NYK Line Issues First Transition Bonds in Japan

NYK announced the below items and conditions for the issuance of its 43rd and 44th unsecured corporate bonds (transition bonds) within the Japanese domestic market, becoming Japan’s first company to issue such bonds, says...

KCC Signs A New Contract of Affreightment

Klaveness Combination Carriers ASA("KCC") has signed a new Contract of Affreightment for its CLEANBU fleet with a major international charterer in the tanker market. The contract for shipment of clean petroleum products (CPP)...

Researchers Hope Drones Will Make Hurricane Forecasts Clearer

Federal government researchers are hoping the key to making hurricane forecasts suddenly clearer and more accurate just floated out to sea a week ago from Jacksonville, says an article published on CBS Miami website. Saildrone Saildrone...

Two Bulkers Collide in China

2020 Bulkers and RB British Marine bulk carriers collide in China, says a Splash 247 news report by Adis Ajdin. What happened? Norway’s 2020 Bulkers informed that its vessel, Bulk Shenzhen, was involved in a collision with...

Chemical Leak At the Dangerous Cargo Area Mitigated

The Sri Lanka Ports Authority (SLPA) took successful measures to quell a chemical leak from a container onboard MV Seaspan Lahore at Colombo Port on 29 July. This vessel, which was sailing from...

COVID-19 Virus Leaked from China Lab, Says U.S. Republicans Report

A preponderance of evidence proves the virus that caused the COVID-19 pandemic leaked from a Chinese research facility, said a report by U.S. Republicans. The report was released on Monday, a conclusion that...

Easing UK Controls for Vaccinated Arrivals Spark Concerns

The first passengers have been arriving in the UK after rules changed to allow people fully vaccinated in the US and EU to avoid quarantine. The change, which came in at 04:00 BST,...

COVID State of Emergency Expands Amid Peaking Gasoline Demand

August gasoline demand rises 1-2% on year Daily COVID-19 infections hover around record-high levels Japan's gasoline demand in August is set to slow down after the state of emergency that was imposed in Osaka...

Carbon Management Plan To Decarbonise Offshore Wind Sector

Class-leading OESV operator Seacat Services (Seacat) sets the standard for low-emissions offshore wind support as the first business to adopt the Carbon Management Plan, reads the company website. It is a first of its kind...

Iraq’s Oil Capacity Expansion Plans at Risk

Iraq's oil production as the country's standoff against international oil companies may put its capacity expansion plans at risk. Also worth following this week are falling iron ore prices, waning fuel-switching capacity in...