Oil Companies Pledge Net Zero Target

Net-zero target includes Scope 1 and 2 emissions. Says more answers needed to achieve Paris climate targets. Plans to end "routine" gas flaring by 2030. A Platts news source by Robert Perkins says that...

Seafarers Feel Broken, Port States Unfair Treatment

The shipping industry is putting increasing attention and focus on decarbonization. The crew change crisis has not ended, and vessel operations are still heavily dependent on thousands of dedicated seafarers. A recent news article...

CMA CGM Data Hacked Again!

  CMA CGM has suffered another cyber attack in less than one year from the previous security breach. It has hit the company's peripheral servers and caused severe challenges in its Information Technology (IT) infrastructures. A...

Article 6 May Trigger a Split in Carbon Finance Market

Policymakers meeting at the United Nations Climate Change Conference, or COP26, in Glasgow will be held in November  A tense debate on whether or not private buyers of carbon credits should also be...

Consequences of Port Closure Due to COVID-19

Freight rates and port congestion levels increase due to  Port closures caused by COVID-19 outbreak Fleet growth is expected to slow down in 2022 BIMCO expects the container market will remain strong well...

Is China Already The World’s Most Dominant Economy?

Men 2010, when President Barack Obama welcomed his Chinese response to the summit in Washington, DC, He greeted him with a handshake and a quick, shallow dip in his head. An image of the US...

Vigilance At Sea Scare Off Pirates

The vigilance of the Multinational Maritime Coordinating Centre has scared away activities of more than 16 vessels on the Gulf of Guinea suspected to be pirates, says an article published on a graphic online...

Bell From Columbus’ 1st Voyage to be Sold at Private Auction in Miami

The bell from Santa Maria that had been missing for more than 400 years will be auctioned off at South Florida city Portugal’s attempts to take possession of the bell eventually failed in...

Wärtsilä To Supply Compact Reliq for 3 New LNG Carrier Vessels

The technology group Wärtsilä will supply three reliquefaction plants, the newly developed Compact Reliq, for three new LNG Carrier vessels. The ships are being built at the Hyundai Samho Heavy Industries (HSHI) shipyard in South...

Wärtsilä Sells Tank Control Systems Company

The technology group Wärtsilä announces the divestment of Wärtsilä Tank Control Systems business to Svanehøj. It is a Danish gas pump specialist involved in the design and manufacture of specialised deep well pump...