The Baltic Briefing has issued the tanker report for the 18th week of this year. The report dated 01st May 2020 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
A calm week in...
EU Energy Commissioner is keen to make a Green Deal part of COVID-19 recovery plan.
The cost of subsidies for electric vehicles is characterized as giveaways.
EU is eyeing the €200 billion as it spends every year subsidizing...
The United States Oil Fund was sitting on more than $700 million in unrealized losses at the end of March.
USO also booked actual realized losses of $466.4 million during March.
Several weeks before the market fully grasped...
There is a need to keep ships moving, ports open and crossborder trade flowing, while
ensuring that border agencies can safely undertake all necessary controls.
Facilitating trade and the transport of goods has become more important than ever, to...
Shipping industry is to face a range of technological, environmental and geopolitical challenges.
It will test the resilience of the maritime sector over the coming decades.
Firms have increasingly turned to liquefied natural gas (LNG) to reduce their...
According to an article published in the North, in response to the 2019-nCoV novel coronavirus outbreak, a number of countries, ports, and organizations are publishing details of the measures being put in place.
Summary of information
It comprises a brief summary...
Despite the several impacts caused by COVID-19 outbreak, DP World managed to keep its volume stable during the first quarter of 2020.
In total its revenue reached $7.6 billion, which included a like-for-like increase of 2.3% in its...
The practice of charterers using oil tankers for floating storage is certainly not a new concept. What’s different with the current demand for storage is the huge number of ships being time chartered for floating storage purposes due to...
According to a BBC report, The coronavirus outbreak has left business around the world counting the costs as it spread from China to every possible country in the world, making 2020 a disastrous year in just 3 months.
Today, we...
The oil prices have plunged deep.
Ships dawdle at sea with unwanted cargoes.
Traders take creative paths to stash oil.
The final chapter in the oil crisis has opened.
Therefore, great swathes of the petroleum industry are about...
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