11 AUG 2023 The UK’s Home Office has suffered a new setback in its controversial plan to house migrants on an accommodation ship Bibby Stockholm confirming reports on Friday that everyone is being removed from the barge due to a potential health concern. They are calling it a temporary “precautionary measure,” while …
Read More »RECORD $90 BILLION IN SHIP ORDERS LOOM OVER THE SHIPPING INDUSTRY
10 AUG 2023 The world’s biggest shipping companies are plowing their pandemic windfalls into orders for new vessels on an unprecedented scale, making an industry known for hair-raising cycles of boom and bust more vulnerable in the latest downturn. Container carriers like MSC Mediterranean Shipping Co., A.P. Moller–Maersk A/S, CMA CGM …
Read More »WHAT HAPPENS IF THE NORTH ATLANTIC’S CIRCULATION SHUTS DOWN?
09 AUG 2023 Amid news of lethal heatwaves across the Northern Hemisphere comes the daunting prospect of a climate disaster on an altogether grander scale. New findings published in Nature Communications suggest the Atlantic meridional overturning circulation, or Amoc, could collapse within the next few decades – maybe even within the next …
Read More »JAPANESE TEAM DEVELOPS “GAME CHANGER” FLOATING VERTICAL AXIS WIND TURBINES
08 AUG 2023 A consortium of Japanese companies is working to develop a new concept in floating offshore wind turbines that they report will be easier to manufacture while also costing less to build and maintain. Known as a vertical axis wind turbine, they believe it will be the next …
Read More »MORE TURKISH SHIPBREAKERS ADDED TO EUROPEAN LIST OF APPROVED SHIP RECYCLING FACILITIES
07 AUG 2023 The European Commission has updated its list of approved ship recycling facilities (27th July, 2023), which now contains 48 yards located primarily in Europe and Turkey. The list has been updated to include three new yards in Turkey, and the expiry date of two listed yards in …
Read More »VIRGINIA BUSINESSMAN SENTENCED TO 41-MONTHS IN PRISON IN IRANIAN PETROCHEMICAL SCHEME
06 AUG 2023 A Virginia businessman has been sentenced to 41 months in prison for violating U.S. sanctions against Iran by conspiring to engage in prohibited business activities on behalf of Iranian entities without obtaining the required licenses from the Office of Foreign Assets Control (OFAC). Behrouz Mokhtari and co-conspirators …
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