The coronavirus has already created a deep global recession.
In the best-case scenario, the virus may last one quarter. In the worst-case scenario, the virus will spread havoc for a year.
Conventional recessions can be tackled by loose...
Laden LNG tanker heading to China from U.S., first since March 2019.
The tanker SK Resolute loaded the cargo from the Cameron LNG terminal on March 22, iInitially heading to Cristobal, Panama.
The tanker's destination was changed to...
The Baltic Briefing has released a report about the dry bulk market of the 13th week of shipping activities of this year. The report dated 27th March highlights the plight of the dry bulk market at the on-sight of...
Italy's maritime sector has slowed due to lockdown and undercut trade connections with the rest of the world.
The country’s shipowners asked for direct state funding for over three years.
They have requested an 18-month moratorium on all financial...
Corpus Christi's port has operated continuously in the weeks amid COVID-19 threats.
The virus began spreading in the United States and throughout Texas.
Port personnel is working remotely and cleaning efforts at port facilities have significantly stepped up.
...
In a major development, the Paris MoU has announced that they have developed temporary guidance for its Member Authorities during the COVID-19 crisis, reports Safety4Sea.
What is it?
The current situation amid COVID-19 pandemic has made Member Authorities to implement national...
The Baltic Briefing has issued the tanker report for the 13th week of this year. The report dated 27th March 2020 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
Activity in the Middle...
Maersk to cut services as demand falls, writes James Baker for Llyod's List.
Box volumes are expected to shrink this year. After blanking sailings already, Maersk is now preparing to match its network to reduced demand.
As hopes of a demand-driven...
In a recently published report, Rystad Energy notes that the coronavirus pandemic should be expected to last for the entirety of 2020 and provides possible scenarios and impact on the global energy markets, reports Safety4Sea.
Mitigating the Virus Impact
The new...
Consort Shipping Exercises ‘Contactless’ Port Calls to reduce human interaction between crew and the workers ashore to the minimum.
Final crew changes for the next three months were issued and has stopped all ship shore human interactions except...
