Trade and shipping

After Brexit, Ireland and France cut out the middleman

Stena Line, the largest Irish Sea operator, has doubled its services on the booming Rosslare-Cherbourg route, temporarily cancelling some sailings to Britain after freight volumes fell 60% in the first half of January.

Security

Why are pirates attacking ships in the Gulf of Guinea?

The pirates come from Nigeria's turbulent Niger Delta, experts say. The region produces the bulk of the nation's petroleum, but is woefully underdeveloped, scarred by pollution and has some of the highest unemployment in the country.

International

Indonesia's coast guard seizes Iranian and Panamanian tankers

"The tankers, first detected at 5:30 a.m. local time (2130 GMT on Jan. 23) concealed their identity by not showing their national flags, turning of automatic identification systems and did not respond to a radio call," the statement said.

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

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

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

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