Summer natural gas prices to be the lowest in last 20 years

In its July 2019 Short-Term Energy Outlook, the US Energy Information Administration expects Henry Hub natural gas spot prices for June, July, and August this year to average $2.37 per million British thermal units. If this happens, this price would be the lowest summer average Henry Hub natural gas price since 1998.

World Economic Forum presents the steps to measure blockchain’s value

The World Economic Forum collaborated with the International Organization for Public-Private Cooperation for the launch of ‘Blockchain Value Framework’ which is a part of the white paper, Building Value with Blockchain Technology: How to Evaluate Blockchain’s Benefits.

USCG publishes updated guidance for TSMS option vessels

USCG’s Office of Commercial Vessel Compliance published its updated ‘Towing Vessel COI Inspections under TSMS Option.’ According to the coast guard, the updates are not limited to adding annual and renewal Certificate of Inspection guidance for Towing Safety Management System (TSMS) option vessels inspected under 46 CFR Subchapter M.

China best connected to others by sea, UNCTAD reports

UNCTAD published its liner shipping connectivity index for 2019, showing countries that have improved or worsened their positions in maritime transport networks. Namely, China has retained its lead as the country best connected to others by sea, with its LSCI increasing by 51% since 2006.

ReCAAP ISC: First half of 2019 sees lowest number of incidents in 13 years

A total of 28 incidents of piracy and armed robbery against ships (comprising 25 actual incidents and three attempted incidents) were reported in Asia during January-June 2019 compared to 41 incidents during January-June 2018, which accounts for a 32% decrease, according to ReCAAP ISC’s half yearly report for 2019.

UK MAIB: Timeline of key accidents in 2018

UK MAIB issued its annual report, recording a total of 1,227 accidents to UK vessels or in UK coastal waters in 2018. This is just a few less than the previous year. These accidents involved 1,339 vessels, including casualties and incidents. The report also contains a timeline of accident occurrences through 2018. 

Radical decarbonization could lead to significant implications for shipping, report says

The decarbonisation of global energy supplies to mitigate climate change will have significant implications for the global shipping industry. If the Paris Agreement goals are met, the fossil fuel cargo base that shipping serves would experience an aggressive and prolonged transformation, according to a report from Maritime Strategies International.

New European Commission President puts environment as a priority

Ursula von der Leyen has been elected as European Commission President after winning MEPs’ votes with a bold vision for a greener Europe. Ms. Von der Leyen won the support of parliamentarians with a strong call for climate and environmental action that could transform Europe over the next five years. 

Sea bed mining plans should slow down, report says

Deep sea mining seems to be in the spotlight; Yet, there is no detailed information on its potential impacts. Thus, companies and their investors are supported by governors and programs that are in favour of developing a ‘responsible’ sea bed mining regulations. The report ‘Why the Rush’ supports that deep sea mining will be another weight on the already polluted oceans. 


Should BWM training be a mandatory requirement?

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