Commodities Had A Strong Year Amidst Pandemic Fear

China’s impact was most keenly felt was metals, with spot iron ore surging to an all-time high of $235.55 a tonne in May. Copper managed to hold on to much of its gains,...

Maersk Tries An Innovative Ship Design Powered By Gas

In August we told how Maersk had decided on how it would source the 'green' methanol which it clearly sees as one of the fuels of the future. Last week the ocean box carrier announced...

Tanker Sector Continues To Search For Upside

Disparate factors must converge for the market to construct and maintain a recovery in 2022, writes Tim Smith, MSI The search for upside in the tanker sector continues. But there is reason to believe...

How To Improve Business Outcomes And Innovation?

Data-driven organizations seek truth by treating data like an organizational asset, no longer the property of individual departments. Making data securely and easily accessible to employees across the organization—not just data scientists or developers—helps...

In Spite of Successful Vaccination Drive, Many Died in This Country

The year has been marked by the success of the vaccination drive – yet thousands have still died, reports The Guardian. Omicron in UK This time around, the government is pinning its hopes on the booster...

Cargo Ship Docked At Port On Fire, Crew Salvage the Vessel

There was more trouble for the MV Zim Kingston on Tuesday when a fire broke out aboard the container ship. The incident occured when it remained docked at the Port of Nanaimo’s Duke...

LA Port Threatens Penalties for Empty Boxes Pile-up

The spectre of late dwell charges on containers at the prime US port complex receded yet another week yesterday, as the port authorities of Los Angeles and Long Beach deferred a decision until 27...

2021 Global Oil & Gas Discoveries Sink To Lowest in 75 Years

Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds, reports the Edge Markets...

Japan Sets 2050 Net-zero Goal for Shipping

Japan is trying to strengthen its presence in the international maritime sector and has set a target of net-zero greenhouse gas (GHG) emissions by 2050 as a goal for the shipping industry, reports Argus...

Maersk To Expand Into Inland Logistics With $3.6B Deal

Part of Maersk's aim to expand land-based services Price implies LF Logistics value more than doubled since 2019 Maersk aims to more than double revenue at LF Logistics by 2026 Includes 223 warehouses,...