Photo: think4photop/Shutterstock By Rachel Graham and Anna Shiryaevskaya (Bloomberg) -- The coronavirus pandemic is delaying vital maintenance across the oil and natural gas industries in Europe and North America. Restrictions on the numbers of contractors on rigs, pipelines and production sites are forcing companies to delay work that’s been planned for years. For … [Read more...]
World Trade Hit by Virus Sees Worst Collapse in a Generation
File Photo credit: Shutterstock/chungking By Bryce Baschuk (Bloomberg) -- The global economy’s most abrupt and consequential shock in at least a generation is unfolding at ports and other hubs of international commerce as the U.S. and Europe struggle to contain the coronavirus pandemic. The Great Recession, the Sept. 11 attacks, the 1973 oil embargo -- none of these … [Read more...]
Green LNG Seen as a Way to Meet IMO Emissions Targets, Study Shows
A methanol-powered tanker operated by Waterfront Shipping. File Photo: Methanex/Waterfront Shipping By Anna Shiryaevskaya (Bloomberg) -- Green forms of liquefied methane could be a viable fuel for ships to help the industry meet greenhouse-gas emission reduction targets, a study showed. Bio-methane, produced from biomass, and synthetic methane made using renewable … [Read more...]
Indian Ports in Chaos as Virus Lockdown Hits Operations
File Photo: tcly / Shutterstock By Bloomberg News (Bloomberg) -- India’s government told all major ports that the coronavirus fight is a valid reason to halt some port operations, leaving traders in disarray about the flow of goods in and out of the world’s seventh-biggest economy. India’s Ministry of Shipping advised ports they may consider the Covid-19 pandemic as … [Read more...]
Clogging Toilets on Ford-Class Aircraft Carriers Illustrate Navy Cost Overruns
Gerald R. Ford (CVN 78) Huntington Ingalls Industries Newport News Shipbuilding for builder’s sea trials off the U.S. East Coast, April 8, 2017. U.S. Navy Photo By Tony Capaccio (Bloomberg) -- New toilets on the Navy’s two newest aircraft carriers clog so frequently that the ships’ sewage systems must be cleaned periodically with specialized acids costing about $400,000 a … [Read more...]