Business

Ut wisi luctus ullamcorper. Et ullamcorper sollicitudin elit odio consequat mauris, wisi velit tortor semper vel feugiat dui, ultricies lacus. Congue mattis luctus, quam orci mi semper

EUROPEAN INVESTMENT BANK TO STOP FINANCING FOSSIL FUEL PROJECTS

17 nov 2019 The European Investment Bank (EIB) will end financing for fossil fuel energy projects from the end of 2021 in a move to aligning all its financing activities with the goals of the Paris Agreement. EIB Group financing will unlock EUR one trillion ($1.1 trillion) of climate action …

Read More »

U.S. NAVY TESTS OUT EXOSKELETON TECHNOLOGY

16 NOV 2019 The Naval Undersea Warfare Center (NUWC) Division, Keyport is looking to take a load off the shoulders of the Navy’s sailors and civilian workforce by testing out everyday applications for exoskeleton systems. Human Assistive Technology (HAT) is the development and use of technology to reduce strain a …

Read More »

U.S. COAST GUARD INTERDICTS SEMI-SUB CARRYING $70M IN COCAINE

15 NOV 2019 On October 23, the crew of the U.S. Coast Guard Cutter Harriet Lane intercepted a suspected semi-submersible smuggling vessel in international waters of the Eastern Pacific Ocean and seized more than two tonnes of cocaine. The crew of a maritime patrol aircraft alerted the Harriet Lane to the suspect vessel’s presence, …

Read More »

NOAA PLANS TO STOP PRODUCING TRADITIONAL PAPER CHARTS

14 NOV 2019 On Friday, the U.S. National Oceanic and Atmospheric Administration’s Office of Coast Survey announced plans to phase out the production of all traditional paper nautical charts. Over the next five years, NOAA says that it plans to transition to electronic chart (ENC) products with a focus on improving data …

Read More »

SPIKE IN OIL-TANKER RATES MAY BE OVER, BUT A BOOM IS COMING

13 NOV 2019 A surge in the cost of hiring oil tankers last month may already seem like a distant memory, but the rally was enough to convince analysts monitoring the industry’s fortunes that a couple of boom years are on the way. Daily earnings for very large crude carriers, …

Read More »

ITF CALLS FOR ACTION ON GULF OF GUINEA PIRACY

12 nov 2019 Following back-to-back attacks on two vessels in the Gulf of Guinea last week, the International Transport Worker’ Federation has called for urgent global and regional cooperation to fight piracy off West Africa. On November 2, pirates kidnapped nine crewmembers from the Norwegian-flagged MV Bonita while the vessel …

Read More »

IMO RELEASES HARMONIZED DATA STRUCTURE

11 nov 2019 The IMO has made its compendium of data structures available as a tool for software developers to create systems for exchanging data electronically. The aim is to facilitate the streamlining of the many administrative procedures necessary when ships enter or leave port. The IMO Compendium is a …

Read More »

CLIMATE-DRIVEN SPEED LIMITS WOULD ALSO BENEFIT WHALES

10 nov 2019 A new report commissioned by the NGOs Seas at Risk and Transport & Environment suggests that a modest reduction in vessel speed would greatly reduce shipping’s impact on human health, the climate and the marine environment. Ship speed reduction is one of the largest single interventions available …

Read More »

1,000 FEEDER SHIP TO TEST CARBON-NEUTRAL SYNTHETIC NATURAL GAS

08 NOV 2019 The 1,036-teu containership Wes Amelie will become the first ship in world to trial carbon-neutral synthetic natural gas on a voyage set to take place in 2020. During the trial, Wes Amelie will replace a share of the LNG used during a roundtrip voyage with SNG produced …

Read More »

WORLD POWERS TIE UP FOR NAVAL FORCE TO POLICE MIDEAST OIL ROUTES

07 NOV 2019 An MH-60S helicopter hovers in the air with an oil tanker in the background as the USS John C. Stennis makes its way to the Gulf through the Strait of Hormuz, December 21, 2018. REUTERS/Hamad I Mohammed/File Photo By Verity Ratcliffe (Bloomberg) –A U.S.-led coalition created to …

Read More »