Yearly Archives: 2021
BIMCO Issues Weekly COVID19 Report Focusing Crew Change Rules
The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for...
2020 Maritime Lessons & the Future of Shipping
The Maritime Industry like the rest of the world had a turbulent time last year due to covid situation and as we start this...
Oxford Vaccine Not Effective Against South African COVID Strain
University of the Witwatersrand and Oxford University research shows vaccines have reduced efficacy against mutation, says an article published in the Guardian.
Limited Protection Against...
Freight Shipping Steaming Ahead The Covid-19 Pandemic
Maritime container freight shipping is steaming ahead through the Covid-19 pandemic, boosted by strong demand for Chinese exports and a shortage of vessels according...
The Biggest Dumpers of 2020 – A Ship Breaking Analysis
630 ocean-going commercial ships and offshore units were sold to the scrap yards in 2020. Of these vessels, 446 large tankers, bulkers, floating platforms,...
Exxon Make Amends But Not Much Change Exxon Mobil’s Strategy
Exxon reported its first annual loss in at least three decades, reports Bloomberg Quint.
Within that, it took a $19 billion impairment.
Free cash...
Maersk Essen To Rejoin Regular Service After Weather Related Accident
Maersk has given clients hope their delayed shipments on the 13,100 teu Maersk Essen may get to Los Angeles within a couple of weeks, reports...
d’Amico Buys Back Leased Product Tanker
d’Amico International Shipping S.A., announces that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”), exercised its purchase option on the MT High Priority,...
Hyundai Heavy Industries Cancels $872.6m VLCC Construction Contract
The global VLCC orderbook has seen a sizeable chunk removed this week, reports Splash247.
The cancellation
South Korea’s Hyundai Heavy Industries and sister yard Hyundai Samho...
China’s Shipping Industry Experiences Extreme Shortage Of Containers
Chinese exporters suffer from extreme shortage and rising costs of shipping containers, which strand in America and Europe due to the COVID-19 pandemic, reports...