24 NOV 2022 By Sherry Su, Sharon Cho, Bill Lehane and Lucia Kassai (Bloomberg) — Soaring shipping costs are piling pressure onto physical oil markets that are already being hit by uncertainty surrounding a cap on Russian crude prices and weak Chinese buying. Earnings on the industry’s benchmark trade route breached …
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23 NOV 2022 Shipping’s ongoing evolution of improving its safety, security, health, environmental and operational performance makes this a defining time for the industry. MIS Marine’s Americas Executive Gonzalo Mera Truffini explains how building a better understanding of a vessel’s entire risk portfolio through Marine Assurance can act as a springboard to …
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22 NOV 2022 A global shift in naval capabilities could be in the offing, with China’s massive navy modernization ambitions threatening the dominance of the U.S. – a development that puts Washington’s ability to control global waters at risk. The Congressional Research Service (CRS) has warned that going by the …
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21 NOV 2022 After a regional nuclear exchange, soot in the upper atmosphere would reduce light and heat at the surface, with profound and long-lasting effects. The US and Russia have recently agreed to hold talks on the New START Treaty, the only accord left regulating the two largest nuclear arsenals in …
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20 NOV 2022 Since the commencement of the EU-backed Maritime Unmanned Navigation through Intelligence in Networks (MUNIN) project, Maritime Autonomous Surface Ship (MASS) technologies, infrastructures, and the overall ecosystem have developed rapidly. Norway has been leading the MASS development race, and the autonomous electric container ship Yara Birkeland has received international attention. …
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18 NOV 2022 A federal court in Brazil blocked efforts by the Brazilian Navy to dock the decommissioned aircraft carrier NAe São Paulo more than a month after the vessel returned to Brazil in the controversy over its scrapping. Continuing to be labeled a “toxic” ship the carrier is now stranded offshore …
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17 NOV 2022 Using a mix of electrical stimulation and intense physical therapy, nine people with chronic spinal injuries have had their ability to walk restored. All suffered from severe or complete paralysis as a result of damage to their spinal cord. Incredibly, the volunteers all saw improvements immediately, and continued …
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16 NOV 2022 The shipping industry is accelerating its decarbonization efforts, building on past initiatives for example, (Energy Efficiency Design Index (EEDI) and Ship Energy Efficiency Management Plan (SEEMP), to meet more ambitious targets. The sector appreciates that effective large-scale decarbonization requires alignment and collaboration across the ecosystem. This is …
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15 NOV 2022 The shipping industry must invest in new vessels, fuels and infrastructure to achieve its 2050 climate goals, but there’s still a massive funding gap to 2030 and major uncertainty over regulation and technology. International shipping is responsible for nearly three percent of global emissions. The International Maritime Organization …
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14 NOV 2022 Almost a year ago, Sandor Mulsow told China Dialogue Ocean that the body charged with both protecting the international seabed and developing rules to govern its exploitation, the International Seabed Authority (ISA), is in fact promoting mining. Mulsow is a former head of environment and minerals at ISA. The …
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