11 APR 2023 As the investment community prepares for the start of earnings season with the first of the reports scheduled to be released as early as next week, speculation focuses on what the outlook is for the shipping industry’s financial results. There has been extensive focus on the dramatic …
Read More »
10 APR 2023 The world is direly addicted to plastics. Try as we might to recycle them, plastics are cheaper to make anew, so unthinkable amounts of plastic waste are dumped into landfill and are clogging up our oceans. From all the new plastics ever made, over 6 billion metric tons of plastic waste (that …
Read More »
09 APR 2023 Amidst all the mystery surrounding the attack on the Nord Stream 1 and 2 pipeline systems last year, one thing is clear: investigators are nearly sure that it was carried out by a state actor, according to a prosecutor leading Sweden’s team. Investigators in Denmark and Sweden have …
Read More »
08 APR 2023 Weeks after the US Centers for Disease Control and Prevention warned health care providers to stop using a popular brand of eye drops in the wake of infections that led to one known death, an additional two people have reportedly lost their lives. As of March 14, 68 patients across 16 …
Read More »
07 APR 2023 Incremental improvements in passenger safety add up to big gains over time. Marine safety improves through innovation and regulation. Early adopters pick up on new solutions while regulators keep the market in compliance with baseline standards. Eventually, the most successful new safety ideas become requirements – like …
Read More »
06 APR 2023 An initial report has been released detailing the July 2022 allision of Washington State Ferries’ vessel that caused an estimated $7.7 million worth of damage after it struck a piling as it approaches its pier near Seattle. The report concludes it was human error but can not …
Read More »
05 APR 2023 Spain has called for tighter scrutiny of oil transfers involving tankers at sea as the number of unregulated ships hit by sanctions grows and raises pollution risks, a U.N. agency session heard this week. Hundreds of extra “ghost” tankers have joined this opaque parallel trade over the …
Read More »
04 APR 2023 The French Navy located the missing product tanker that had been boarded by pirates last weekend but according to reports from the French patrol boat Premier Maitre L’Her which is assisting the tanker, six crewmembers have been kidnaped by the pirates. Security officials are continuing to warn of an …
Read More »
03 APR 2023 The European Commission announced today that it will continue to recognize the training and certification system of the Philippines, confirming the nation’s compliance with the requirements of the STWC Convention. The decision has been met with praise from both the European Community Shipowners’ Associations (ECSA) and the …
Read More »
02 APR 2023 The World Bank projects that trade growth is on track to slow over the decade to come as global economic growth slackens. The lasting effects of the COVID-19 pandemic, the Russian invasion of Ukraine and rising interest rates have put the brakes on economic activity, and trade …
Read More »