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DAMEN HALTS DELIVERY OF NEWBUILDS TO RUSSIA

11 MAR 2022  Netherlands-based shipbuilder Damen has decided to stop deliveries of new vessels to clients in Russia due to the ongoing invasion of Ukraine. The firm told Dutch media that it expects that the decision will have a measurable impact on the company’s earnings. “It is a significant amount,” …

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MONTREUX CONVENTION, AND WHAT DOES IT MEAN FOR UKRAINE?

10 MAR 2022   As bad as the Ukraine war is so far, an international agreement signed in 1936 is preventing it from getting even worse. The Montreux Convention Regarding the Regime of the Straits gives Turkey control over the water route between the Black Sea – home to a major Russian naval …

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FELICITY ACE SINKS WITH $400M IN LOST CARS DURING TOW OFF AZORES

08 MAR 2022 The car carrier Felicity Ace transporting nearly 4,000 cars for the Volkswagen Group sunk this morning, March 1, near the Azores, nearly two weeks after the vessel was devastated by a fire. Salvage crews had been working to tow the vessel after securing a line last Friday, February 25. …

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WHEN SEA LEVEL RISE TRULY BEGAN ACCELERATING-STUDY HAS FOUND THE YEAR

09 MAR 2022 A global analysis of sea levels over the past 2,000 years has found a rapid rate of increase in line with the Industrial Revolution. By 1863, researchers found the rate of sea level rise had clearly surpassed background variability. Unsurprisingly, it’s around this time that the first …

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STUDY OF OVER 1 MILLION PEOPLE REVEALS HEART ATTACKS CAN REDUCE PARKINSON’S RISK

08 MAR 2022 We know the devastating effects Parkinson’s disease can have, but scientists are still trying to figure out how it gets started and how to cure it. Some new research may have found helpful clues, linking having a heart attack with a lower risk of developing Parkinson’s later. The drop …

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AS PRICE OF LI-ION BATTERIES RISES, SHIPPING HAS OTHER GREEN OPTIONS

07 MAR 2022  During early January 2021, lithium salt from Australian mines brought a market price of just under $9,600 per metric ton. A year later during January 2022, the price of lithium salt had risen to over $50,000 per metric ton with the February price at $59,000. The market …

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NEXT GENERATION OF THE A.P. MØLLER FAMILY TAKES THE HELM AT MAERSK

06 MAR 2022  The next descendant of shipping legend A.P. Møller is moving up to take the helm at the world’s second-largest ocean carrier. Robert Maersk Uggla, son of A.P. Moller – Maersk Vice Chairman Ane Maersk Mc-Kinney Uggla and great-grandson of company founder Arnold Peter Møller, will be the new chairman of …

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NEWLY INVENTED CATALYST DRAMATICALLY INCREASES THE EFFICIENCY OF TURNING CO2 INTO FUEL

05 MAR 2022 It took nature decades of photosynthesis, followed by eons of intense heat and pressure from geological activity to bake atmospheric carbon dioxide into the long chains of hydrocarbon that make up fossil fuels. We don’t have the luxury of millions of years to mop up the excess …

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IMO CALLS EXTRAORDINARY SESSION AS SEAFARERS REMAIN CAUGHT IN UKRAINE

PUBLISHED MAR 4, 2022 12:50 PM BY THE MARITIME EXECUTIVE Responding to international calls for action, the UN’s International Maritime Organization announced that it will convene an extraordinary council session to address the impacts on shipping and seafarers of the situation in the Black Sea and the Sea of Azov. The …

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IRON OF EARTH’S INNER CORE COULD BE IN A STRANGE ‘SUPERIONIC’ STATE

03 MAR 2022 Deep below the crust of Earth, past the thick mantle and liquid outer core, lies a 1,220-kilometer (760 mile) ball of solid inner core. But a new study has suggested that the inner core is not solid at all, instead forming a ‘superionic state’ with hydrogen, oxygen, and …

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