[Watch] What It Means To Be Stuck Between Covid-19 Pandemic & Oil Row
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...
Freight Market Hits a New Low, After a Weak Cargo Demand!
The past week was about the news of collapsing oil prices, as WTI reached negative prices.
Whereas, the start of this week the...
Global Oil Industry Starts COVID19 Recovery!
Sales at fuel stations, and pipeline flow all suggest that the slump in oil demand is recovering.
Oil traders believe it will take...
Why Petrol & Diesel Prices Remain The Same Despite Crude Crash?
Crude oil trends and prices experience bouts of volatility as storage fills across the world.
The historic rout in oil markets sent the...
Offshore Cargo Vessel Causes Unprecedented Logjam!
It usually takes just half a day to unload a massive cargo ship of its cars, but since demand is way down, a...
COVID19 Economic Collapse Staring at Oil Producing Nations!
According to an article published in Oilprice.com, a global upheaval is likely to result from the oil price crash, upending the current fragile balance...
USPS Ships Mail by Ocean Carriers Due To COVID-19 Airfreight Crunch
USPS is shipping mail and parcels to ten European countries via ocean freight.
This is due to widespread flight cancellations and restrictions due...
Increasing Number of VLOCs Phased Out Due To ‘No Operations’
The once attractive VLOCs are phased out due to safety concerns.
43% of the VLOC fleet has been sent to the scrapyards.
18%...
Weekly Bulk Report – Week 18, 2020
The Baltic Briefing has released a report about the dry bulk market of the 18th week of shipping activities of this year. The report...
World’s Largest Liner Puts Megamax Order Plans on Ice
Hapag-Lloyd has delayed its 23,000 teu newbuild plans as the liner faces up to the realities of plummeting demand for container transport due to...
