After a 30-day slide the oil price is again headed for USD 40

What was supposed to be OPEC's manifestation of agreement and strength to push the oil price back up, has now crumpled with a whimper and a price that, after sliding for almost 30 consecutive days, is now headed for USD 40 again. Banks are lowering their estimates considerably.

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Nordic shipowners see multiple problems with speed limit

Danish Shipping and the Norwegian Shipowners' Association think that there are many potential pitfalls in implementing a speed limit for vessels in order to reduce their greenhouse gas emissions. The discussion of a speed limit was instigated by the new ECSA chairman.

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