The Shipping Industry Could Face A Labor Shortfall by 2025
There are dozens of ships anchored off the ports of Los Angeles and Long Beach this week, imperiling global supply chains and holiday gifts. Also imperiled?
Without action from supply-chain companies, their customers...
Crowd Surge At Astroworld Music Festival In Houston Kills 8 People
A crowd surge at a Houston concert left eight people dead and dozens injured.
Officials said they will investigate key causes and what could have been done to get attendees out of harm's...
[Infographic] Tight Global Gas Markets Drive Asian Spot LNG Prices
An unprecedented surge in European natural gas prices and tight global gas supply have propelled Asian spot LNG, reports Platts.
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Source: Platts
Scarce HSFO Highlights Disconnect From Bunker Fuel Market
Limited availability of high sulphur fuel oil in Northwest Europe has kept the barge market in the region backwardated, while weak buying interest for bunkers has shown up a disconnect between the two markets,...
QatarEnergy Orders 6 LNG Ships for Fleet Expansion
Order is first batch under 2020 agreement
Order placed with Daewoo and Samsung
Qatar boosting LNG capacity to 126 million mt/year
QatarEnergy has ordered six LNG ships from two South Korean shipyards, the first...
ClassNK Releases New Tool To Evaluate Propulsion Requirements
Leading Classification Society ClassNK has released “PrimeShip-GREEN/MinPower ver.2.0” to help shipyards comply with IMO guidelines for minimum propulsion power to maintain the manoeuvrability of ships in adverse conditions, reads an official press release.
Propulsion power...
Shippers Reap ‘Record’ Quarterly Profits Despite Supply Chain Chaos
Nippon Yusen and Kawasaki Kisen Kaisha, Japan's biggest and third-biggest shipping companies, show record quarterly profits as they benefited from higher freight rates amid the chaos hitting global supply chains, reports Reuters.
Soaring freight rates
The...
Will Musk Sell 10% of Tesla Stocks To Avoid Taxes?
Tesla CEO Elon Musk is asking on Twitter whether he should sell 10% of his stock in the electric-vehicle company amid pressure in Washington to increase taxes on billionaires like him, reports abc news.
Unrealized...
World’s First COVID Case in Hyenas
Two hyenas at the Denver Zoo have tested positive for the coronavirus, the first confirmed cases among the animals worldwide, a national veterinary lab announced Friday, reports U.S.News.
Hyenas tested positive
Samples from a variety of...
All About COVID: From Vaccine Mandate Decision to Reunited Couple
Here are five things you need to know about the coronavirus pandemic this Sunday morning, reports BBC.
A "national mission" to ensure a normal Christmas
People should get their booster of a Covid vaccine to avoid...