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☆ Zelenskiy sacks Ukraine's ambassador to UK after criticism
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] Ukraine's ambassador to the United Kingdom Vadym Prystaiko arrives for a radio interview in Westminster, London, Britain, April 8, 2022. REUTERS/Tom Nicholson/File photoKYIV, July 21 (Reuters) - President Volodymyr Zelenskiy dismissed Vadym Prystaiko as Ukraine's ambassador to Britain on Friday, days after the envoy publicly criticised the president. A presidential order, which said Prystaiko had also been removed as Ukraine's representative to the International Maritime Organization, gave no reason for the dismissal. Zelenskiy responded by saying Ukraine was always grateful to Britain, a staunch ally. Zelenskiy's order did not say who would replace Prystaiko, 53, an experienced diplomat and former vice prime minister who had held the post as ambassador to Britain for three years.

Persons: United Kingdom Vadym Prystaiko, Tom Nicholson, Volodymyr Zelenskiy, Vadym Prystaiko, Prystaiko, Ben Wallace, Russia's, Zelenskiy, Wallace, Anna Pruchnicka, Timothy Organizations: REUTERS, International Maritime Organization, Sky News, British, Timothy Heritage, Thomson Locations: United Kingdom, Westminster, London, Britain, Kyiv, Ukraine

But the lure for OCI and others of making ammonia with a smaller carbon footprint is a business with potential beyond the farm. is the question, and I think it's a good question," OCI CEO Ahmed El-Hoshy told Reuters, when asked why his company is betting on producing so-called "blue ammonia." But even with U.S. support, blue ammonia economics hinge on further government incentives. If utility premiums don't emerge, OCI plans to use its Texas blue ammonia to make fertilizer in The Netherlands, where the company has under-utilized its plants due to high natural gas prices. OCI's Texas plant, to start production in 2025, will produce 1.1 million metric tons annually.

Persons: Ahmed El, Hoshy, Alexander Derricott, TD Cowen, JERA, Yara, Stephan Werner, Werner, Katrine Petersen, Petersen, Chris Bohn, Oystein Kalleklev, Harald Fotland, Fotland, Rod Nickel, Yuka Obayashi, Anna Driver Organizations: Reuters, OCI, REUTERS, Group, CF Industries, Gulf, CF, Yara, Mitsui, Mitsubishi, Nutrien, Investors, Germany's DWS, International Maritime Organization, Flex LNG, Avance, Victoria Klesty, Thomson Locations: Beaumont , Texas, U.S, Texas, Japan, South Korea, Netherlands, United States, El, OCI's Texas, Gulf Coast, Winnipeg , Manitoba, Oslo, Tokyo, Bengaluru

☆ Global shipping industry climate pledge slammed as a ‘wishy washy’ compromise
▼ + stars: | 2023-07-07 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —The shipping industry has agreed a climate pledge to reduce its planet-heating pollution to net zero “by or around” 2050. That changed on Friday, when the International Maritime Organization, the UN body that regulates global shipping, published a new climate strategy after days of negotiations between the organization’s 175 member states. IMO secretary-general Kitack Lim said in a statement that the new climate strategy provides a “clear direction, a common vision, and ambitious targets.”Industry groups welcomed the deal. John Maggs, the president of the Clean Shipping Coalition criticized the “vague and non-committal language” in the new climate strategy. Countries pledged in the Paris Climate Agreement to limit global warming to well below 2 degrees – and preferably to 1.5 degrees – compared to pre-industrial temperatures.

Persons: Kitack Lim, Simon Bennett, Albon, ” Ralph Regenvanu, John Maggs, Faïg, ”, IMO’s Lim, “ Organizations: CNN, International Maritime Organization, UN, ” Industry, International Chamber of Shipping, Clean Shipping Coalition, Environment Locations: Paris, Marshall, Vanuatu

☆ Countries agree to slash shipping emissions but not enough to stay within warming limits
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: +2 min

Countries at the meeting of the United Nations' International Maritime Organization in London signed a deal for shipping emissions to reach net zero "by or around" 2050. Maritime nations agreed Friday to slash emissions from the shipping industry to net zero by about 2050 in a deal that several experts and nations say falls short of what's needed to curb warming to agreed temperature limits. Experts calculate the industry must cut its emissions by 45% by 2030 and reach net zero by 2050 to keep on track with 1.5 C temperature goal. The German government welcomed the agreement, calling it "an important milestone for ensuring that international shipping makes a fair contribution to reaching the temperature goals of the Paris agreement." Transport Ministry spokesman Florian Druckenthaner said Germany had "lobbied massively" for the goal of net zero emissions by 2050.

