Tanker Ship Collision Spilled 9,400 Tons of Oil, Says Report
According to a government report, a tanker collision off China’s east coast last April leaked about 9,400 tons of oil into the Yellow Sea and caused economic losses of 6.2 billion yuan ($973 million),...
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 to underperform their increasingly lofty oil production targets, with the...
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 biggest retailers, though they said bottlenecks should ease later in...
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 challenge of decarbonisation.
Tangible path for decarbonisation
Responding to a challenge thrown...
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 of the existing ships with newbuilds, reports Tank News International.
As...
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, Secretary of the US Department of the Interior. The groups...
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 online signing ceremony.
MOL's role includes studying specifications of liquefied...
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 peak in July 2021.
Amazon declined to provide an estimate...
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 received IMO approval for the BIO-SEA M-Series in September 2021.
...
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 crisis of 2008, the global economy has experienced tremendous growth...