Russian Firms Rush To Open Chinese Bank Accounts As Sanctions Bite
The Moscow branch of a Chinese state bank has seen a surge in inquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as the country’s businesses struggle...
Biden Targets Container Lines for ‘Overcharging’
US President Joe Biden’s State of the Union Address singled-out shipping lines as anti-competitive in raising freight rates by over 1000%, which the industry described as “unfounded” allegations, reports Seatrade Maritime News.
Capitalism needs competition...
NYK & Partners Complete ARLFV Concept Design
Nippon Yusen Kabushiki Kaisha (NYK), MTI Co., Ltd. (MTI), and Finnish maritime consulting and engineering firm Elomatic have completed the development of a concept design for an ammonia-fuel ready LNG-fuelled vessel (ARLFV), reads a...
MOL Launches Japan’s 1st LNG-fueled Ferry
Japan’s first LNG-fueled ferry has been launched and named at a local shipyard, shipping company Mitsui O.S.K. Lines (MOL) said.
First of two LNG-powered ferries
The naming and launching ceremony for Sunflower Kurenai took place at...
Russia-Ukraine War: Casualties Mount, Major Cities Under Siege
Casualties were climbing on both sides as Russia's ferocious assault on its neighbor entered a second week Thursday, reports USA Today.
Russian troops killed
Russia acknowledged that nearly 500 of its troops have been killed in...
The End Of Russian Grand Prix Contract
Formula One has terminated its contract with the Russian Grand Prix official promoter Ano Rosgonki, it said in a statement Thursday, reports NBC News.
Ending the contract
“Formula 1 can confirm it has terminated its contract...
Fitch, Moody’s Slash Russia’s Sovereign Rating To Junk
Russia has unleashed an invasion of Ukraine after months of massing troops near its borders. The military action, ordered by Russian President Vladimir Putin on Feb. 24, amounts to a full-scale invasion, says Ukrainian...
Poor Air Quality Increase The Threat Posed By COVID
The World Health Organization has declared air pollution a major public health emergency.
Breathing toxic air can lead to a compromised immune system and increased risk of chronic health conditions.
People exposed to...
Permanent Solution For Rudder Cavitation Damage
Seaspan has, to date, applied Ecoshield to rudders and other running gear on over 65 vessels in their fleet.
Over the last several years, the containership industry has focused on maximizing economies of...
Containership Orderbook Hits All Time High
The containership orderbook is about to hit an all-time high, elbowing out most other ship types, bar LNG, to take the lion’s share of building slots at leading yards across Asia, says an article...