Amazon.com Inc and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonization in the maritime sector, executives said on Tuesday.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing scrutiny to
Freight volumes in the port of Rotterdam increased 15% on a yearly basis in the third quarter as international trade continued to recover from its COVID-19 slump, Europe's largest sea port said on Tuesday.Trade flows to and from Rotterdam have been almost 9% higher in the first nine months of the year, with strong growth in almost all segments, the port said.
Severe, unforecasted winds caused a containership to breakaway from a pier and damaged equipment at the Napoleon Avenue Container Terminal in New Orleans on Aug. 2, 2020, according to the National Transportation Safety Board.As longshoremen loaded and unloaded cargo from containership CMA CGM Bianca a sudden, localized thunderstorm passed through the area.
A fire on the ocean surface west of Mexico's Yucatan peninsula early on Friday has been extinguished, state oil company Pemex said, blaming a gas leak from an underwater pipeline for sparking the blaze captured in videos that went viral.Bright orange flames jumping out of water resembling molten lava was dubbed an "eye of fire" on social media due to the blaze's circular shape
The world's largest offshore wind developer Orsted is concerned that Big Oil's eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters.European oil firms including Total, BP, Equinor and Shell have all outlined plans to speed up investments in renewables, including offshore wind
An Egyptian court on Sunday rejected a complaint by the Japanese owner of a container ship that blocked traffic in the Suez Canal for six days in March against the vessel's continued detention by canal authorities, a lawyer said.The Ever Given, one of the world's largest container ships, became jammed across the canal in high winds on March 23
Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that shut the United States' top fuel pipeline network, Refinitiv Eikon data showed on Monday.The attack forced the Colonial Pipeline to shut down its entire system on Friday, stoking expectations of gasoline shortages along the U.S. East Coast.
Denmark's Maersk said on Wednesday it expected its "exceptionally strong" performance in the first quarter to continue for the rest of the year, driven by high demand for shipping containers from China to the United States.Maersk, which handles about one in five containers shipped worldwide, said there were not enough ships available in the world to meet a surge in consumer demand
At least 39 migrants died when two boats sank off Tunisia on Tuesday as they tried to cross the Mediterranean to the Italian island of Lampedusa, the Tunisian defense ministry said.The coast guard rescued 165 others, and searches for more survivors are still ongoing off the coast of Sfax, ministry spokesman Mohamed Zekri said. All the dead migrants were from sub-Saharan Africa, he added.
A deep freeze that hit Texas over the weekend wrought more havoc on the U.S. energy sector on Tuesday, curbing output in the largest U.S. oil field, knocking out a fifth of the nation's refining capacity, and shutting a key shipping channel in Houston.Historic cold has knocked out roughly 4 million barrels per day of refining capacity, more than one-fifth of national capacity
Offshore wind investments in the European Union and Britain in 2020 were more than double the level projected at the start of the year and should continue to grow in 2021, an industry group said on Wednesday.The record 26.3 billion euros ($31.9 billion) invested in offshore wind projects in Europe last year was a figure not expected until 2025, Guy Brindley, financial analyst at Wind Europe, said.
A Palau-flagged freight ship has sunk off the coast of Turkey's Black Sea province of Bartin, killing two crew members, the coast guard said on Sunday, adding that search and rescue operations for more crew members were continuing.Bartin Governor Sinan Guner had initially said the ship, the ARVIN, was a Russian dry freight vessel that sank off the coast of the Inkumu region in poor weather