MSC Joins Ranks of Global Shippers Swearing Off NSR

On Octo­ber 18, the Swiss-Ital­ian Mediter­ranean Ship­ping Com­pa­ny – the world’s sec­ond-largest ship­ping com­pa­ny by con­tain­er ves­sel capac­i­ty – said it would not use or explore the North­ern Sea Route, join­ing CMA CGM, Maer­sk, and Hapag-Lloyd among the ranks of glob­al ship­ping com­pa­nies that have sworn off using the North­ern Sea Route due to con­cerns about the envi­ron­men­tal impact of increased Arc­tic ...

Rosatom Subsidiary to Acquire Controlling Stake in Chile Lithium Project

On Octo­ber 15, Rosatom’s min­ing sub­sidiary, Ura­ni­um One, signed a mem­o­ran­dum of under­stand­ing with Canada’s Wealth Min­er­als that gives it the right to buy a con­trol­ling stake in a major lithi­um project in Chile’s Ata­ca­ma desert.  Wealth Mineral’s deci­sion to sign the agree­ment is moti­vat­ed in part by Ura­ni­um One’s pos­ses­sion of pro­cess­ing tech­nol­o­gy that uses a cat­a­lyst mate­r­i­al to extract lithi­um, ...

Duterte Visit to Moscow: Seeks Military, Energy Cooperation

Philip­pines Pres­i­dent Rodri­go Duterte made a state vis­it to Moscow Octo­ber 2–6. Among oth­er points, Duterte invit­ed Ros­neft chief exec­u­tive Igor Sechin to invest in oil and gas devel­op­ment in the Philip­pines. Com­ments short­ly there­after by Philip­pines Ambas­sador to Rus­sia Car­los Sor­re­ta sug­gest­ed that the fact that Rus­sia is not a claimant state in the South Chi­na Sea (unlike Chi­na) played a role in ...