President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies as he pursues green policies in stark contrast to those of his predecessor Donald Trump.The orders map out the direction for the Democratic president's climate change and environmental agenda and mark a reversal
Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.
Houthi authorities in Yemen have given long-awaited approval for a United Nations plan to visit and assess a deteriorating oil tanker off Yemen's coast that is threatening to spill 1.1 million barrels of crude oil into the Red Sea.Staff and equipment could be expected to arrive at the tanker by late January or early February, U.N. spokesman Stephane Dujarric told reporters on Tuesday.
An explosion damaged a Greek-managed tanker at a Saudi Arabian terminal on the Red Sea just north of the Yemeni border, the ship's manager said on Wednesday, in an attack confirmed by Saudi Arabia.In a statement published by state media, the Saudi-led coalition fighting the Houthis in Yemen said a commercial vessel suffered minor damage from shrapnel in what it described as a foiled terrorist
Incoming cargo to the Port of Los Angeles is surging as businesses restock depleted inventories and retailers prepare for an early holiday season, the executive director for the nation's busiest seaport said on Wednesday.Workers unloaded 471,795 20-foot equivalent units (TEU) of imports in September, 17% more than the year earlier, marking the second month of robust import gains at the No.
U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S. Gulf Coast on Sunday, two days after Hurricane Delta barreled through the area.Chevron Corp, Royal Dutch Shell Plc and BHP Group were returning workers to production platforms in the U.S.-regulated northern Gulf of Mexico, the companies said.
The Saudi-led military coalition fighting the Iran-aligned Houthi group in Yemen destroyed two explosive-laden boats in the Red Sea on Thursday, its spokesman said.The two remotely controlled boats belonged to Houthi forces and were threatening navigation, his statement carried on Saudi state news agency SPA said.They were destroyed 6 km (3.
A new offshore guard vessel concept aims to be smaller, lighter and more efficient than most of the vessels used to protect offshore operations currently. It will also be completely unmanned and autonomous.The so-called Autonomous Guard Vessel revealed Tuesday has been created by a consortium of maritime companies specifically for surveillance of offshore structures throughout their life cycle
Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC.The startup, formed by two former Uber Technologies Inc executives two years ago
Armed pirates attacked a British-flagged chemical tanker in the Gulf of Aden on Sunday but were repulsed, the ship's manager Stolt Tankers said.The pirates approached the Stolt Apal in two speedboats some 75 nautical miles off Yemen, it said, in one of the most important trade routes for oil heading from the Middle East to Europe.
President Donald Trump said on Wednesday he had instructed the U.S. Navy to fire on any Iranian ships that harass it at sea, a week after 11 vessels from Iran's Islamic Revolutionary Guard Corps Navy (IRGCN) came dangerously close to U.S. ships in the Gulf.Close interactions with Iranian military vessels were not uncommon in 2016 and 2017. On several occasions, U.S.
Greece plans to sell majority stakes in four ports as part of a privatization plan agreed with its lenders after the country exited the bailouts in 2018, a document of its privatization agency (HRADF) showed on Tuesday.HRADF will sell majority stakes in the share capital of Alexandroupolis, Igoumenitsa, Heraklion and Volos ports