US Banks Set Aside Cash in Anticipation Of Loan Losses

U.S. banks reported positive loan loss provisions in the 2022 fourth quarter, demonstrating caution in the face of an uncertain macro environment. Almost half...

Making Sustainable Aviation Fuel from Wood

Nippon Paper Industries Corp (3863.T), Sumitomo Corp (8053.T) and Green Earth Institute Corp (9212.T) agreed on Friday to jointly study bioethanol production made from woody biomass, Nippon...

International Maritime Industries Inks $346m Deals

International Maritime Industries (IMI), the largest shipyard in the region, has signed 10 agreements worth up to SR1.3 billion ($346 million) at this year’s...

Preem Inked Time-Charter Agreement With Sirius Shipping

Sweden fuel company Preem has signed a time-charter agreement with Sirius Shipping for its eco-friendly tanker to supply green feedstock and renewable commodities, says...

Weekly Baltic Index Report

The Baltic Exchange's main sea freight index, says an article published on XM. Tracking rates for ships BADI, tracking rates for ships carrying dry bulk commodities,...

Steel Cutting Ceremony Of 2 Multi-Purpose Vessels

Bejoy Bhaskar, Director (Technical) and Sreejith K Narayanan, Director (Operations) of Cochin Shipyard Limited inaugurated the steel cutting ceremony of two Multi-purpose Vessels for...

Suspected Chinese Surveillance Balloon Knocked Down By US Military

The U.S. military on Saturday shot down a suspected Chinese surveillance balloon. The high-altitude balloon was initially spotted over Billings, Montana, on Wednesday. ...

Man Trying To Save The World From Toxic Conspiracy Theories

‘Science doesn’t have all the answers,’ says van der Linden. ‘Scientists make mistakes; sometimes not all the pieces of the puzzle fit together.  ...

‘Spicy Secrets’ Of 1495 Shipwreck Revealed by Divers

Fascinating spices were status symbols among the mediaeval Scandinavian aristocracy. The cause of the sinking remains unexplained, because the maritime archaeologists have found...

Weekly Gas Report – Week 5, 2023

LNG The BLNG1g route Australia to Japan fell by $7,729 per day this week to publish at $66,605. Slightly lower daily losses were seen in...