$6trn Effort For Decarbonization in Shipping Industry
The cost estimates were included in Ricardo Energy & Environment’s report on Technological, Operational and Energy Pathways for Maritime Transport to Reduce Emissions Towards 2050 for OGCI/Concawe.
The 250-page report explored the future...
Higher Vaccine Sales Even As COVID Boost Wanes
AstraZeneca has started earning a modest profit on the vaccine.
with sales of $3.9 billion, was AstraZeneca's second best-selling product last year, behind only lung cancer drug Tagrisso.
The company beat fourth-quarter earnings...
Soda Can-Sized Battery To Reduce The Production Cost
Elon Musk announced a revolutionary battery design that measured no larger than a soda can.
Musk revealed he was in discussions with the company's existing supplier, Panasonic, to source the battery but the...
Amidst Russian Gas Concerns, Japan Diverts Extra LNG To Europe
The move is intended to help address fears that Russia might turn off the taps on Europe's natural gas supply in the event of an invasion of Ukraine.
Some of these contracted volumes...
This Sea Becomes The Worst Plastic-Polluted Seas On Earth
According to a recent World Wide Fund (WWF) for Nature report, the Mediterranean Sea has become one of the worst plastic-polluted seas on Earth. The massive accumulation of microplastics has a serious impact on...
Crude Oil Futures Prices Consolidated After Overnight Climb
Crude oil futures were mostly steady in midmorning trade in Asia Feb. 10 as prices consolidated after draws in US crude oil and refined products stocks last week, while eyes remained on the progress...
Keppel Reels in $186M in New Contracts
Singapore’s Keppel Offshore & Marine, through its subsidiary Keppel Shipyard, has been awarded contracts worth around S$250m ($186m) for the conversion of floating storage and regasification unit (FSRU) the integration of floating production storage...
Container Line Reliability To Take 8 – 9 Months To Recover
An improved container line schedule reliability is a key element in reducing supply chain disruption.
Recovery would take at least 8 – 9 months and is yet to start.
Overall container line schedule reliability...
Experts Raise Alarm About Plastic Lost in Cargo Ship Disasters
Container ship accidents at sea should be considered the “oil spills of our time”, reports the Guardian quoting environmental organisations that found a toxic mix of metals, carcinogenic and other harmful chemicals on plastic...
Shipping News Makes Grim Reading for Central Banks
Denmark’s shipping magnates are on a different wavelength to central bankers, reports Reuters.
Bumper year of profits
A.P. Moller-Maersk (MAERSKb.CO) read more and DSV (DSV.CO), two of the biggest names in global logistics, on Wednesday predicted...