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Breaking Stories

The Pacific Community, or SPC, says having decimated tourism, Covid-19 is also posing a threat to the region's fisheries.

The director of the SPC's fisheries division, Neville Smith, said they were working to minimise the impact on the tuna fishery, the coastal fishery and on aquaculture.

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The US oil market is facing a perfect storm as it trades in negative territory for the first time in history with around 36m barrels of Saudi crude sailing for the US Gulf, and most due to arrive within the next four weeks.

At least 18 very large crude carriers laden with Saudi crude — the majority chartered by the kingdom’s shipping company Bahri — are tracked on the water to the US Gulf, according to Lloyd’s List Intelligence data.

The tankers are a legacy of Saudi Arabia’s now derailed March pledge to flood the world with crude, which first triggered the collapse in oil prices.

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New Zealand is indeed well supplied with renewable electricity. In recent years, New Zealand has averaged 83 per cent from renewable sources (including 60 per cent hydropower, 17 per cent geothermal, and 5 per cent wind) and 17per cent from fossil fuels (4 per cent coal and 13 per cent gas).

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Commuters could one day be hitching a ride from the Wellington CBD to the airport by electric ferry.

East By West ferries plans to introduce an electric ferry on the Days Bay route later this year.

In a proposal to the government's infrastructure fund, the company has asked for money to develop the Miramar Peninsula and introduce two new electric ferries.

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