18 OCT, 2022 By Alberto Nardelli, Christopher Condon and Alaric Nightingale (Bloomberg) — The European Union’s latest sanctions on Russian petroleum could end up depriving a swath of the world’s tanker fleet of industry standard insurance, a move that threatens to undermine US efforts to avert an oil supply shock. The …
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16 OCT 2022 Russia has cut gasoline exports via its ports and border crossings in September by 14% month-on-month to 256,204 tonnes amid refinery maintenance and weak demand in Europe, data from industry sources and Reuters calculations showed. Gasoline is in surplus in Europe because stocks are building as refineries …
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15 OCT 2022 The Baltic Exchange’s dry bulk sea freight index edged up on Friday to snap a six-session losing streak, but posted its worst week since late August on sombre demand for all its vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 20 …
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14 OCT 2022 Multiple news sites are reporting that the Panamanian-flagged containership has sunk in the Red Sea nearly a week after a fire broke out in a cargo hold. The fire on board the TSS Pearl was first reported by the Saudi Press Agency last Friday, October 7, as the ship was located …
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13 OCT 2022 The global pipeline of floating offshore wind projects has more than doubled in terms of capacity in the past year with the UK leading the charge, according to a new report by RenewableUK. According to the report, the number of projects in the global pipeline, spanning from those in early planning …
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11 OCT 2022 The International Monetary Fund has lowered its outlook for the global economy amid high inflation and downside risks on multiple fronts. According to the IMF’s World Economic Outlook report, global economic activity is experiencing a broad-based and sharper-than-expected slowdown as inflation rages at levels not seen in several decades. …
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10 OCT 2022 Largely unappreciated and undervalued, seafarers today are at last being recognized for the critical role they play in the global economy. Keeping them healthy is job one. Professional mariners have long been documented as exemplars of a life filled with stress, anxiety and loneliness. Spending months at …
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09 OCT 2022 While forced labor exists throughout the world, one place where it’s especially pervasive is the South China Sea, and especially in the Thai fishing fleet. Partly this is because in a typical year, this country’s fishing industry is short about fifty thousand mariners, according to the UN …
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08 OCT 2022 A three-year-long study has tracked dozens of patients with an ultra-rare disorder that gradually turns muscle, tendons, and ligaments to bone. The lifelong, irreversible condition is known as fibrodysplasia ossificans progressiva (FOP). While estimates on its prevalence vary, confirmed cases occur in roughly one out of every 1 …
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A 3D map of one of the hidden valleys, also known as a tunnel valley, under the seafloor in the North Sea. (James Kirkham) 07 OCT 2022 Hidden valleys buried beneath the ocean bottom in the North Sea were rapidly carved out during the “death throes” of an ancient ice sheet …
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