VLSFO Exports in Asia Persists As Coronavirus Impacts Gasoline Demand
Weak gasoline prices have led Formosa, which operates one of Asia's ten largest refineries, to lower throughput at its residue fluid catalytic crackers (RFCC),...
Can Long-term Charters Insulate Carriers from Coronavirus Effect?
According to a LoadStar article written by Mike Wackett, charters are actually helping shipowners and shielding them from the coronavirus effect.
Take the case of...
Maersk Spot Makes Online Bookings Easier, Faster, and Simpler
The industry continues to face the challenge of highly volatile overbooking rates with an average of 20-30%, making it difficult to plan operations.
...
Weekly Bulk Report – Week 9, 2020
The Baltic Briefing has released a report about the dry bulk market of the 9th week of shipping activities of this year. The report...
Coronavirus Pandemic: Can It Be a Force Majeure Event?
The World Health Organisation recently declared the novel coronavirus a public health emergency of international concern.
Companies will need to consider their obligations...
Weekly Tanker Report – Week 9, 2020
The Baltic Briefing has issued the tanker report for the 9th week of this year. The report dated 28th February 2020 provides a valuable...
World’s Largest Shipper Warns on Coronavirus Impact After Q4 Sharp Gains
Frontline's net profit for the October-December period rose fourfold year-on-year to an 11-year high of $108.8 million.
The group warned that its results...
COVID19: Gatherings Banned and Travel Suspended Worldwide
Europe, the Middle East and the Americas roll out bans on big gatherings and travel restrictions as cases of the new coronavirus spread...
Maersk Underlines Key Financial Risk Areas As Coronavirus Hits Container Liners
As the coronavirus crisis continues, and begins to impact global share prices, Maersk’s guidance for a mid-point lower ebitda of $200m less than 2019...
Maersk $5.0bn Credit Facility To Help in Sustainable Vessel Solutions!
In a major development, A.P. Moller - Maersk has announced that they have secured a new sustainability-linked revolving credit facility of $5.0bn through a...
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