Weekly Vessel Scrapping Report – Week 21, 2020
Below table is the most recent changes in the world fleet every week, with respect to which vessels have been sold for demolition in...
Tanker Industry Supercycle To Amp Up International Transportation Provider!
Large increase in Middle East refineries.
Longer distances will decrease the tanker supply.
Tighter lending market will keep the fleet size steady.
Scorpio Tankers...
Ship Recycling Services To Resume as COVID-19 Lockdown Eases
The Ship Recycling industry is expected to resume its operations soon.
With many countries easy restrictions and lockdowns, services might resume soon.
Price...
COVID19 Forcing Switch To Electron Bill of Lading, Saves Shipping Costs!
In a major development, the Digital Container Shipping Association (DCSA) has gone on record stating that the container shipping industry could save itself up...
Recycling Ban Temporarily Suspends Scrap Exports
The Bureau of International Recycling has alerted its members.
It announced that the UAE will suspend exports of ferrous scrap and recovered paper.
...
Cosco – Selective Marine Newbuild Deal
Cosco Shipping Heavy Industry has fixed a newbuild jackup rig, with UAE-based Selective Marine Services, says an article published in Splash 247.
About the deal
Cosco...
Japan Expands Its Entry Ban To Prevent Coronavirus Spread!
Japan expands its entry ban to visitors from various nations in effort to contain the spread of the new coronavirus, reports Kyodo news.
Entry ban
Japan...
Industrial Ministry To Offer EGP 1.19bn Relief Fund in 4 Months!
The Egyptian MSMEDA has allocated EGP 1.19 billion in funding to 48,743 small and micro projects during the first third of 2020.
The...
COVID19 Daily Business Update
As days pass by and the covid19 situation develops it is paramount to gain knowledge of what's going in the world. Keeping that in...
NSC Renews Fleetwide Agreement To Help COVID19 Crew Digital Connectivity!
In a major development,NSC-Group, a leading technical and operational shipmanager, has announced that they have renewed their agreement with Marlink for the provision of...
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