All You Need To Know About Travelling To UK During Omicron

All countries have now been removed from the UK's travel red list, reports BBC. What are the UK's rules now? Before departure all travelers to the UK aged 12 and over have to show proof of...

Global Upstream To Face ‘Peak Uncertainty’ in 2022, Says WoodMac

The oil and gas sector will continue to rebound in 2022, reports Offshore Energy quoting Wood Mackenzie. But the positive outlook will be tempered by concerns about its future. Implications of COP26 pledges In its Global Upstream...

Foreign Ships Burdened By $1.9bn Extortion

Foreign ships transiting to Nigeria and other countries in the Gulf of Guinea are spending $1.9 billion yearly on kidnappings and ship seizures, reports New Telegraph. Hot spot for piracy About 1,500 fishing vessels, tankers and...

Retailers That Charter Their Own Cargo Ships, A Better Buy?

Chartering ships is expensive but helps to bypass the current supply-chain bottlenecks. Several companies are going into the holiday season with robust inventories thanks to this strategy. Some data from retailers without chartered...

Multiple Spot Indices Confirm Rise of Shipping Costs

Multiple spot rate indexes confirm that shipping rates remain historically strong, reports Freight Waves. Historic rate boom The container shipping market calls to mind a famous Mark Twain misquote: “Reports of my death have been greatly...

ABS Awards AiP for K Shipbuilding’s Methanol-ready Design

ABS awards AiP for a methanol fuel-ready medium range tanker design by K Shipbuilding says a press release published on Newscision website. About the AiP The AIP is the culmination of a five-month joint development project...

As Market Fundamentals Flip, LNG Prices Fall Lower

Asian spot LNG prices have dropped below those in Northwest Europe in a rare occurrence as European gas supplies have tightened further heading into peak winter, while Asian utilities remain on the sidelines...

Passenger Traffic Harmed By Quarantine Laws

Hong Kong flag carrier Cathay Pacific carried 70,047 passengers in November, up 85.2% year on year, but down 97.3% compared with the pre-pandemic level in November 2019, the airline said Dec. 14, showing...

Toward Faster Development Of Safer Autonomous Ships

Establishment of a Development Platform for an Automatic Navigation System and Development of Element Technologies for the Automatic Navigation System. Autonomous ships, which are rapidly being developed worldwide in recent years. Aim to...

Omicron Threatens Crude Oil Futures, Reports OPEC

Crude oil futures declined in mid-morning trade in Asia Dec. 14, as recent reports showing a growing impact from the COVID-19 omicron variant threat overshadowed a bullish outlook from OPEC's latest monthly report, reports...