Save Livelihoods, 87% of World Up for Per Capita Income Shrinking: IMF
How do you co-ordinate economic policy across the globe, when an invisible enemy that behaves in unknown ways systematically erodes the very way economies...
The Global Oil Glut! Arises a Surprise Winner!
The world witnesses historic OPEC+ production cut deal.
No oil demand across the world amid lockdowns and travel restrictions.
Oil storage capacity around...
Euronav’s Contango Opportunity, Can It Benefit from The COVID-19 Situation?
Euronav owns both the Europe and Oceania Ultra Large Crude Carriers, which it operates as floating storage.
The company also owns 39 VLCCs...
Shipping in for COVID19 Time Bomb As Restrictions Pile Up
“Terrible accidents” could be caused at sea if shipping crew changes continue to be blocked by coronavirus restrictions.
International maritime regulations require seafarers...
Maersk Tankers Goes on A Selling Spree, Sells MR1 Tanker
Maersk Tankers has downgraded it fleet by selling MR1 tanker Ribe Maersk.
It has been sold for $8m to an Indonesian buyer Waruna.
...
Pemex’s COVID-19 Distress, Too Much Fuel and Nowhere To Store!
Mexico’s Pemex has too much gasoline and nowhere to store it.
It has racked up significant ship fees as demand wanes because of...
Charter Rate Risks: Oil Market Contango and Tanker Breakeven Analysis
Current contango in oil markets with futures prices much greater than spot.
Tanker time charter rates have increased to near record levels.
Limited...
Difficult To Assess IMO 2020 Impact Until COVID19 Recedes!
In an article published in Ship Insight, Malcolm Latarche writes that it will be difficult to ascertain a full picture of how well the...
COVID19 Drags US Oil Price To 18 Year Low! Markets Crash!
US oil prices crashed Monday to a record low as the market continues to be roiled by an epic collapse in demand caused by...
COVID -19: The CARES Act By The US Is a Mess!
Hana Schank and Tara McGuinness, write for the Fast Company about the CARES Act, the relief measures the US has taken and the impending...
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