321 M Expenses for Shippers
Extensive attention on how increased shipping times, congestion at the ports, and backlogs along the supply chain were leading to short supplies that consumers were experiencing.
The delays were also further adding to...
How Effective Is The Booster Dose Against Omicron?
“The two doses, they’re not enough for omicron,” Pfizer CEO Albert Bourla said.
Bourla said the two-dose vaccine does not provide robust protection against infection and its ability to prevent hospitalization has also...
Box Ship Rates Boom While Dry Bulk Scrapping Slumps
Containerships comprise less than 1% of all tonnage scrapped as record-breaking freight rates kept elderly ships trading.
SCRAPPING of vessels remained at below-average levels in 2021 as booming containership and dry bulk rates...
World’s First Person To Receive Heart Transplanted from A Pig
Possibility of using animal organs for so-called xenotransplantation
The pig used in the transplant had been genetically modified to knock out several genes
Pig hearts are anatomically similar to human hearts
The bigger...
A Fine Of USD 3,500 On Vessels Arriving With Unvaccinated Sailors
A recent news article published in the Gard states that fines will be levied on vessels arriving in Ghanaian ports with crew or passengers not vaccinated against COVID-19 according to the latest Directive by...