Thursday, June 26, 2008

Shipping wasting 4.37 million barrels of oil a day
Source: Business Wire (press release)
Source Date: 24th Jun, 2008
Source Pages: -
Summary:
New research by leading maritime technology company DK Group and backed by United Nations-commissioned research, suggests that ships are wasting the equivalent of more than $140 billion of consumers and investors money in fuel costs per year and emitting an extra 672 million tonnes of CO2 per year (more than the aviation industry's 600 million tonnes CO2).

Questions raised over Philippines ferry inquiry
Source: Lloyd's List
Source Date: 25th Jun, 2008
Source Pages: p.3.
Summary:
As hopes fade of finding more survivors from the capsized ferry Princess of the Stars, Filipino lawmakers have turned their attention to an inquiry into the cause of the disaster, with suggestions that the Philippines Coast Guard and the Maritime Industrial Authority be excluded from the inquiry, due to their possible involvement in the incident through allowing Princess of the Stars to leave port in Manila during a typhoon. The Philippines have a history of maritime disasters and despite numerous investigations, recommendations and new regulations drawn up, the accidents continue to occur.

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