11 MAR 2020 Time, as far as we know, moves only in one direction. But in 2018, researchers found events in some gamma-ray burst pulses that seemed to repeat themselves as though they were going backwards in time. Now, recent research suggests a potential answer for what might be causing this time …
Read More »ALLIANZ: CORONAVIRUS IS WORSE FOR COMMERCE THAN U.S.-CHINA TRADE WAR
10 MAR 2020 In a research note published Thursday, an economist at leading European insurer Allianz SE predicted that the impact of the novel coronavirus on global commerce will be greater than that from the U.S.-China trade war. “We estimate that losses of trade in goods and services could amount …
Read More »SWISS INVESTMENT BANK STOPS FUNDING FOR OFFSHORE ARCTIC PROJECTS
09 MAR 2020 Swiss investment bank UBS has committed to no longer providing finance for new offshore oil projects in the Arctic, greenfield thermal coal mines or greenfield oil sands projects. The bank’s new standards also include enhanced due diligence for transactions related to LNG and ultra-deepwater drilling. UBS reduced …
Read More »PUTIN UNVEILS MORE PLANS TO BOOST NORTHERN SEA ROUTE
08 Mar 2020 Cargo shipments passing through the Northern Sea Route, Russia’s remote Arctic sea artery, topped 30 million tons during the past year, officials have said, marking a major uptick in fossil fuel deliveries from one of the world’s most vulnerable environments. The shipping upswing, which President Vladimir Putin …
Read More »SAUDI FORCES REPORT ATTEMPTED BOMB-BOAT ATTACK ON TANKER OFF YEMEN
07 MAR 2020 Saudi Arabia’s military said Wednesday that its forces prevented an “imminent terrorist attack” against an oil tanker about 90 nautical miles southeast of Nishtun, Yemen in the Arabian Sea. “The failed terrorist attempt was carried out at [1439 hours] on Tuesday 03 March 2020 during the [voyage] …
Read More »WHO ISSUES GUIDELINES FOR COVID-19 CONTROL ON BOARD VESSELS
06 MAR 2020 The World Health Organization (WHO) has released guidelines to avoid or manage an outbreak of coronavirus on board ships. The recently-released guide calls on shipowners to provide crew with guidance so they can recognize signs and symptoms of the virus. If a suspected case is identified, WHO recommends that the ship …
Read More »SALVORS PREPARE TO LIGHTER BUNKER FUEL FROM GROUNDED VLOC
04 MAR 2020 Efforts to remove fuel from the grounded very large ore carrier (VLOC) Stellar Banner are set to begin soon, according to Brazilian environmental agency Ibama. The ship, which went aground off the coast of São Luís, Brazil on February 24, has about 4,000 tonnes of fuel and 290,000 …
Read More »ICS: CARRYING HFO MAY RESULT IN FINES AND DETENTION
04 MAR 2020 On March 1, it became illegal for ships to carry high-sulfur fuel oil (HFO) unless the ship is equipped with a scrubber. The International Chamber of Shipping (ICS) warns that any ships found to be non-compliant face the possibility of detention. As of March 1, maritime enforcement …
Read More »TIME TO RETHINK THE CHALLENGE OF GLOBAL BIOFOULING
03 MAR 2020 The rapid pace of technological innovation has had a growing impact on the shipping industry. But as owners and fleet managers face increasing pressure to improve environmental performance, new technologies will be necessary to ensure a profitable and sustainable future. The impact of biofouling on ship fuel …
Read More »NEW CORONAVIRUS MAY CIRCULATE FOREVER AS A SEASONAL, ENDEMIC PATHOGEN, EXPERTS FEAR
03 MAR 2020 The new coronavirus is likely here to stay. Experts think will probably become a permanent part of the human respiratory-virus repertoire. “This is going to be with us for some time – it’s endemic in human populations and not going to go away without a vaccine,” Amesh Adalja, an …
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