Persons: General Kitack Lim, Lim, Florian Druckenthaner, Druckenthaner Organizations: United Nations, International Maritime Organization, Maritime, —, Transport, The Associated Press Locations: London, Canada, United States, Paris, Germany

☆ Nations Aim to Zero Out Shipping Emissions by Midcentury
▼ + stars: | 2023-07-06 | by ( Max Bearak | More About Max Bearak | ) www.nytimes.com time to read: +1 min

Negotiators from nearly every country reached a provisional agreement on Thursday to effectively eliminate the shipping industry’s greenhouse gas emissions by as close to 2050 as possible. The breakthrough was made at an annual meeting in London of the International Maritime Organization, the global shipping regulator. The agreement, which will be formally signed on Friday, also sets goals for emissions reductions to be reached by 2030 and 2040. But a strong last-minute push from small island nations and other poorer coastal countries led to commitments from the organization that are in line with limiting global warming to 1.5 degrees Celsius. That is the threshold most climate scientists say the world must avoid crossing to avert the most catastrophic effects of climate change.

Organizations: International Maritime Organization Locations: London

☆ 63 cruise ships owned by Carnival Corporation released more toxic sulfur gasses than all the cars in Europe, study says
▼ + stars: | 2023-07-05 | by ( Hannah Towey | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

63 cruise ships owned by Carnival Corp. emitted more sulfur oxides than all the cars in Europe in 2022. The cruise industry is investing in alternative energy sources such as LNG fuel and shore power. Though the IMO rule slashes the sulfur emissions of individual ships, it has done nothing to limit the increasing number of cruise ships in recent years. Compared to 2019, cruise ships are also spending more time at European ports and consuming more fuel, per the report. As a result, cruise ships overall emitted 9% more sulfur oxides in 2022 than in 2017, according to Transport & Environment.

Persons: MIGUEL MEDINA, Robert Rohde, — Dr, We're Organizations: Carnival Corp, European Federation for Transport, Environment, Carnival Corporation, International Maritime Organization, Transport & Environment, Cruise, Carnival Locations: Europe, Venice, AFP, Berkeley, Paris, New, York

☆ Giant kites could pull ships across the ocean – and slash their carbon emissions
▼ + stars: | 2023-06-30 | by ( Mark Tutton | ) edition.cnn.com time to read: +6 min

CNN —You may have seen kitesurfers in action, harnessing the power of the wind to pull them over the sea. After years of research, they are currently testing the kite on a cargo ship traveling between France and the US. The company has received €2.5 million ($2.7 million) in funding from the EU, and says it already has orders from Airbus and Japanese shipping company “K” Line. He adds that savings will become more pronounced as ships transition to green fuels, which are more expensive than fossil fuels and take up more space, because they are less energy dense. “It’s also a huge enabler for future green fuels,” argues Bernatets.

Persons: Airseas, Vincent Bernatets, “, it’s, Bernatets, Maxime Horlaville, Dr, Richard Pemberton, SkySails, ” Pemberton, Pemberton, It’s, ” Organizations: CNN, Airbus, International Maritime Organization, EU, ”, de Bordeaux, Marine Engineering, University of Plymouth Locations: French, France, Airseas

☆ A shipping emissions showdown stands in the way of one of the biggest climate deals of the decade
▼ + stars: | 2023-06-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

The IMO is expected to update its current target of halving shipping emissions by 2050, from 2008 levels, but many are concerned about the maritime regulator's appetite to embrace interim targets. There is a lot of outside pressure pushing on the IMO because it is the climate negotiation of the summer. Gregor Fischer | Getty Images News | Getty ImagesIf stringent abatement measures are not implemented, the IMO has warned that shipping emissions could jump by up to 50% by mid-century. The 1.5 degrees Celsius goal is recognized as a crucial global target because beyond this level, so-called tipping points become more likely. Stefan Rousseau - Pa Images | Pa Images | Getty ImagesAsked which delegates were likely to seek to block calls for tougher climate targets, Maggs replied, "I think there are, of course, the usual suspects.

