This Week’s Commodity Tracker: 4 Charts to Watch

The announcement lifted EUA carbon allowances to a record Eur75/mt on Nov. 25 with the German government also calling for a European carbon floor price. Rising generation costs have made a much better...

Key Factors For Every Organization To Minimize Human Error

Unfortunately, even motivated employees can become quite inefficient once human error comes into play. 4 key factors for every organization to minimize human error. 7 ways to minimize errors when designing tools and...

Contractual & Charter party Issues

IMO’s mandatory short term goal-based technical and operation measures for the reduction of greenhouse gas (GHG) emissions. Regionally, the EU’s ‘Fit for 55’ package also seeks to regulate the shipping sector's carbon footprint. ...

[Watch] Freighter Beached by Storm

General cargo ship beached by storm late Nov 30 in Unten Port area, East China sea, reports Maritime Bulletin. What happened? General cargo ship was beached by storm late Nov 30 in Unten Port area, western...

World’s First Molecular Microprocessor Released

You don’t have to wait to get sick to be tested. But you can test every day, for everything, everywhere. It has submitted research for peer review in a scientific journal. Mola said...

Key Market Indicators in Asia Crude Oil

Crude oil markets showed resilience at the start of the Nov. 29-Dec. 3 trading week, after free-falling at the end of the previous week as the emergence of a new and highly infectious strain...

Urea Carrier Catches Fire

Urea carrier suffered fire in engine room at 0715 WIB (UTC +7) Dec 1,  reportedly in load, reports Maritime Bulletin. What happened? Urea carrier suffered fire in engine room at 0715 WIB (UTC +7) Dec 1,...

Key Market Indicators in Asia Middle Distillates

Asian middle distillate markets started the Nov. 29-Dec. 3 trading week on a softer note as news of increasing supplies amid an unviable arbitrage economics, and concerns over the new Omicron variant of the...

Hyundai Glovis Fined $3m for ‘MV Golden Ray’ Pollution

State environmental regulators are proposing a $3 million fine for the Hyundai Glovis Co. logistics and shipping firm after a cargo ship carrying vehicles capsized and polluted ocean waters off the Georgia coast, reports...

UK To Expect Hundreds Of Confirmed Omicron Cases

Scientific advisers are bracing themselves for hundreds of UK cases of the Omicron Covid variant to be confirmed in the next week or so, the Guardian has learned. Evidence of community transmission also...