According to an article published in Business Insurance, Experts are of the opinion that COVID19 lockdown, border restrictions, and supply chain disruptions has heightened the loss prevention and control concerns for ship owners and marine insurers.
Unintended COVID19 Impact -...
The top shipping containers companies in the USA are based on the information from Alphaliner.
It is based on the record of the size of the container ship fleets based on twenty-foot equivalent units (TEUs).
This is how...
Container shipping companies are on the brink of collapse due to COVID-19 restrictions.
Liners are cutting costs to counter the missing volume and to have sufficient liquidity.
Hapag-Lloyd has canceled about 15% of its scheduled sailings on major...
Shipping lines have realized the benefits of consolidation during the virus pandemic, with the sector seeing a new competitive platform.
The impact of the pandemic on container shipping is at its peak, from an export perspective.
The future...
In a major development, the shipping giant Maersk has announced that the COVID19 pandemic has resulted in record use of their of the app as shippers go for online mode of operations and container tracking, says a press release...
As COVID19 continues to disrupt shipping by giving less access to ports and crew for smooth operations, shipping lines are strategizing to store containers at ports, a move that could potentially be harmful, writes Mike Wackett in an article...
U.S. West Texas Intermediate crude oil futures are up for a third straight session.
As major producers began output cuts to offset a slump in fuel demand triggered by the coronavirus pandemic.
The data showed U.S. crude inventories...
A cargo ship full of 2,000 Nissans and Infinitis had to float off the coast of LA.
The port was crammed with unsold new cars with no room to unload them.
The ship was carrying scores of new...
Small businesses struggle stuck between Covid-19 pandemic and the Russia-OPEC oil feud, says Craig Horn for an article published in CNBC.com.
What happened?
He said first the small businesses were hit by an oil feud between Russia and OPEC, then by...
The past week was about the news of collapsing oil prices, as WTI reached negative prices.
Whereas, the start of this week the award for ‘biggest faller’ is given to the freight markets.
Just as you had thought...
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