How Hard Has China’s Inflation Hit The Global Market?

China's inflation headache is getting worse, reports CNN. Soaring prices The cost of goods leaving China's factories surged by another record rate last month, and there are increasing signs that consumers are starting to feel the...

Will Google Keep Up The Trend With Index Now?

A Google spokesperson confirmed that they will be testing the IndexNow protocol for crawling and indexing. Microsoft Bing announced in October the development of a new crawling protocol called IndexNow that promises to...

Countries at COP26 Pledge for Net-zero Shipping Routes

Nineteen countries have signed a declaration to establish “green shipping corridors” — zero-emission maritime routes between two or more ports — in an effort to help the shipping sector decarbonize. The specific green...

Diana Shipping Announces New Distribution Date for Previous Spin-Off

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that in connection with the previously announced spin-off of its wholly-owned subsidiary OceanPal Inc., the Company has changed...

Shipping Industry Must ‘Upgrade’ Decarbonization Targets, Says Lim

Decarbonization proposals could be discussed at MEPC77 Opinion divided over carbon levy or traded instrument Shipping must raise its environmental targets, the International Maritime Organization's secretary-general said during the United Nations Climate Change Conference...

Most of Overboard Containers Are Lost After Cargo Ship Fire

Of the 109 cargo containers that went overboard from the Zim Kingston, a cargo ship that caught fire near British Columbia last month, 105 have not been seen, reports the Seattle Times quoting the...

Berg Partner Up With Yaskawa/The Switch For Electric Propulsion

Berg Propulsion has signed a key supplier and cooperation agreement to provide systems integration capability for Yaskawa Environmental Energy. This unique cooperation underlines the mainstream role we envisage for electric ship propulsion in...

CMA CGM & ENGIE Team Up To Decarbonize Shipping

Support synthetic methane and BioLNG production and distribution industries Launch projects to produce synthetic methane on an industrial scale Share expertise and R&D to facilitate the development of the energy sources of the...

GCM Rises After High Tanker Rates Fuel Swings

Feedgas falls, then rebounds, amid Freeport outage Longer route to Asia via Cape of Good Hope eyed Shifting production levels at home, shipping rates at sea and activity in destination markets spurred back and...

Multinationals Commit To Run Ship On Zero-Carbon Fuel By 2040

A group of nine multinational companies has committed to only using zero-emissions shipping by 2040. The shipping sector currently accounts for approximately 3% of the world's greenhouse gas (GHG) emissions. Shipping firms are...