Persons: Aoife O'Leary, Opportunity Green John Maggs, Maggs, Gregor Fischer, General Kitack Lim, " Lim, Stefan Rousseau Organizations: International Maritime Organization, Getty, Environment, Opportunity, Clean Shipping Coalition, CNBC, United, Chamber of Shipping, Associated Press, ICS Locations: London, decarbonize, Paris, Germany, Russia, Saudi Arabia, United Arab Emirates, Argentina, Brazil, India

☆ How to Prevent Another Submersible Tragedy Like OceanGate’s Titan - The New York Times
▼ + stars: | 2023-06-27 | by ( Salvatore Mercogliano | ) www.nytimes.com time to read: +3 min

The Polar Prince, the ship from which the submersible was launched, is of Canadian registry and based out of Canada. Both the United States Senate and the British Board of Trade led investigations into the loss of the ocean liner. The United States has not even ratified the U.N. convention. Meaning that if Titan was launched from a Canadian ship, from a Canadian port, Canada has jurisdiction. At present, it’s unclear which country has jurisdiction in the Titan investigation, as the craft was reportedly built in the United States but launched from a Canadian vessel.

Organizations: Canadian Transportation, U.S . Coast Guard, Marine Board of, U.S . National Transportation Safety, Titanic, United States Senate, British Board of Trade, Titan, United Nations ’ International Maritime Organization, Federal Aviation Administration, United Nations Convention, United, International Maritime Organization Locations: Canada, U.S, United States, Canadian

☆ US Coast Guard investigating cause of Titanic submersible implosion
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +1 min

June 25 (Reuters) - The U.S. Coast Guard is investigating the cause of the undersea implosion of a tourist submersible that killed all five people aboard while diving to the century-old wreck of the Titanic, officials said on Sunday. The announcement comes a day after Canada's Transportation Safety Board said it was conducting its own investigation into the implosion of the Titan, which has raised questions about the unregulated nature of such expeditions. The findings will be shared with the International Maritime Organization and other groups "to help improve the safety framework for submersible operations worldwide," Neubauer said. He said the Coast Guard is in touch with the families of the five people killed, and that investigators are "taking all precautions on site if we are to encounter any human remains." Reporting by Jonathan Allen; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Jason Neubauer, Neubauer, Jonathan Allen, Lisa Shumaker Organizations: U.S . Coast Guard, Transportation, Board, Coast, The Coast Guard, FBI, International Maritime Organization, Coast Guard, Thomson Locations: Boston

☆ The Titanic disaster led to a rethink of international regulations. Titan may have a similar legacy
▼ + stars: | 2023-06-23 | by ( Brad Lendon | ) edition.cnn.com time to read: +7 min

Such was the belief in the Titanic that safety regulations of the day were not updated to keep pace with the technology. The first version was adopted in 1914, in response to the Titanic disaster,” the International Maritime Organization (IMO) says on its website. Other SOLAS regulations linked back to the Titanic disaster include:Abandon ship drills – The Titanic captain had canceled one the day of the sinking. Lessons from TitanMaritime experts and historians have noted the Titan submersible operated outside of the regulations prompted by the Titanic disaster. The Titan submersible did not need to conform to safety regulations, since it operated in international waters.

Persons: “, SOLAS, Sal Mercogliano, ” Mercogliano, ”, Per Wimmer, ” Wimmer, CNN’s Anderson Cooper, James Cameron, Cooper, ” Cameron, “ We’re Organizations: CNN, Titanic, Convention, OceanGate Expeditions, White Star Line, United States National Archives, of Congress, Board of Trade, Washington, SOLAS Convention, International Maritime Organization, Titan Maritime, Titan, Campbell University, States, Challenger Locations: Southampton, British, ”, North Carolina, “, Britain, Danish

The World Bank and others also said they would start adding clauses to lending terms that allow vulnerable states to suspend debt repayments when natural disaster strikes. Specifically, for the first time, the document acknowledged the potential need for richer countries to provide fresh money to multilateral development institutions like the World Bank. Another first was in the explicit target for multilateral development banks to leverage "at least" $100 billion a year in private sector capital when they lend. All eyes now turn to more traditional events later in the year, including the International Monetary Fund and World Bank annual meetings, a G20 meeting in September and the COP28 climate talks in Dubai. Persaud said his focus would be on making sure the plan to scale up multilateral development bank lending was in place by the time of annual meetings in October, and that pilot work began on reducing the cost of capital for developing countries.

