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...
Drone Assisted Survey Enables Monitoring from A Safe Distance
A recent marine case study published in Lloyd’s Register explains its drone-assisted survey of CSL’s vessel. Bulk cargo carrier operator, CSL uses drone technology...
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...
Asia-Pacific Refineries Increase Running Costs Due To COVID-19
Refineries in Asia-Pacific are further reducing throughput due to storage issues.
They are halting operations as governments introduce strict measures to combat the...
What the Future Holds for the Drybulk Industry Amid Global Recession?
Rates for Capsizes are at the capacity of around 180,000 deadweight tons.
Prior to 2009, vast fortunes were made in dry bulk.
The...
All You Need To Know About N95 Respirators! Do You Need...
N95 respirators have gained prominence amid the COVID-19 pandemic.
Respirators are designed to create a seal around the face so they filter out...
[Watch] Corona Alert! High Temperature and Humidity Destroys Virus!
A number of research studies are being carried out to control the spread of coronavirus.
Coronavirus does not survive long in high temperatures...
ABS Pioneers 3D Models for Class Surveys
The US-based classification society, ABS informed that they have successfully completed a pilot project using 3D digital models for class surveys.
Through this...
COVID-19 Onboard: Master and CO Test Positive!
Master and Chief Officer of Italian tanker test positive for Coronavirus.
The rest of the crew tested negative.
Tanker remains berthed at Antwerp...
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...
Key Points To Avoid Cyber-security Threats During COVID19
According to a Safety4Sea report, Interpol has warned that cyberthreats are constantly evolving in order to take advantage of online behaviour and trends, and...
US Oil Price Turn Negative Signalling That ‘Big Cuts’ Aren’t Enough!
The price of US oil has turned negative for the first time in history, writes Andrew Walker, the BBC Economics Correspondent in an article...
[Answer] How To Screen Crews for COVID19 Prior Boarding A Ship?
As COVID19 wreaks havoc in the world, shippers are at increasing risk, specially when at ports during crew changes. Keeping this in mind, Martek...
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...
Human Trials for COVID-19 Vaccine Begins!
Human clinical trials of a potential coronavirus vaccine are all set to begin.
It is being developed by scientists at the University of...
MSC Website Survives A Deadly Cyber Attack!
MSC was subjected to a cyberattack after its website crashed.
SeaIntelligence Consulting partner Lars Jensen suggested it was the result of a successful...
ABS Unveils Trends and Projections To Achieve Decarbonization
ABS has unveiled the latest trends and projections on carbon-reduction strategies.
It comes at the right time as the shipping industry is looking...
SMA To Extend ‘Expiring’ STCW Certificates in the Light of COVID-19
Singapore Maritime and Port Authority plans to extend ‘expiring’ STCW certificates.
The extension for expiring certificates will be provided for a period of...
