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The Latest Breaking News from IMO

UN seeks plan to beat plastic nurdles, the tiny scourges of the oceans

Billions of the pellets end up in the sea, killing turtles, whales and dolphins, and are washed up on beaches around the world

The Guardian - UK

Imperial (IMO) To Report Q2 Earnings: Is A Surprise In Store?

Imperial Oil Limited (NYSEAMERICAN: IMO) is set to release second-quarter results on Jul 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $2.14 per share on revenues of $16.7 billion.

Benzinga

Shipping’s dirty secret: how ‘scrubbers’ clean the air – while contaminating the sea

Told to reduce air pollution, the shipping industry could have switched to cleaner fuels – instead, many vessels turned to special devices that simply dump the toxins into the water

The Guardian - UK

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Ships get older and slower as emissions rules bite

LONDON: If shipping is the beating heart of global trade, its pulse is about to get slower.

Bangkok Post

Russian separatists seize two foreign ships in Mariupol - letters

Russian-backed separatists have seized two foreign-flagged ships in the eastern Ukrainian port city of Mariupol, saying they are now "state property", in the first such moves against commercial shipping, letters seen by Reuters showed.

Reuters

RBC Capital Ticks Up Imperial Oil Price Target By 1.5%

Imperial Oil Ltd (TSX:IMO) (NYSE:IMO) price target has been raised to C$66 from C$65 by RBC Capital analyst Greg Pardy while maintaining the Outperform rating on the shares. The analyst states that the bullish stance toward Imperial Oil reflects its capable leadership team, favorable long-term operating outlook, strong balance sheet, and commitment to shareholder returns.…

Benzinga

3 Strong Under-the-Radar Energy Stocks to Add to Your List

Energy stocks have attracted significant investor attention over the past few months, thanks to soaring oil and gas prices due to strong demand and a global supply crush caused by the Russia-Ukraine war. Because this trend is expected to continue in the coming months, we think it could be wise…

StockNews.com

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Whale sharks: how we discovered what's killing so many of the world's largest fish

Over 80% of international trade is carried by sea. Much of what we use and consume everyday either has been or will be transported on huge vessels which plough the global ocean.

The Conversation

‘Black carbon’ threat to Arctic as sea routes open up with global heating

As climate crisis allows new maritime routes to be used, sooty shipping emissions accelerates ice melt and risk to ecosystems

The Guardian - UK

Ships stranded in Ukraine as conflict slows UN rescue efforts

With more than 1,000 seafarers stranded on ships in Ukrainian ports and food supplies running low, the United Nations is pressing for their safe passage out of danger but security risks and disagreements are hobbling those efforts, maritime sources say.

Reuters

Danaos Orders Two 7,100 TEU Containerships

Danaos Corp (NYSE:DAC) placed orders for two 7,100 TEU containerships. Financial terms were not disclosed. The vessels will be built at Dalian Shipbuilding in China and are expected to be delivered in 2Q24 and 3Q24. The vessels will be methanol fuel ready and built as per the latest requirements of the International…

Benzinga

UN to work on safe corridor for ships stranded by Ukraine conflict

The UN's shipping agency will seek to create a safe maritime corridor to enable merchant ships and their crews stuck in the Black Sea and Sea of Azov to sail away without the risk of being hit, it said on Friday.

Reuters

Global shipping moving invasive species

Global shipping is moving invasive species around the world. Can world governments agree on preventative measures?

Salon

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