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Fitch-rated US ports to face increased congestion due to Global Weight Regulations
2016-02-15 01:00:00| Ship Technology
Fitch Ratings has stated that the implementation of new global weight regulations by the International Maritime Organisation (IMO) to verify the weight of the cargo containers could result in uncertainty and increased congestion at US ports.
Zimbabwe Seeks $1.5B to Prevent Starvation Due to Disastrous Drought
2016-02-13 12:50:00| Climate Ark Climate Change & Global Warming Newsfeed
Atlanta Black Star: Zimbabwe has appealed to local businesses and charities for $1.5 billion in aid to save more than a quarter of the population from starvation due to drought. The government of Zimbabwe requires a total of $1,572,009,953 with effect from February to December 2016, said Emmerson Mnangagwa, Zimbabwes vice-president. The amount of rainfall received to date is inadequate to meet basic household consumption needs as well as support for livelihoods, agriculture and wildlife. Mnangagwas appeal...
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Oil prices falter due to rise in US crude stocks
2016-02-11 01:00:00| Offshore Technology
Oil prices have fallen due to rise in US crude stocks at the key delivery point in Cushing.
Ikea recalls lamps due to safety issues
2016-02-10 13:49:06| BBC News | Business | UK Edition
The Swedish retailer, Ikea, asks customers to return two popular glass ceiling lampshades due to concerns about their safety.
Oil prices edge up due to oversupply concerns
2016-02-09 01:00:00| Offshore Technology
Oil prices have risen slightly, although gains were under scrutiny as industry analysts expect that the oversupply may not be reduced any time soon.
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