Floating Storage Clauses – What Is Covered & What Isn’t?
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...
Infographics Show Global Economic Impact of COVID19!
According to a BBC report, The coronavirus outbreak has left business around the world counting the costs as it spread from China to every...
COVID19 Oil Crisis Likely To Shut Down the Oil Industry!
The oil prices have plunged deep.
Ships dawdle at sea with unwanted cargoes.
Traders take creative paths to stash oil.
The final chapter...
A Look at the Global Oil Surfeit in Images!
A pandemic-led demand crunch is causing storage tanks around the world to fill up with oil that no one wants.
Nearly 90% of...
Massive Number of Tankers Anchored in Singapore – Are Players At Risk?
Hin Leong Trading and Ocean Tankers filed for bankruptcy protection.
Singapore hosts the largest number of oil tankers at anchor in the world.
...
Looking Beyond COVID19 – How Maritime Trade Should Prepare!
Singapore port is showing how you can hold it steady during a pandemic and look beyond it.
Its high-end bunkering facility, digital technology...
Drybulk Shipping Rates Plunges Due To A Lull in Global Economy
According to an article published in Seeking Alpha and authored by Clark Schultz, the Baltic dry index is facing a plunge due to a...
Ship Owners Cut Back on New Ship Acquisitions and Investments
The demand for new ship acquisitions is diminishing.
Shipowners are refraining from more investments.
Owners are adopting a more cautious approach to their...
Baltic Exchange Adds New OPEX Assessments for Tankers
The Baltic Exchange added quarterly assessments of the cost of operating crude oil carrying Aframax tankers and clean product carrying Medium Range (MR) tankers...
Ship Owners’ Rights To Refuse To Call at a Port in COVID-19 Situation!
The plight of cruise ships, stranded off shore with sick passengers and crew has been the news in recent past. e
The current...
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