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The Latest Breaking News from Ocean

Australia’s rainiest place: the tiny NSW town has had just 14 dry days this year

Brisbane may have flooded but Sydney has had more rainy days this year, recording falls on two out of every three days

The Guardian - AU

H.C. Wainwright Bumps Up Price Target On This Dry Bulk Shipping Company - Read Why

H.C. Wainwright analyst Magnus Fyhr raised the price target for Golden Ocean Group Ltd (NASDAQ:GOGL) to $18 (an upside of 17%) from $13 and maintained the Neutral rating on the shares. The analyst stated that GOGL trades at a premium to the drybulk peer group. Its shares are fairly valued trading at 7.5x 2022E EV/EBITDA…

Benzinga

Tamil refugees detained by UK on Chagos Islands go on hunger strike

Forty-two hunger strikers are part of group of 89 Sri Lankans whose boat was intercepted in Indian Ocean by UK military

The Guardian - UK

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Danone Scales Up Baby Formula Shipments To US To Combat Shortage: Reuters

Danone SA (OTC: DANOY) has stepped u

Benzinga

Sticker shock at Jersey Shore: ‘There’s nothing that didn’t go up’

OCEAN CITY, N.J. — The price hikes were traveling up the Boardwalk the other day, as visitors tallied the rising cost of pizza, not to mention the small cotton-candy-flavored Polish Water Ice gelato, adding just a little insult to the injury of yet another chilly day in May.

The Philadelphia Inquirer

MH370's four possible flight paths as expert claims to know location of doomed plane

The mystery surrounding missing Malaysian flight MH370 has plagued theorists since 2014, but experts now claim to know its final location after studying its erratic flight path

Daily Mirror

Asylum seekers stuck on Diego Garcia start hunger strike

Group of Tamils has been held on the island, site of a secretive US military base, since October last year.

Al Jazeera

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Why Golden Ocean Shares Are Trading Higher Today

Golden Ocean Group Ltd (NASDAQ:GOGL) reported a first-quarter FY22 revenue increase of 67.8% year-over-year to $265.18 million. Revenues declined 30.1% from 4Q21. EPS improved to $0.62 from $0.14 in 1Q21 but declined from $1.01 recorded in 4Q21. The company recorded a net operating income of $102.47 million versus $21.83 million a year ago;…

Benzinga

A man's death shows the dangers of digging deep holes on the beach

A town on the Outer Banks issued a public plea to beachgoers about the dangers of digging holes on the oceanfront just hours before a man died at a New Jersey beach when a hole collapsed on him.

WEKU

Tiny Mayo school scoops top prize in national 'game changers' environmental contest

The 10 boys and girls at Achill Island’s Primary School created a new game called ‘Roll and Catch’ to highlight how climate change threatens the ocean

Irish Mirror

Australia on tsunami alert after powerful earthquake hits Pacific Ocean island

Strong shake was felt at the epicentre of the quake on Macquarie Island

Wales Online

Magnitude 6.7 earthquake strikes Macquarie Island region - USGS

An earthquake of magnitude 6.7 struck the Macquarie Island region in the southern Pacific Ocean on Thursday, the United States Geological Survey (USGS) said.

Reuters

Climate Irony: Cleaner Air Linked To Increase In Atlantic Hurricanes

However, an NOAA study found an uptick in air pollution elsewhere in the world produced a decline in tropical cyclones.

Zenger

Supreme Court says Centre, States have equal powers to make GST-related laws

Court confirms Gujarat High Court ruling that government can’t levy IGST on ocean freight imports

The Hindu

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Daily Mirror

Teenager dies after sand hole collapses on him and sister at the beach

The tragedy struck on Tuesday afternoon, as Levi Caverly was digging a hole with his 17-year-old sister at Toms River’s Ocean Beach 3, a private beach near Chadwick Beach

The Conversation

Climate change is killing trees in Queensland's tropical rainforests

In recent years, the Great Barrier Reef off Australia’s northeast coast has seen multiple events of mass coral bleaching as human-caused global warming has driven sustained high temperatures in the ocean.

Bangkok Post

Rhapsody in blue

Inspired by the beauty of underwater nature and shades of blue as well as the charm of ocean waves and sea breeze, fashion brand Panumas recently launched its new collection Panumas In Love Spring Summer 2022.

The Times of India

4 key climate change markers hit record highs last year: WMO

NEW DELHI: Four key climate change indicators — greenhouse gas concentrations, a rise in sea level, ocean heat and ocean acidification — set new records in 2021, the World Meteorological Organisation (WMO) noted in its ‘State of Climate’ report released Wednesday. The last seven years, from 2015 to ’21, were…

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Reuters

World’s oceans at most acidic level in 26,000 years, climate report warns

The world's oceans grew to their warmest and most acidic levels on record last year, the World Meteorological Organization (WMO) said on Wednesday, as United Nations officials warned that war in Ukraine threatened global climate commitments.

Daily Mirror

Ancient crocodile species discovered after 7-million-year-old fossil found in Peru

According to a Peruvian research team that analyzed jaw and skull remains of the species, the animal likely would have probably crossed the Atlantic Ocean to the coast of South America

Axios

Climate change benchmarks all set records last year, report finds

Key data released Wednesday underscores how swiftly human activities are reshaping the climate.

Radio France Internationale

World Meteorological Organisation warns of catastrophic global climate shift

The United Nations weather monitoring body has announced that key climate change indicators set record highs in 2021, warning that the Earth's energy system is driving humanity towards catastrophe.

Daily Record

Man drowns after trying to recreate Titanic 'I'm flying' scene with partner

Furkan Ciftci and girlfriend Mine Dina plunged into the ocean as they tried to recreate the iconic scene after drinking on a fishing trip

The Conversation

Bad news for the 2022 hurricane season: The Loop Current, a fueler of monster storms, is looking a lot like it did in 2005, the year of Katrina

The Atlantic hurricane season starts on June 1, and the Gulf of Mexico is already warmer than average. Even more worrying is a current of warm tropical water that is looping unusually far into the Gulf for this time of year, with the power to turn tropical storms into monster…

Benzinga

CMA CGM Buys 9% stake In Air France-KLM As Part Of An Air Cargo Partnership

CMA CGM, a French shipping company, invests in Air France-KLM (OTC:AFLYY) as part of an air cargo partnership, counting on growing demands for flying goods worldwide while supply chains remain snarled in the aftermath of the pandemic, Reuters reported. CMA CGM will take up to 9% of Air France-KLM, worth ~€240 million ($252…

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