04 JAN 2022 Evergreen Marine Corp (EMC), the Taiwanese ocean carrier, is reportedly handing out generous annual bonuses after a great year for the company’s finances. Some employees are reportedly receiving a princely sum equal to 40 months’ salary. Buoyed by a surge in container freight rates, shipping companies witnessed …
Read More »FIVE MYTHS CONTRIBUTE TO TENSIONS IN THE SOUTH CHINA SEA
04 JAN 2022 US officials regularly present China as an aggressive and expansionist military power while Chinese state sources criticize the United States in similar terms. The verbal sparring has only increased concern about the prospect of a future war between China and the United States, with Australia as a likely participant on the …
Read More »VESSELSVALUE (VV) HAS LAUNCHED ITS LATEST AUTOMATED SERVICE: POSITION LIST.
03 JAN 2022 What is it? VV’s automated Position List allows users to see which vessels are available to pick up cargo at any global location with the click of a button. The service complements the traditional position list through providing an alternative and instant, objective and data driven view …
Read More »REGULATORS ORDER SHELL’S PRELUDE LNG TO SHUT DOWN FOR SAFETY REVIEW
02 JAN 2022 After a Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has ordered Shell to keep its massive Prelude LNG offshore gas facility shut down until it can prove that it has made safety improvements. Earlier this month, a small fire in an electrical compartment knocked …
Read More »SEA LEVEL RISE IS ALREADY MAKING BANGLADESH’S WATER UNDRINKABLE
02 JAN 2022 Twice a week, 50-year-old Brajasundari loads a collection of jerrycans onto a pedal cart, climbs aboard and travels three kilometres from her village Kanchrahati to buy water. Millions of women in arid and semi-arid regions of South Asia would call her lucky; they must do this …
Read More »ONE CREW MEMBER KILLED, SIX KIDNAPPED IN NEW GULF OF GUINEA INCIDENT
01 JAN 2022 As if to prove that the scourge of piracy is far from over despite the reports of the significant decrease in the Gulf of Guinea region, a new attack occurred overnight. It appears that one crew member was killed during the attack and as many as six …
Read More »