shipping

RUSSIAN NAVY FIRES ON TURKISH-OWNED BULKER NEAR MARIUPOL

13 APR 2022  On Sunday (10th April), Russian state media claimed that the Russian military has attacked another civilian vessel near Ukrainian waters. The incident is at least the seventh Russian attack on merchant shipping reported since the start of the invasion in February. In a statement carried by Russian …

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CONTAINERS BEGIN COMING OFF EVER FORWARD AS SALVAGE CONTINUES

12 APR 2022  Salvage effort for the containership ever forward entered a new phase over the weekend as the 127,000 dwt vessel remains firmly aground in the Chesapeake Bay. After days of dredging and two failed attempts to pull the vessel free, the team determined that they needed to lighten the vessel …

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CHILDHOOD TRAUMA HEIGHTENS RISK OF MULTIPLE SCLEROSIS, MASSIVE STUDY FINDS

16 APRIL 2022 The impact of childhood trauma can last a lifetime, and leave people feeling like shadows of their former selves. Victims of abuse also face unimaginable pain and very real health consequences, none of which is their fault. Now, a study of nearly 78,000 Norwegian women has found …

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TANKER MEGA-MERGER: FRONTLINE AND EURONAV TO COMBINE IN $4.2 BILLION DEAL

14 APR 2022 By Terje Solsvik and Victoria Klesty OSLO, April 7 (Reuters) – Belgian oil tanker group Euronav and smaller Oslo-listed rival Frontline plan to merge in an all-stock transaction valued at $4.2 billion that they said would cut costs and help in their low-carbon transition. Norwegian-born billionaire John Fredriksen, the largest owner …

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IS TAIWAN’S EVERGREEN HELPING TO FINANCE CHINA’S NAVAL EXPANSION ?

13 APR 2022 A new report says that commercial shipbuilding efforts by prominent companies – including Carnival Cruise Lines, CMA CGM, and Taiwan’s Evergreen Shipping – are helping China finance warships. Contracts between China’s top state-owned shipbuilding firm and Taiwan’s leading shipping company are likely lowering the costs of upgrading China’s navy, …

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GLOBAL GRAIN TRADE OF $120 BILLION IS BEING REDRAWN BY RUSSIA’S WAR IN UKRAINE

12 APR 2022 Across Ukraine’s farm belt, silos are bursting with 15 million tons of corn from the autumn harvest, most of which should have been hitting world markets. The stockpiles — about half the corn Ukraine had been expected to export for the season — have become increasingly difficult to get to buyers, providing a glimpse into the turmoil Russia’s war has wrought …

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OIL THE EU IMPORTS FROM RUSSIA

11 APR 2022 The European Commission has proposed new sanctions against Russia over its invasion of Ukraine, including a ban on buying Russian coal and on Russian ships entering EU ports. Yet the EU faces an uphill slog to wean itself of energy imports from its Eastern neighbor. Following is a summary of key …

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PSYCHOTHERAPY MAY BE THE KEY TO MANAGING CHRONIC BACK PAIN, STUDY REVEALS

10 APRIL 2022 A comprehensive new study involving more than 13,000 patients suggests that the best treatments for chronic back pain should cover both physical and mental aspects – rather than concentrating solely on physical remedies. Through a systematic review of 97 previous trials covering 17 different approaches to handling …

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A SHOCKING 99% OF US ARE NOW BREATHING UNHEALTHY AIR, WHO WARNS

9 APRIL 2022 We often take the air we breathe for granted, but new data reveals that the pollutants behind millions of preventable deaths now taint the air most of us breathe at unhealthy levels. “Air pollution has an impact at a much lower level than previously thought,” says World Health Organization technical officer Sophie …

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IN A CHANGE OF PLAN, SALVORS WILL LIGHTER CARGO OFF OF EVER FORWARD

8 APR 2022  After multiple attempts to tow the grounded container ship Ever Forward to deeper water, salvors have decided to give up the attempt and lighter off cargo to reduce the ship’s displacement.  The 1,100-foot Ever Forward grounded on March 13 while transiting south in the Chesapeake Bay towards Norfolk, Virginia. Donjon Smit …

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