ABS is now working with DSME on future research and development areas to be carried out during detailed design and testing of the SOFC technology

ABS AIP for DSME’s solid oxide fuel cell technology

Granting of AIP follows two joint development projects between ABS and DSME, the latest to develop SOFC technology to replace at least one of three diesel generators typically on-board a Very Large Crude Carrier (VLCC).

At the World Trade Organization

Qatar suspends dispute with United Arab Emirates

Geneva - Qatar has suspended a trade dispute with the United Arab Emirates at the World Trade Organization, a document showed on Tuesday, after tensions between Doha and its Gulf neighbours eased. Doha launched its case with the WTO in 2017 over trade in goods, services and intellectual property after the UAE and other Arab states in the Gulf and beyond cut diplomatic and business ties with Qatar as part of a political dispute

But concerns over vaccine hesitancy

EU eyes 'Vaxproof' document to revive travel

Brussels - The European Commission is working on a vaccine certificate, dubbed 'Vaxproof', that could help restore cross-border travel, EU officials said, but the plan is dividing EU nations. The issue has been discussed for months but has led to no compromise because of fears over vaccine hesitancy and privacy. The EU executive Commission is working on a system for mutual recognition in all 27 EU countries of a certificate proving the holder has been vaccinated

Munich Re says

Natural disasters cause $210 billion in damage in 2020

Frankfurt - Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires, a top insurer said. The damage, tallied by the German reinsurer Munich Re, increased from $166 billion in the previous year, and comes as a warming planet heightens risks

Global prices rise

Russia plans to raise wheat export tax from March 1

Moscow - Russia, one of the world's largest wheat exporters, plans to impose a higher export tax on wheat from March 1, its economy minister said on Friday, in another push to curb a rise in domestic food prices triggered by the COVID-19 crisis. Wheat prices in Chicago and Paris jumped after the proposal, which the Russian government has yet to sign

The digital innovation has also extended to the construction and commissioning process

ABS and Keppel, world’s first smart bunkering vessel

One example is the use of Smart glasses for remote inspection, which increase yard efficiency while improving workforce safety throughout the inspection process especially during the COVID-19 pandemic

Lack of availability

Asian spot prices rise to record high

Asian spot prices for liquefied natural gas (LNG) jumped nearly 50% this week to a record high, based on available data going back to 2009, as logistical issues disrupt supply to the world’s top consuming region

After years of division

Libyans start using new exchange rate

Libya - The Central Bank of Libya on Sunday introduced a new unified exchange rate agreed last month after years of division between rival branches based on opposing sides of the front line. As part of the change, the internationally recognised Government of National Accord (GNA) in Tripoli suspended a fee on foreign currency transactions that it introduced two years ago to bring the official rate closer to the black market rate

New tender

Rijeka port to restart procedure for container terminal

Rijeka - Croatia's Rijeka port will restart the procedure for selecting a concessionaire to develop and run the Zagreb Deep Sea container terminal. The board of directors of the Rijeka port has decided to cancel the current selection process and launch a new tender. In September, Luka Rijeka extended the procedure for selecting a concessionaire for the terminal until the end of the year due to the coronavirus pandemic

Lost 36 boxes

Containers fall from Evergreen Marine vessel in rough seas

Taipei - Strong winds and rough seas caused dozens of containers on a Taiwan-based Evergreen Marine Corp. vessel to fall into the ocean off Japan's Kyushu on Wednesday after the ship departed from Busan for Los Angeles, the shipping company said Saturday. In a statement, Evergreen Marine, the largest shipper in Taiwan, said the incident happened when the "Ever Liberal" encountered strong winds about 20 nautical miles

IAPH data

25% of ports have increased share of empty container handling

London - 25% of ports have an increased share of empty container handlings due to the Covid crisis, reports an International Association of Ports and Harbours (IAPH) survey. The report had a 46.2% response from Europe, a 15.5% from Central and South America, 9.2% from North America, 18.4% from North Asia, South East Asia, and Australia, 9.2% from Africa, and 1.5% from Middle East-Central Asia

By Fincantieri

First U.S. built Great Lakes bulker since 1983 floated out

Trieste - The first U.S. flagged Great Lakes bulk carrier to be built on the Great Lakes in nearly four decades marked a key point in its construction with its recent float out from the graving dock. Being built for The Interlake Steamship Company at the Fincantieri Bay Shipbuilding yard in Wisconsin, the vessel which is named the Mark W. Barker is the first Great Lakes bulk carrier built domestically since 1983

Al Shabaab claiming responsibility

Turkish company attacked in Somalia, four dead

Istanbul - A car bomb targeting workers of a Turkish company killed four people including one Turkish citizen on Saturday in Somalia, Turkey's Foreign Ministry said. The company's staff were working on the construction of a road between Mogadishu and Afgoye, northwest of the capital, the ministry statement said. Abdiasis Abu Musab, military operation spokesman for the al Qaeda-linked al Shabaab, said the group was behind the attack

Patients were evacuated from the Sisak hospital

Earthquake strikes central Croatia, damaging buildings

"The army is here to help. We will have to move some people from Petrinja because it is unsafe to be here," Plenkovic said. N1 news channel quoted a Petrinja town official as saying that a 12-year old child had been killed. It showed footage of rescuers in Petrinja pulling a man and a child from the debris