Business

07 JULY 2022  More than five years after being indicted on charges of accepting bribes in the now famous “Fat Leonard” case, four retired captains of the U.S. Navy were convicted but the jury failed to decide the case of the senior-most defendant. The U.S. Department of Justice has not …

06 JULY 2022 The Ukraine war is at a strategic turning point. As the Russian offensive intensifies in the Donbas without resulting in any substantial gains, western leaders warn that the war will be long, and supporting Ukraine must be sustained in the long term. At the same time, a less …

05 JULY 2022  The maritime industry is not currently on track to meet the IMO ambition for a 50 percent cut in greenhouse gas emissions by 2050, even under favorable assumptions, according to a new study released by think tank Nordic West Office. The study suggests that this target could eventually be …

04 JULY 2022  Major ports in Europe are grappling with a warehousing and storage capacity crises due to Russia and Ukraine cargo pile up, a situation that has disrupted container shipping operations and thrown global value chains into disarray, the UN Conference on Trade and Development (UNCTAD) has said. UNCTAD, …

03 JULY 2022 The captain and chief mate of a bulk carrier have been fined after pleading guilty to steering the ship through a protected area of the Great Barrier Reef. The incident took place in March involving 289-meter MV Sea Coen, which is registered in the Marshall Islands, and …

03 JULY 2022  On Sunday, the captain of a fishing vessel went over the side without a life jacket off Panama City, Florida, and managed to stay afloat for four hours before a good samaritan arrived to rescue him.  At about 0400 hours on Sunday morning, Coast Guard Sector Mobile …

04 JULY 2022 Now famous for providing the engine for a variety of ‘hidden’ digital currency systems such as Bitcoin, blockchain (or Distributed Ledger Technology) describes a computerized process intended to make databases more egalitarian, transparent, and virtually tamper-proof. While this is an ideal outcome, arguments remain over whether the technology actually …

03 JULY 2022 With every breath we take, we are connected to the ocean. The planet-defining blue covers more than 70 percent of the Earth’s surface, providing half of its oxygen, stabilising our global climate and weather system, and providing food and livelihoods for billions of people. A healthy ocean is …

02 JULY 2022  As the Second Global Ocean Conference opens in Lisbon, governments in Asia and the Pacific must seize the opportunity to enhance cooperation and solidarity to address a host of challenges that endanger what is a lifeline for millions of people in the region. If done Right Ocean action will …

29 JUN 2022  On June 25, the shipping industry observes the Day of the Seafarer. It could not come at a better time, as seafarers continue to face systemic welfare challenges. The war in Ukraine and the ongoing pandemic have made conditions even more difficult for many. While the Day …