Trump May Take A Tougher Stance On Iranian Oil, But That Would Increase China’s Anger According to analysts, former President Donald Trump’s return to the White House could mean tougher U.S. oil sanctions on Iran, reducing global supply and bringing geopolitical risks, including growing anger from its main customer, China. A crackdown on OPEC member […]
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NRF Warns Trump Tariffs Could Cost Consumers Billions in Purchasing Power A recent study from the National Retail Federation (NRF) paints a bleak picture for American consumers: If President-elect Donald Trump’s proposed tariffs on imported goods go into effect, consumers could lose billions of dollars in purchasing power each year. The study, “Estimated Impact of
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North Korea Launches A Series Of Short-Range Ballistic Missiles Into The Sea South Korea’s military said North Korea launched “several” ballistic missiles in its latest display of advanced weapons. South Korea’s Joint Chiefs of Staff announced that North Korea had launched a series of ballistic missiles into the sea off the east coast of the
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Royal Moroccan Navy Thwarts Attempt By Migrants To Hijack Cargo Ship The Royal Moroccan Navy reports that it thwarted an attempt by migrants to take control of a cargo ship and divert it to the Canary Islands. The incident, which took place off the southern coast of Morocco, is the latest in a growing number
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Satellite Images Show A Series Of Mysterious Fires In Russian Black Sea Waters According to satellite images from NASA’s Fire Information for Resource Management (FIRM) system, unexplained fires have been reported in Russian Black Sea waters near Ukrainian islands. The Crimean Wind Monitoring Organization said on the Telegram app that the fires occur in part
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A Fisherman Is Missing After LPG Tanker Collides With Cargo Ship The LPG tanker Era Star reportedly collided with the cargo ship Mizan, causing the latter to be severely damaged and enter the water, raising concerns about the cargo ship capsizing. The collision occurred around midnight on November 1 in the Bashore Strait near the
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Japan Plans Automated Freight System To Ease Driver Shortage And Cut Emissions Japan plans to build an automated freight corridor between Tokyo and Osaka, which the government calls the “transport belt,” to make up for a shortage of truck drivers. The amount of funding for the project has not yet been determined, but it is
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Wind Meets Recycling In The Freight Industry Finally, the freight industry is getting serious about reducing global greenhouse gas emissions. In a world where everything old is new again, wind power is emerging as a key solution. Advocates of battery electric power are also pushing for a seat at the table in decarbonization talks, and
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Mexican Ship Manager Gremex Shipping Fined $1.75 Million in Pollution Case On October 30, Gremex Shipping, a Tampico, Mexican ship manager, pleaded guilty in the Federal District Court in Pensacola, Florida, to felony violations of the Pollution Prevention and Control Act (APPS) and was fined $1.75 million and sentenced to probation. Specifically, Gremex was accused
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Maersk Q3 Profit Rises Despite Small Increase In Container Throughput Ocean revenue rose to $15.8 billion in the quarter ended Sept. 30 from $12.1 billion a year earlier, the parent of Copenhagen, Denmark-based liner operator Maersk said in an earnings statement. $2.8 billion in EBIT offset a $27 million loss from shipping disruptions caused by
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