19 sept 2019 The International Union of Marine Insurance (IUMI) has released data showing that marine underwriting premiums for 2018 were $28.9 billion, a one percent increase on 2017. With significant challenges facing the market, the modest increase is not significant to herald an upturn in the fortunes of the …
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18 sept 2019 Dr. Dean Foreman, the American Petroleum Institute’s chief economist, says the U.S.’ energy revolution has changed the impact of the attack on Saudi Arabia’s oil processing facilities over the weekend. He says the U.S. energy revolution has effectively provided spare oil production capacity to the world, and …
Read More »17 SEPT 2019 Japan’s environmental minister has said the country may have to dump more than a million tons of radioactively contaminated water from the wrecked Fukushima nuclear plant into the ocean as storage runs short, sparking outrage among fishermen and environmentalists. Tokyo Electric Power Co, or Tepco, the Fukushima …
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16 SEPT 2019 A drone attack on two of Saudi Aramco’s oil facilities in Saudi Arabia on Saturday has threatened global oil supplies. Saudi Aramco emergency crews contained fires at its plants in Abqaiq and Khurais as a result of the terrorist attacks which have resulted in production suspension of …
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15 sept 2019 The U.S. Coast Guard, U.S. Air Force, U.S. Navy, Federated States of Micronesia Police and good Samaritans rescued seven people adrift on their 18-foot vessel for six days during a joint rescue mission near the Mortlock Islands, Chuuk State, Micronesia, on Saturday (14th sept). The boaters, missing …
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14 sept 2019 The Australian Maritime Safety Authority (AMSA) banned two bulk carriers from Australian ports on September 11 for breaching “the most basic” rights of seafarers. The Panama-flagged Fortune Genius in Gladstone and the Xing Jing Hai in Brisbane have been banned for a period of 12 months and 18 months respectively for …
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