COVID-19: LNG May Face Same Fate as The Oil Industry
Rystad Energy reported that oil has been negatively impacted when compared to other fuels.
Oil prices plunged to historical lows and storage filling...
Seafarers Forced To Offload Cargo by Owners Amid COVID-19 Scare
10 seafarers of the vessel MV Tomini Destiny allege harassment from owners.
They were forced to offload cargo at Chittagong, Bangladesh by the...
Containers Using Cape of Good Hope Route Cost Suez Canal $10m
An increasing number of container lines are routing vessels via the Cape of Good Hope.
This move will cause the Suez Canal Authority...
IMSA Unveils ARMS Platform To Enhance Operations Amid COVID-19
IMSA has launched the Automated Risk Management Solution (ARMS) software platform.
It provides updates under real-time circumstances concerning COVID-19.
The data is coupled with location-specific risk...
Cargo Pump Malfunction Leads To Third Degree Burns!
The UK P&I Club has issued a guideline named "Risk Focus: Burns" which highlights the danger burn injuries experienced by crew members, the required...
Shipping Sector See ‘New Competitive Landscape’ Amid Pandemic Crisis!
Shipping lines have realized the benefits of consolidation during the virus pandemic, with the sector seeing a new competitive platform.
The impact of...
Containership Cuts Her Voyage Short To Medevac Crew Member!
Container ship Lexa Maersk interrupted voyage to medevac a crew member.
A probable quarantine was mentioned on the vessel.
Seaman has been already...
COVID19 Boosted Maersk Online Container Tracking App Usage!
In a major development, the shipping giant Maersk has announced that the COVID19 pandemic has resulted in record use of their of the app...
COVID19 Stranded Containers Facing New Temporary Port Storage Risks!
As COVID19 continues to disrupt shipping by giving less access to ports and crew for smooth operations, shipping lines are strategizing to store containers...
Carriers Face Scrubber Investment Washout As Oil Continues To Fall!
According to a Loadstar report by Mike Wackett, the strategy of carriers, such as MSC, Evergreen and HMM, to heavily invest in exhaust-cleaning scrubbers...
Product Tanker Market Awaits A ‘ Supercycle’ As Storage Demand Rises!
A price war and demand destruction because of the coronavirus pandemic have sent oil markets into a whirlwind during the past two months, writes...
First COVID19 Vaccine Trial in Closest Human Like Animal Successful!
In a major development, China has declared that a coronavirus vaccine developed in China has been proven effective in monkeys, reports CGTN.
What is it?
PiCoVacc,...
Why the Oil Market Would Be Bullish Over $20.27?
U.S. West Texas Intermediate crude oil futures are up for a third straight session.
As major producers began output cuts to offset a...
[Watch] Thirsty Man Jumps on Moving Truck To Drink Wine!
Video of the wild ride published in GoodDay website was recorded on the Cherokee Freight Lines tanker truck Moreno allegedly targeted.
The Modesto CHP arrested...
Three-fold Increase of Piracy Incidents in Asia During Q1, 2020!
ReCAAP ISC report shows a three-fold increase of piracy incidents in Asia during Q1, 2020, says an article published in Safety4Sea.
Q1 2020 piracy report
ReCAAP...
China’s First-ever Quotas on Bunker Exports Could Limit LSFO Imports!
Chinese authorities gave a rebate on the 13pc value-added-tax (VAT) paid on sales of fuel oil into bonded market from February 1.
Total...
Safe Interface Guidelines To Control Spread of COVID-19 Prior To Boarding...
The International Group, in partnership with shipping industry associations, launched guidance for safe interface between ship and shore staff, reports AmericanClub.com.
Guidance for interaction
The International...
Leaking Steam System Valve Caused Severe Hand Burns!
A recently published report by UK P&I CLUB brings to light the various real-time accidents related to burns that had taken place in ships. ...
Pressure on Global Crude Oil Pricing!
Oil prices turned negative as optimism that had previously supported prices began to fade.
Earlier oil moved higher on several bullish factors, including...
Ship Loaded With 2,000 Nissans and Infinitis Floats Off The LA...
A cargo ship full of 2,000 Nissans and Infinitis had to float off the coast of LA.
The port was crammed with unsold...
