Clydebank Declaration for Green Shipping Corridors

15 Sep 2022 News

At the COP26 Conference held in Glasgow held in 2021, agroup of 19 countries agreed to work together to create zero emission shipping corridors. The declaration was known as the Clydebank Declaration for Green Shipping Corridors. The Mission Statement reads as follows:

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Ukraine’s Grain Exports Face Several More Hurdles

15 Aug 2022 News

The July agreement between Russia and Ukraine which was mediated by Turkey and the office of the U.N. Secretary General was intended to kick start a resumption of Ukrainian grain exports from the ports of Odesa, Chernomorsk and Pivdennyi which collectively accounted for about half of the country’s grain exports in the 2020-21 season. In this we must be hopeful for success, however there are several hurdles remaining.

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Courtesy APM Terminals Port of Los Angeles

U.S. Enacts Ocean Shipping Reform Act

15 Jul 2022 News

Last month, President Biden signed into law the Ocean Shipping Reform Act of 2022 on the grounds of the need to reign in the international container shipping industry which is accused of contributing to U.S. inflation through increased freight rates. At the same time the sponsors are responding to lobbying by U.S. exporters who have been struggling to access container capacity at what they consider to be a reasonable price.

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Sri Lanka – A Trading Crossroads Suffers Melt Down

16 May 2022 News

The economic crisis currently impacting Sri Lanka is sad to witness but has been brewing for some time. The port of Colombo, strategically positioned between the southern tip of India and the northern entrance to the Straits of Malacca was until recently a relatively stable trading hub, bustling with activity, for vessels trading back and forth between Europe and the Far East. Anyone who has visited will attest to the fact that Ceylon as it was previously known was about as close to a prosperous tropical paradise as you could get – anyone else remember swimming in the pool at the historic Mount Lavinia Hotel? Following the granting of a bloody independence to India in 1947, Ceylon followed in 1948 which in stark contrast was an entirely peaceful transition. Not until 1972 was the name Sri Lanka adopted as the country sought to shake off its colonial legacy.

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European Dependency on Russian Energy

15 Apr 2022 News

The Russian invasion of Ukraine has resulted in a laser focus on policies that have resulted in Europe being heavily dependent on supplies of Russian oil and gas. Around 50% of Russia’s oil exports are destined for Europe according to recent International Energy Agency estimates which amounts to about 25% of the continent’s overall demand. This is equivalent to a VLCC from Russia each day.

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The Montreux Convention, 1936-2022

15 Mar 2022 News

The Russian invasion of Ukraine on February 24 has prompted many of us to think back to our school history lessons and the significance of the Dardanelles to the Allied powers in World War 1, not overlooking the ill-fated battle of Gallipoli.

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Aurora Class car carrier - courtesy Höegh Autoliners

First ammonia ready vessels

15 Feb 2022 News

The world’s first ammonia fuel-ready vessel, the Suezmax tanker Kriti Future was delivered earlier this month to her Greek owners Avin International. Although conventionally fueled, for the time being, the vessel complies with the ABS Ammonia Ready Level 1 requirements, indicating it is designed to be converted to run on ammonia when the time is right.

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Competition Heats up in the Arctic

14 Jan 2022 News

The first Chinese domestically built ice breaker, Xue Long 2 (Snow Dragon 2) was delivered in 2019 and made her maiden voyage to Antarctica the same year. She is Polar Class 3 and therefore capable of breaking 1.5m thick ice in polar areas. An earlier ice breaker was purchased from Ukraine and modified to China’s requirements.

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Destruction of British Columbia Road and Rail Infrastructure

15 Dec 2021 News

As 2021 draws to a close, we are left to reflect on a year which has seen British Columbia subjected to record breaking summer heat and autumn rainfall. The summer heat domes are concluded to have cost around 600 lives, mostly seniors living alone in inadequately ventilated homes plus the razing of the northern town of Lytton which was almost entirely burnt to the ground.

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