Sri Lanka’s consumer prices fell by 2.1 percent in November, the highest deflation rate recorded by the economically fragile island nation since 1961, official data showed Saturday. An unprecedented financial crash in 2022 brought months of consumer goods shortages, with inflation peaking at nearly 70 percent that year. Google News LinkFor all latest news, follow…
Ceremonies in China last week marked the completion of the world’s first liquified CO2 carrier for a carbon capture and storage operation. The vessel named Northern Pioneer is the first of four being built for a CCS operation set to launch in Norway and receive its first captured CO2 in 2025. The Northern Lights onshore facilities that…
On Monday, the world’s largest fast ferry hit a breakwater on its way out of the harbor at Ronne, a port on the Baltic Sea island of Bornholm. It is the ferry’s third allision since entering service last year, and it is not known when the high-spec vessel will be able to return to service. …
The UK-flagged bulker Anglo Marie Louise (114,727 dwt) has returned to an anchorage off Virginia after reports that the bulker suffered an explosion on November 27. There are no indications of injuries to the crew and the vessel remained seaworthy, although according to the report it has suffered damage. “It is reported that the vessel has sustained…
The rollout of Maersk’s dual-fuel methanol containerships continued with the naming ceremony in Singapore for the A.P. Møller. The vessel, which is the ninth in the line’s fleet able to operate on methanol was named in honor of Arnold Peter Møller, founder of the company. A.P. Møller (174,000 dwt) is part of the series of 18 large…
Port of Jebel Ali Both the United Arab Emirates (UAE) and China have made significant investments in strategically important ports worldwide to enhance their geopolitical influence and secure trade routes.
