The Race To Become “World’s Largest Economy”

A Japanese study predicted China to surpass the US by 2028 and 2029. But China’s current economic difficulties and US recovery are having an impact. New COVID-19 outbreaks are slowing domestic consumption, which is...

FPS Maas To Run On Hydrogen Bunkers From Q3 2022

The conversion of Future Proof Shipping's (FPS) FPS Maas to run on hydrogen bunkers is slated to take place in the third quarter of 2022. FPS had originally hoped to complete the conversion this month. A...

World’s Largest FSRU To Be Owned By MOL And Vopak

  Vopak will acquire 49.99% of the vessel owning company of MOL that owns a floating storage and regasification unit (FSRU) named MOL FSRU Challenger, to be renamed Bauhinia Spirit. MOL and Vopak will...

41 Year Old Seafarer Wins IMO Award For Bravery

First Vietnamese to win Exceptional Bravery at Sea award: 'It is just humanity that motivates us', writes Jiselle Lee for Yahoo News. IMO Award 2021 The International Maritime Organization (IMO) gave its 2021 Award for Exceptional...

Why Does Omicron Multiply Itself Rapidly?

Omicron multiplies faster in airways, slower in lungs, reports Reuters. How efficiently Omicron and other variants of the coronavirus multiply? Compared to the earlier Delta variant, Omicron multiplies itself 70 times more quickly in tissues that...

UK Warns “2 Epidemics on Top of Each Other” As Christmas Approaches

Chris Whitty has sent a clear message to cut back on socialising in the run-up to Christmas Day, warning that a rise in Covid hospitalisations is “nailed on” after cases hit a record high,...

Gard Signs Poseidon Principles for Marine Insurance

Gard announced its decision to become a signatory to the Poseidon Principles for Marine Insurance (PPMI), a global framework to quantify and disclose the carbon intensity of insurers’ marine hull portfolios. Moving towards decarbonisation “We need...

Early 2022-23 Contract Discussions Witness Surge in Container Rates

Shippers vie for secured space, carriers levy MQC requirement Carriers pushing for multi-year deals, full-scale offering Contracts may include less free time, higher penalties Early term contract discussion ranges for 2022-23 have risen significantly...

Seafarer Unions Launch New Quarantine Protocol Amid Omicron Crunch

Shipowners, seafarers’ unions and maritime employer groups are establishing their own approved international network of quarantine facilities to ensure seafarers can safely join ships, despite unpredictable changes to government border policies, reads an ICS...

Texas Pipeline Company Fined Millions for Illegal Oil Discharge

Houston-based oil company and two subsidiaries were indicted for a crude spill that fouled Southern California waters and beaches in October, an event prosecutors say was caused in part by failing to properly act...