Persons: Macron, Mia Mottley, Avinash Persaud, What's, Persaud, Teresa Anderson, They've, Sonia Dunlop, Simon Jessop, Leigh Thomas, Tommy Reggiori Wilkes, Mark Heinrich Our Organizations: Global, Pact, Reuters, World Bank, International Maritime Organisation, Paris Summit, Climate Justice, ActionAid, International Monetary Fund, Bank, Thomson Locations: Barbados, PARIS, Bridgetown, Zambia, Paris, Dubai

Leaders are set to back a push for multilateral development banks like the World Bank to put more capital at risk to boost lending, according to a draft summit statement seen by Reuters. Citing the war in Ukraine, climate crisis, a fledgling pandemic recovery, widening disparity and declining progress, Banga said it was time the World Bank adopted a new vision. The summit aims to create multifaceted roadmaps that can be used over the next 18-24 months, ranging from debt relief to climate finance. Wealthy nations have yet to come good on climate finance that they promised as part of a past pledge to mobilize $100 billion a year, a key stumbling block at global climate talks. Though binding decisions are not expected, officials involved in the summit's planning said some strong commitments should be made about financing poor countries.

Persons: Ajay Banga, Banga, Mia Mottley, John Irish, Philippa Fletcher Organizations: Glasgow, Summit, New Global Financial, World Bank, United Nations, Bank, Reuters, Barbados, Bridgetown Initiative, Bretton, International Monetary Fund, International Maritime Organization, Thomson Locations: Paris, France, PARIS, Africa, Ukraine, Banga, Bridgetown, French

Ranging from debt relief to climate finance, many of the topics on the agenda take up suggestions from a group of developing countries, led by Barbados Prime Minister Mia Mottley, dubbed the 'Bridgetown Initiative'. Though binding decisions are not expected, officials involved in the summit's planning said that some strong commitments should be made about financing poor countries. In particular, there should be an announcement that a $100 billion target has been met that will be made available through the International Monetary Fund for vulnerable countries, officials said. The plan, first agreed two years ago at an African finance summit in Paris, calls on wealthy governments to lend unused special drawing rights to the IMF to, in turn, lend to poor countries. Reporting by Leigh Thomas in Paris and Simon Jessop in London; Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Emmanuel Macron, Mia Mottley, Avinash Persaud, Persaud, Leigh Thomas, Simon Jessop, Christina Fincher Organizations: World Bank, United Nations, Barbados, Bridgetown Initiative, Bretton, International Monetary Fund, IMF, AAA, Paris Club, International Maritime Organization, Thomson Locations: Bridgetown, Mottley, Paris, Ethiopia, Ghana, Sri Lanka, Zambia, China, London

☆ Shipping tax could yield $100 bln climate windfall
▼ + stars: | 2023-06-12 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

TINOS, June 12 (Reuters Breakingviews) - The shipping industry emits 2.9% of the world's greenhouse gases. Reuters Graphics Reuters GraphicsPOLLUTER PAYSThe shipping industry uses fossil fuels to power its boats. That said, industry leaders such as container giant Maersk (MAERSKb.CO) are moving into green shipping. This potentially large sum is attracting the attention of people outside the shipping industry, especially those focused on climate change. If a country refused to apply an agreed tax, the international shipping industry would effectively be unable to operate from its ports.

Persons: TINOS, Emmanuel Macron’s, Tristan Smith, Marshall, UCL’s Smith, Al Qaeda, Peter Thal Larsen, Thomas Shum Organizations: Reuters, International Maritime Organisation, United Nations, European Union, EU, Reuters Graphics Reuters, University College London, Shipping, Climate Fund, World Bank, International Chamber of Shipping, Marshall, Al, Trade Center, Thomson Locations: Paris, Danish, Marshall

☆ An electric cruise ship with gigantic solar sails is set to launch in 2030
▼ + stars: | 2023-06-07 | by ( Nell Lewis | ) edition.cnn.com time to read: +5 min

CNN —Adventure cruise company Hurtigruten Norway today revealed plans for a zero-emissions electric cruise ship with retractable sails covered in solar panels, which is due to set sail in 2030. The zero-emissions ship's sails will retract so that the ship can pass under bridges, as shown here in a rendering. This has led to a new wave of designs for eco-friendly sailing vessels, from the transatlantic car carrier Oceanbird and various cargo ships with retractable sails, to Oceanco’s Black Pearl superyacht and Chantiers de Atlanique’s cruise ship with folding solid sails. Hurtigruten Norway has long touted sustainable shipping. In 2019, it launched the world’s first hybrid, battery-supported cruise ship and is currently in the process of converting the rest of its expedition fleet to hybrid battery power.

