The surge in the spot price of liquefied natural gas (LNG) has dragged seaborne thermal coal prices higher, but only for the higher quality grades that can substitute for natural gas in power generation.The spot price of LNG in Asia more than doubled last week as the market digested the loss of nearly 20% of the global supply of the super-chilled fuel after the U.S.
A Canadian anti-whaling activist who has dodged arrest in Japan for more than a decade vowed at COP30 in Brazil to continue fighting for marine protection – taking aim in particular at deep-sea mining and Norway’s krill industry.Paul Watson urged delegates this week at the U.N. climate summit in the Amazon city of Belem to look beyond the world’s forests and remember that oceans also help to
“Shipping is a people business”, so the saying goes. Jim Lawrence, who passed away at the beginning of June, truly embodied that. Certainly, he was a great participant at maritime events. When not up on the podium serving as the moderator, he would be walking around, shaking hands, talking about a particular transaction or development (and, sometimes, the intrigue behind it)
The U.S. Virgin Islands (USVI) is involved in a proposal that aims to create a US international ship registry domiciled in the U.S. territory, the island's governor said.President Donald Trump's administration is considering the proposal as part of efforts to enlarge the tiny commercial shipping fleet flying the American flag, sources familiar with the matter told Reuters last week.
President Donald Trump's administration is considering a proposal to create an international shipping registry in the U.S. Virgin Islands as part of efforts to enlarge the tiny commercial shipping fleet flying the American flag, according to four sources familiar with the matter.Increasing the number of U.S.
A group of Democratic U.S. senators on Tuesday pressed Treasury Secretary Scott Bessent on whether enormous tankers that ship liquefied natural gas qualify for a lucrative tax credit meant for smaller boats that burn the fuel.Here are details about the issue.The Alternative Fuel Excise Tax credit, signed by former President George W.
Researchers from Australia’s University of Queensland have made a microscopic “ocean” on a silicon chip to miniaturise the study of wave dynamics.The device, made at UQ’s School of Mathematics and Physics, uses a layer of superfluid helium only a few millionths of a millimetre thick on a chip smaller than a grain of rice.
As August winds down, global markets gave us another week of shy half-gestures and newlywed hesitant moves, says cash buyer GMS, all while confidently pretending they were marching somewhere important.“Oil traders kept one eye on inventories, the other on geopolitics, and both cockeyed on the clock as WTI closed at USD 64/barrel with Brent just above USD 68—moves so small they looked like
Australian quantum software company Q-CTRL has demonstrated its software-ruggedized quantum sensing for navigation technology in a major field trial onboard the Royal Australian Navy’s multi-role aviation training vessel, MV Sycamore.Quantum navigation promises a robust and reliable GPS backup that cannot be jammed or spoofed.
Israeli forces have taken command of a charity vessel that had tried to break a naval blockade of the Gaza Strip and the boat with its crew of 12 including activist Greta Thunberg is now heading to a port in Israel, officials said on Sunday.The British-flagged yacht Madleen, which is operated by the pro-Palestinian Freedom Flotilla Coalition (FFC)
The same error-prone sensitivity that has slowed down the development of quantum computers is being turned into an advantage for GPS-denied navigation.A new quantum sensing technology from Australia-based Q-CTRL has most recently caught the interest of Lockheed Martin and the US Defense Innovation Unit, but the company is already working with the Australian Department of Defence