New Fortress Seals $725m Shipping Term Loan Facility
US-based New Fortress Energy has executed a term loan facility of up to $725m secured by eight of its vessels, says a press release published on their website.
Borrowed $430 initially
The company said it has...
Bank of America Lowered Its Forecast for China’s Economic Growth
The world’s No. 2 economy is flashing numerous warning signs, reports The New York Times.
Flashing warning signs
Investors are watching whether the property developer defaults. But in the background, the world’s No. 2 economy is...
The Two Worst Hit Pandemics: COVID-19 and The Spanish Flu
COVID-19 pandemic is most likely the deadliest outbreak in recent American history, exceeding the estimated deaths from the 1918 influenza pandemic, says an article published in News medical life sciences.
About the Spanish flu
In 1918,...
Imminent COVID-19 Death Toll Predictable But Preventable
Dozens of states reported rapidly increasing fatalities
Vaccine hesitancy is decreasing
Hospitals struggle to manage increase in admission
As many as 100,000 new Covid-19 deaths in the US by December is “predictable but preventable”,...
Döhle Group Installs Faster Connectivity Solution On 100 Plus Vessels
Döhle Group, one of the major ship owning & management companies in the world, has partnered with Navarino.
It is a major technology connectivity project that will see Inmarsat Fleet Xpress (FX) and...
7 Workers Die in Ship Recycling Industry, Safety Rules Flouted
Last week, NGO Shipbreaking Platform warned of the need for enhanced safety measures in the ship recycling industry due to rising numbers of fatal accidents and injuries.
Seven workers have died while dismantling...
Lloyd’s Register, KSOE & HHI Sign An MoU
Lloyd’s Register (LR), Korea Shipbuilding & Offshore Engineering (KSOE), and Hyundai Heavy Industries (HHI) sign a MoU at Gastech 2021, Dubai.
It aims at developing digital twin technology to support the digitalisation of...
China Achieves High Oil Product Yield Amid Tough Times
Independent refineries report oil product output properly.
Fuel oil production surges.
Jet/kerosene output slumps to 16-month low.
A Platts news source by Oceana Zhou states that Chinese refineries maintain high oil product yield despite...
Container Ship Under Quarantine, After Covid 19 Outbreak
MSC 12,500 TEU ship out of service schedule, 15-day quarantine, says a news article published in the Maritime Bulletin by Mikhail Voytenko.
MSC LAUREN under quarantine
Container ship MSC LAUREN was put under quarantine upon arrival...
US Urges Countries To Support Methane Pledge For Global Emission Reduction
US, EU urge countries to join pledge ahead of COP26.
Some say nations should aim higher than 30% reduction.
Industry groups point to commitments on methane cuts.
US President Joe Biden is seeking buy-in...