Persons: Hedda Felin, ”, Gerry Larsson, Fedde, Larsson, Pearl superyacht Organizations: CNN, Hurtigruten, International Maritime Organization, UN Locations: Norway, Norwegian, Oslo, Hurtigruten Norway, “

☆ North Korea slams UN meeting on satellite launch, 'robbery' US demand
▼ + stars: | 2023-06-03 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

[1/4] People watch a TV broadcasting a news report on North Korea firing what it called a space satellite toward the south, in Seoul, South Korea, May 31, 2023. REUTERS/Kim Hong-JiSEOUL, June 4 (Reuters) - North Korea denounced the U.N. Security Council for holding a meeting on its recent satellite launch upon "robbery demands" from the U.S., vowing to continue rejecting sanctions and taking "self-defensive" action, state media KCNA said on Sunday. She said the satellite launch was a "legitimate, self-defensive countermeasure" against increasing threats from the U.S. and its allies, which Pyongyang have accused of rekindling tension with their annual springtime military drills. North Korea will never acknowledge U.N. sanctions resolutions "even if they slap them hundred, thousand times," she said, pledging to continue exercising its sovereign rights, including launching spy satellites. North Korea had informed the IMO of a time frame of its planned satellite launch, and the resolution "strongly" condemned the isolated country's missile tests "which seriously threatened the safety of seafarers and international shipping."

Persons: Kim Hong, Ji, KCNA, Kim Yo Jong, Kim Jong Un, Kim, Kim Myong Chol, Hyonhee Shin, Nick Zieminski Organizations: REUTERS, . Security, UNSC, KCNA, International Maritime, Thomson Locations: North Korea, Seoul, South Korea, Ji SEOUL, U.S, United States, Pyongyang, Korea

The latest surge of dark fleet ships began after Russia invaded Ukraine and the West tried to limit Moscow’s oil revenue with sanctions. The ships most likely sell their Russian oil to China above a price limit set by the sanctions. “The price cap is achieving its dual goals: restricting Russia’s oil revenues while keeping Russian oil flowing, and markets stable and well-supplied,” a U.S. Treasury spokesperson told The Times. The spoofing tankers using American insurance show that the practice is not limited to Russian oil alone. The company, Gatik Ship Management, owns a fleet of 50 newly acquired tankers dedicated to the Russian oil trade, the report said.

Persons: ”, David Tannenbaum, it’s, Samir Madani, Daniel Tadros, Russia Lady Ella, Russia Snow, Price, Konstantin Zavrazhin, Tannenbaum, Mr, Tadros, what’s, Min Chao Choy Organizations: Cathay, Labs, Copernicus Sentinel, Maxar Technologies, The New York Times, The Times, U.S . Treasury, Times, American Club, Club’s, Alma, Cargo, Russia Cathay Phoenix, Hong, International Maritime Organization, American, ”, AIS, telltale, Treasury’s, Foreign, Control, Maritime, C4ADS, Gatik Ship Management Locations: Japan, Kozmino, China, U.S, Russia, Venezuela, Iran, Ukraine, ”, Hong Kong, Niigata, Russia Ginza, Varna, Bulgaria, Taman, Niigata Port, Siberia, Cathay Phoenix, O.F.A.C, South Korea, Washington, Ginza, Oman, India

☆ Iran seizes second oil tanker in a week in Gulf, US Navy says
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +3 min

DUBAI, May 3 (Reuters) - Iran has seized a second oil tanker in a week on Wednesday in Gulf waters, the U.S. Navy said, the latest escalation in a series of seizures or attacks on commercial vessels in Gulf waters since 2019. In Iran's first response, Tehran's prosecutor announced the oil tanker was seized on a judicial order following a complaint by a plaintiff, the judiciary's Mizan news agency said. The incident comes after Iran on Thursday seized a Marshall Islands-flagged oil tanker in the Gulf of Oman called the Advantage Sweet. The Niovi oil tanker seized on Wednesday had been travelling from Dubai toward the UAE's Fujairah port when it was forced by IRGCN boats to change course towards Iranian territorial waters, the Navy said. Since 2019, there have been a series of attacks on shipping in the strategic Gulf waters at times of tension between the United States and Iran.

