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Nor-Shipping Heads to UN, UN Heads to Nor-Shipping

Over the course of the next two days Nor-Shipping is joining a host of business leaders, NGOs, diplomats and politicians at the UN headquarters in New York to help plot a pathway for sustainable commercial activity in the ocean space. Nor-Shipping Director Per Martin Tanggaard will assist a group working on the development of the UN Global Compact’s Sustainable Ocean Business Action Platform, before hosting the next high-level meeting on the initiative in Norway at Nor-Shipping 2019. Read more “Nor-Shipping Heads to UN, UN Heads to Nor-Shipping”

Buisness

Traders Warn of Oil Price Spike Due to Iranian…

Oil traders with Mercuria and Trafigura warned Monday that U.S. sanctions on Iran could take two million barrels of crude per day off the market, leading prices to spike as high as $100 per barrel by the end of the year. J.P. Morgan predicted a slightly smaller supply reduction of 1.5 million bpd and a price rise to $85-90 per barrel. Read more “Traders Warn of Oil Price Spike Due to Iranian Sanctions”

Buisness

Phoenix Announces ABS Class A Wet Welding Approval

Phoenix International Holdings, Inc. (Phoenix) announces it has received American Bureau of Shipping (ABS) approval of a Class A wet underwater fillet Welding Procedure Specification for ASTM A 131 and Group II steels of the American Welding Society D1.1 structural welding code. With this procedure, Phoenix can now perform permanent underwater weld repairs to Classed vessels and structures. Read more “Phoenix Announces ABS Class A Wet Welding Approval”