Oil Prices Escalate in Response To Supply Cuts
Front-month Brent crude futures rose to $66.63 a barrel and were up $1.72, or 2.7%, at $66.46 a barrel.
U.S. crude futures for August climbed $1.52, or 2.6%, to $59.99 a barrel, after...
Barcelona, the Worst European Port in Terms of Cruise Ship Pollution
According to a report, the port of Barcelona, a city already overwhelmed by mass tourism, has topped a list of 50 European ports for the amount of air pollution produced there by cruise ships,...
Growth of Desalination Plants a Serious Threat for Marine Life
Desalination is growing so fast that the extra salty waste water it produces is becoming a major threat, says an article published in NewScientist.com.
How many desalination plants are there?
There are now 16,000 desalination plants...
First Woman President of Singapore Shipping Association in 34 years
In a major development, Caroline Yang, the chief executive of bunker tanker company Hong Lam Marine, has been appointed as the first-ever female president of the Singapore Shipping Association (SSA) since its founding in...
Hyundai Seeks Fair Trade Approval for DSME Merger
South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has officially started the process to earn approval from anti-trust regulators for its proposed takeover of Daewoo Shipbuilding and Marine Engineering Co. (DSME), reports MarineLink.
Request...
Container Market Up for Disruptions As Shipping Awaits More Cost Pressure
According to a Reuters report, the U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of armchairs...
Lack of Ambition Threatens IMO Emissions Reduction Targets
A “clear gap” in shipping’s development of low-carbon and zero-carbon fuels and technologies is threatening to derail IMO efforts to curb industry emissions, reports LNG World Shipping.
Report from CDP
A report from UK-based non-profit Carbon...
Lack of Risk Identification Causes Cargo Vessel Collision
What happened?
On the night of October 29, 2015, at 2226 local time, the cargo vessel Ocean Freedom collided with a fleet of moored empty tank barges while entering the Port of Corpus Christi, Texas.
Injuries and...
Jim Beam Warehouse Catches Fire, Destroying 45,000 Barrels of Bourbon!
Firefighters are trying to contain a massive blaze at the Jim Beam warehouse which resulted in the burning of 45,000 barrels of bourbon.
The crew members are trying to contain runoff damage flowing into a nearby...
Price of Bunker Fuel Set To Increase Globally from January 2020!
The price of bunker fuel is all set to rise as more companies are changing towards low sulphur fuel oil mandated by IMO.
This move is expected to increase the gross refining margins (GRMs)...