☆ US says Chinese Coast Guard is harassing Philippine vessels
▼ + stars: | 2023-04-29 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, April 29 (Reuters) - The United States on Saturday called on China to stop harassing Philippine vessels in the South China Sea, pledging to stand with the Philippines at a time of simmering geopolitical tension. "We call upon Beijing to desist from its provocative and unsafe conduct," the U.S. State Department said in a statement. The Philippines on Friday accused China's coast guard of "aggressive tactics" following an incident during a Philippine coast guard patrol close to the Philippines-held Second Thomas Shoal, a flashpoint for previous altercations located 105 nautical miles (195 km) off its coast. In February, the Philippines said a Chinese ship had directed a "military-grade laser" at one of its resupply vessels. China's foreign ministry on Friday said the Philippine vessels had intruded into Chinese waters and made deliberate provocative moves.

☆ US confiscates Iran oil cargo on tanker amid Tehran tensions
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +3 min

As oil markets remain jittery, the cargo seizure is the latest escalation between Washington and Tehran after years of sanctions pressure by the U.S. over Iran's nuclear program. Tehran says its nuclear program is for civilian purposes while Washington suspects Iran wants to develop a nuclear bomb. Iran has previously responded tit-for-tat following seizures of Iranian oil cargo." Last year the U.S. tried to confiscate a cargo of Iranian oil near Greece, which prompted Tehran to seize two Greek tankers in the Gulf. In a step likely to exacerbate tensions, 12 U.S. senators on Thursday urged President Joe Biden to remove Treasury Department policy hurdles that have prevented the Department of Homeland Security from seizing Iranian oil shipments for more than a year.

☆ Iran seizes Marshall Islands-flagged tanker in Gulf, U.S. Navy says
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

April 27 (Reuters) - Iran seized a Marshall Islands-flagged oil tanker in the Gulf of Oman in international waters on Thursday, the U.S. Navy said, the latest in a series of several seizures of commercial vessels in Gulf waters in the past couple of years. The navy said the seizure of the Advantage Sweet by Iran's Islamic Revolutionary Guard Corps Navy disrupts regional security and stability and called on Tehran to immediately release the tanker. Iranian authorities did not immediately respond to a request for comment by ReutersThe ship, a Suezmax oil tanker built in 2012, issued a distress call during the seizure, the navy statement said. The navy said Iran has in the past two years unlawfully seized at least five commercial vessels in the Middle East. Iran in November released two Greek-flagged tankers that it seized in the Gulf in May.

☆ Royal Caribbean's CEO made over $10 million in 2022 — 705 times more than company's median worker
▼ + stars: | 2023-04-27 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

Royal Caribbean Group CEO Jason Liberty made $10.76 million in 2022, regulatory filings show. Meanwhile, crew members onboard Royal Caribbean's ships made a median annual wage of $15,264. Royal Caribbean Group's CEO Jason Liberty made over $10 million in 2022, approximately 705 times the median annual wage of the cruise giant's shipboard crew members, regulatory filings show. Meanwhile, crew members working onboard Royal Caribbean's ships took home a median yearly salary of $15,264 in 2022, according to the company's estimates. On a single cruise ship, crew members may represent over 100 countries around the world.

☆ Iran seizes oil tanker in Gulf, U.S. Navy says
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +5 min

[1/4] Marshall Islands-flagged oil tanker Advantage Sweet, which, according to Refinitiv ship tracking data, is a Suezmax crude tanker which had been chartered by oil major Chevron and had last docked in Kuwait, sails at Marmara sea near Istanbul, Turkey January 10, 2023. Iran's army said it had seized a Marshall Islands-flagged oil tanker in the Gulf of Oman after it collided with an Iranian boat, injuring several crewmen, Iranian state media reported. The vessel's destination was listed as the U.S. Gulf of Mexico port of Houston, ship tracking data showed. Iran last November released two Greek-flagged tankers it seized in the Gulf in May in response to the confiscation of oil by the United States from an Iranian-flagged tanker off the Greek coast. The U.S. Navy, whose Fifth Fleet is based at the Gulf island state of Bahrain, called on Iran to immediately release the tanker.

Collisions are more likely in such cases, raising the odds of a devastating oil spill. It’s also harder to tell whether the vessels with murky ownership comply with the strict rules governing oil transfers at sea, according to Kenney. Group of Seven nations have imposed a cap on the price of Russian oil and oil products, and a smaller pool of buyers can also negotiate greater discounts. China’s imports of Russian oil in the first quarter of the year rose 38% compared with a year prior, according to Kpler data. As trade of Russian oil has become more complex, many Western shippers have pulled back.

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