As the United Nations tries to broker a path for grain from Ukraine and temper worries about a global food crisis, hundreds of mines laid along the Black Sea present a practical nightmare that will take months to resolve even after any agreement.The Black Sea is crucial for shipment of grain, oil and oil products.
The Italian government ordered police on Friday to impound a luxury yacht worth some $700 million that has been linked in the media to Russian President Vladimir Putin.The sleek, six-deck Scheherazade had been undergoing repairs in the Italian port of Marina di Carrara since September, but recent activity at the dockside suggested that the crew might be preparing to put to sea.
European Commission proposals to bring shipping into the bloc's carbon market contain exclusions for small commercial and military vessels that would leave millions of tonnes of CO2 emissions unregulated, an NGO study showed on Thursday.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions.
The United States and Germany on Wednesday unveiled an agreement on the Nord Stream 2 gas pipeline under which Berlin pledged to respond to any attempt by Russia to use energy as a weapon against Ukraine and other Central and Eastern European countries.The pact aims to mitigate what critics see as the strategic dangers of the $11 billion pipeline, now 98% complete
Shipping will be included in Europe’s emissions trading system (ETS) and costs for polluters are set to rise under Brussels’ plans to meet the European Union’s climate targets, the European Commission said on Wednesday.The EU ETS, which forces emitters to pay for each tonne of carbon dioxide they generate
European Union leaders have agreed an embargo on Russian oil imports that will start kicking in towards the end of the year and which exempts, for now, pipeline imports that Hungary and two other landlocked Central European states rely on.The toughest sanction yet on Russia for its invasion of Ukraine, agreed overnight after weeks of wrangling
The United States will work to supply 15 billion cubic meters of liquefied natural gas (LNG) to the European Union this year to help it wean off Russian energy supplies, the transatlantic partners said on Friday.The EU is aiming to cut its dependency on Russian gas by two-thirds this year and end all Russian fossil fuel imports by 2027 due to Russia's invasion of Ukraine.
EU shipping power Greece has told the European Commission that adding the industry to the bloc's carbon emissions trading scheme should be proportionate and tightly enforced to secure a level playing field for the European fleet in global markets.In a letter sent to Commission head Ursula von der Leyen
BIMCO announced it has hired Thomas Damsgaard to head its new office in Houston, as the shipping organization expands its global reach to better provide services to members in the Americas.Damsgaard has extensive experience working in shipowning companies, agency business, and is engaged in training activities.
The European Union's foreign ministers disagreed on Monday on whether and how to slap sanctions on Russia's lucrative energy sector over its invasion of Ukraine, with Germany saying the bloc was too dependent on Russian oil to decide an embargo.The EU and allies have already imposed hefty measures against Russia, including freezing its central bank's assets.
The European Union is underwriting a project, called Current Direct, to facilitate and hasten the transition to battery powered commercial maritime vessels. It's funded by the European Union’s Horizon 2020 research and innovation program. It also has 13 private sector partners, including Blackstone Resources, Spear Power Systems and Wärtsilä.