Feeder Volume Collapse Results in Baltic Feeder Suspension!
In a major development, Hapag-Lloyd has announced that they are suspending three of their six North European feeder services, as volumes in the region...
Maersk Reasonable Q1 Profits As Tougher Times Ahead!
According to a LoadStar article written by Mike Wackett, Maersk has said that it expects container volumes to contract by 25% in the second...
Thun Tankers Orders Its Second NaabsaMAX Product Tanker
Thun Tankers BV has placed an order for a second 4,250-deadweight product tanker, says a press release published on their website.
Second order placed
Thun Tankers...
Approval in Principle (AiP) for an Autonomous Ship Framework from ClassNK!
NYK and its group company MTI Co. Ltd. receive approval in principle (AiP) for an autonomous ship framework.
This is currently being developed...
Demand for Tankers and Floating Storages Plummet Amid COVID-19
Crude oil prices regained their footing in late April.
VLCC’s and suezmaxes reached $250,000 per day and $100,000 per day.
It is respectively...
What Will Drive the Extent of Oil and Gas Exploration Post COVID-19?
Oil demand crash amid COVID-19 and the subsequent lasting change in people's lifestyle may have already brought about peak oil demand.
The pandemic...
Electric Cargo Ship Successfully Completes Trails in Yangtze River
China has tested its homegrown electric cargo ship.
It has a load capacity of 1,000 metric tons.
It was tested at the Yangtze River...
ONE To Add 5,000 Reefer Containers To Its Fleet
ONE has planned to add 5,000 more refrigerated containers to its fleet.
200 containers will be equipped with advanced controlled atmosphere (CA) technology.
...
Day of Reckoning for Ship Repairing As COVID19 Increases Docking by 70%!
According to an article in Sea News, The CEO of InfraStrate, John Wood, an experienced maritime engineer says that there will be a day...
Oil Tankers Favouring Cape of Good Hope Route To Cut Costs
Supertanker New Vigorous arrived at a port in northern France Cape of Good Hope.
The journey takes almost twice the time as the...
