Yearly Archives: 2020
Shipping Getting Smashed by Coronavirus
The Coronavirus epidemic in China has smashed shipping by bringing down the number of cargo that needs to be transported.
Giant Capesize carriers...
Baltic Index Recovers But Coronavirus Scare Keeps the Mood Down!
Baltic Index soaring but the moods remain pessimistic due to coronavirus scare.
China dependent markets are taking the hit.
Chinese holiday extension caused...
Cargo Loss Overboard Containership
OOCL Rauma reported at least 5 containers lost overboard in the North coast of Netherlands.
The ship was en route from Kotka Finland...
Weekly Maritime Security Report – Week 4, 2020
Protection Vessels International has released the 4th Weekly Maritime Security Report of 2020. The report summarized on 6th February 2020 highlights the various incidents...
Fixed Gas Detection System Sensor Parameters Outside Tolerance Level
The US Coast Guard has alerted the maritime community on issues found in fixed gas detection systems onboard liquefied gas carriers.
Summary of events
The International...
The Coronavirus Stranded Ship Gets A Port Call
WESTERDAM well into the Gulf of Siam and Thailand waters SW of Trat islands.
Cruise Lines International Association requests Thailand authorities to revise...
VV Report Highlights Poor Prospects for Tanker Market
VesselsValue has issued a new report after positive autumn and winter.
It analyses factors such as the lifting of US sanction, increased crude...
Distressed LPG Tanker Towed To Safety
An LPG tanker suffered engine problems in South Norway.
It was caught in stormy and was adrift at sea.
It was tugged to...
Poseidon Principles Use Ship Finance To Reduce Emissions
The Poseidon Principles are the first global climate alignment agreement between financial institutions and the shipping industry.
Aim is to cut greenhouse gas...
Concentrate on Long-term New Ships To Buy Time for the Chinese Oil Demand Rebound
Short term spike in the tanker market as geopolitical events and coronavirus outbreaks heightens.
The outbreak caused some short-term tanker rates to fall...