Business

16 JULY 2021 Climate change has already increased the frequency and severity of hurricanes and other extreme weather events around the world. But there’s a smaller, less splashy threat on the horizon that could wreak havoc on America’s coasts. High-tide floods, also called “nuisance floods”, occur in coastal areas when tides reach about …

15 JULY 2021  The volumes of new ship orders received by South Korea’s shipbuilders hit a 13-year high during the first half of 2021. The South Korean Ministry of Trade, Industry and Energy released the shipbuilding statistics saying that the strong orders were contributing to a rebound in the country’s …

14 JULY 2021 You’d be forgiven for being confused about whether or not you should eat fat. For a long time, people were told to stay well away from it entirely. But lately, fat seems to be back on the table – but only certain types of fat. With so …

13 JULY 2021 For four years between 2015 and 2019, roughly 2,500 Icelanders were involved in two major experiments to see how a shorter working week would affect productivity. Now the results are in – and the experiments seem to have been a resounding success. Some key points: reducing a …

12 JUL 2021  The ICC International Maritime Bureau (IMB) reported that the incidents of piracy and armed robbery are at their lowest levels in 27 years. The organization, which was founded in 1991, said that during the first half of 2021, it received the lowest number of reported incidents for …

11 JULY 2021  In the early hours of Sunday morning, the container ship Zephyr Lumos collided with the bulker Galapagos off the port of Muar in the Strait of Malacca, badly damaging the Galapagos.  The Malaysian Coast Guard received a distress call from Zephyr Lumos reporting a collision at three minutes after midnight on Sunday morning, according to …

12 JUL 2021 German terminal operator Hamburger Hafen und Logistik AG (HHLA) has unveiled a new concept for a hyperloop-based containerized freight transport system. Developed in collaboration with the startup Hyperloop Transportation Technologies (HyperloopTT), the new system is designed to shuttle boxes between seaports and inland destinations at airplane speeds …

11 JULY 2021  Shipping companies are projected to defy huge operational disruptions ignited by COVID-19 pandemic, port congestion and container shortage to post a cumulative profit of $100 billion in 2021. Global shipping consultancy Drewry reckons in its latest Container Forecaster report that 2021 will be the first year in …

10 JULY 2021  Maritime industry opportunities exist amid the challenges of reducing our nation’s greenhouse gas emissions The daunting challenges of the maritime industry as it contends with climate change will arguably be the most important we have ever faced. We are at a serious inflection point, and I am …

09 JULY 2021  SINTEF researcher Andrea Gruber crunches numbers – with good help from the supercomputer Betzy. With an infinity of calculations that are linked together, the researchers now provide answers to what is needed for the well-known chemical ammonia to become a climate solution for large parts of shipping. The …