Business

19 JAN 2022  Responding to the release by Danish prosecutors of three Nigerians accused of acts of piracy against commercial shipping, Bimco released a statement on behalf of the shipping industry calling for countries in the Gulf of Guinea region to take responsibility and step-up prosecution efforts when pirates are …

18 JAN 2022  When the coronavirus crisis erupted in 2020, it became apparent that the medical emergency was accompanied by severe shortages, especially in some medical devices. The pattern was first observed for ventilators: demand spiked everywhere and the supply chain was disrupted. This was because production of the devices spanned …

17 JAN 2022  There was a brisk wind blowing off Canada’s Pacific coast as the small boat approached the beach on its perilous mission. Cold, salty sea-spray was blowing back, stinging the faces of the volunteers as they were trying to steady themselves along with their burlap bags and equipment, …

16 JAN 2022 The Palo Alto-based energy think tank EPRI has released a novel proposal to manufacture green fuels using electricity from a small nuclear power plant – at sea. EPRI’s researchers suggest that the shipbuilding industry’s know-how could be combined with next-generation reactor technology to build floating fuel stations at a …

15 JAN 2022  While there has been extensive attention on how increased shipping times, congestion at the ports, and backlogs along the supply chain were leading to short supplies that consumers were experiencing, the delays were also further adding to retailers’ total cost of goods. A new analysis from project44, …

14 JAN 2022  The latest numbers from the Neptune Declaration on Crew Change appear to show good news for seafarers: The number of mariners working on an extended contract has fallen to its lowest level since at least May 2021, a major improvement in a key metric for morale. Out of a sample …

15 JAN 2022  Orders for new LNG-fueled ships reached record highs in 2021 as shipowners look for near-term solutions to meet environmental regulations and improve the performance of their fleet. Orders were placed for all the major segments of shipping with penetration increasing in the major categories. At the same …

14 JAN 2022  The Australian Labor Party has revived plans for the creation of an Australian flagged “strategic fleet” of at least 12 ships to shield the country from supply chain disruption, especially during times of natural disaster or international conflict. The opposition leader and head of the Labor party, …

13 JAN 2022  A design and engineering team based in the Netherlands introduced its new design concept for what it is calling a future proof small general cargo ship suited for river and coastal operations. They also said an initial order has been placed for six of the ships which …

12 JAN 2022  On Monday, the USS Abraham Lincoln departed San Diego with her escorts, becoming the first nuclear-powered carrier to deploy under the leadership of a female commanding officer. Capt. Amy Bauernschmidt, the first female carrier CO in Navy history, took command of Lincoln last August, relieving Capt. Walt “Sarge” Slaughter. Bauernschmidt was also …