World

9 APR 2019 A pair of mathematicians from Australia and France have devised a new way to multiply numbers together, while solving an algorithmic puzzle that has perplexed some of the greatest math minds for almost half a century. For most of us, the way we multiply relatively small numbers …

05 APRIL 2019 Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) has warned that avoiding overcapacity and unsustainably low freight rates is still a major challenge 10 years after the massive downturn of 2008. “In that time shipping companies needed to show restraint when ordering new …

02 APRIL 2019 World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty, according to the World Trade Organization (WTO). WTO economists expect merchandise trade volume growth to fall to 2.6 …

01 april 2019 Four crewmembers from the container feeder Contship Oak have been kidnapped off the coast of Cameroon, vessel operator Contship has confirmed. The attack occured shortly after the U.S. and other allied forces conducted large-scale anti-piracy drills in the region. In an attack on March 30, pirates boarded the Oak at the …

31 MAR 2019 When a person dies, cremation is an increasingly popular option. The practice eclipsed burials in the US in 2015 and is expected to make up more than half of all body disposals by 2020, according to the Cremation Association of North America. But instead of storing a loved one’s …

29 MAR 2019 Japan’s Mitsui O.S.K. Lines (MOL) and Turkey’s Karpower International have agreed to collaborate on a LNG-to-Powership business providing floating LNG power plants globally. The partners will operate under the brand name KARMOL. The Powership receives regasified LNG through a floating LNG storage and regasification unit (FSRU) to …

28 MAR 2019 Artificial cells created inside the lab have taken another major step forward, with scientists developing cells that are able to produce their own chemical energy and synthesise parts of their own construction. That makes these artificial cells a lot more like real, biological cells – cells that can …

28 MAR 2019 To gain some insight on how LNG Carriers and FSRUs are operated in today’s market, Young@Nor-Shipping has been fortunate to talk to Erik Folkeson, Vice President IR & Strategy of Höegh LNG, to answer all our questions, and give a temperature check on the LNG market. Höegh …

27 MAR 2019 Global energy experts released grim findings Monday, saying that not only are planet-warming carbon-dioxide emissions still increasing, but the world’s growing thirst for energy has led to higher emissions from coal-fired power plants than ever before. Energy demand around the world grew by 2.3 percent over the …

27 mar 2019 In an 8-1 ruling issued Tuesday, the U.S. Supreme Court revoked a judgement of $315 million for victims of the USS Cole attack because the plaintiffs’ lawyers had sent the lawsuit to the wrong address. The decision hinged on the question of whether the plaintiffs had properly served the Sudanese government, the …