[Answer] What Does ‘Markets Are in Contango’ Mean?
As the container market continues its ride through pandemic highs and lows, it has become essential that shippers knew about certain market terms such...
WHO Sounds Alarm Bell After COVID19 Cases Rise To 1Million in...
According to a Reuters report, the number of coronavirus infections around the world hit 13 million on Monday, according to a Reuters tally, climbing...
CSSC Orders Two 50,000 dwt Dual Fuelled Product Tankers
CSSC Shipping orders two product tankers for Louis Dreyfus charter at Chengxi Shipyard, says an article published in Splash 247.
About the order
CSSC Shipping, the...
Cargo Ship Broke In Two and Sank
A recent Maritime Bulletin news report about two different cargo ship accidents in SEA where a cargo ship broke and sank while another cargo...
Shippers Pushed To Pay High Premiums To Avoid Rollover
80% of shippers feel they have to pay premiums of $400 to $500 per container on the deepsea trades to avoid rollover.
Load...
Supertanker Rates Bounce Back While Stocks Languish
Rates for very large crude carriers have jumped well off recent lows.
VLCC spot rates have not been this high at this time...
Country Gives Formal Consent for Pollution Prevention Conventions
Japan deposited its instruments of accession to the International Convention on Civil Liability.
It has acceded for bunker oil pollution damage and the...
Oil Tanker With 22 Crew Members Missing, Location Unknown!
The crew of MV Gulf Sky was under arrest under a UAE Admiralty Law injunction.
It had been issued a Prohibition to Sail...
Carnival Corporation To Sell 13 Ships Due To COVID-19
Carnival Corporation will sell a total of 13 ships this year.
It seeks to cut capacity in the wake of the Covid-19 outbreak.
...
Castor Maritime Inc. Ventures Into New Charter Agreement
Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced that...
Weekly Bulk Report – Week 28, 2020
The Baltic Briefing has released a report about the dry bulk market of the 28th week of shipping activities of this year. The report...
Treatment of Wastewater from Scrubbers Successful Reducing Sulphur Levels
Prime Lake Technology Sweden AB has successfully completed a pilot test for the elimination of harmful contaminants found in wastewater generated from open-loop...
LR’s FPSO Maintenance Optimisation Reaps A £15 Million Savings
Operators could save £15 million per asset by leveraging technology to identify unnecessary maintenance, according to new findings by Lloyd's Register.
As much...
COVID19 Pandemic Makes Way for ‘Telehealth’, Says Patient Satisfaction Survey
Nearly three-quarters of patients accessed their first-ever telehealth visit during the first wave of the COVID-19 pandemic, and most of them reported high...
ICS Makes Urgent Plea for Crew Changes
Speaking to the Ministerial International Maritime Summit on Crew Changes hosted by the United Kingdom in London, Mr Platten demanded that seafarers to...
Yang Ming Reaches Emission Cut-Off Target Ahead of Schedule
Yang Ming Corp. formulated plans to build an echo-friendly fleet with the aim to proactively enhance ship energy efficiency and reduce greenhouse gas...
Singapore Bunker Sales Climb Up Despite Container Volumes Dip
The Port of Singapore saw a 1% drop in container volumes in the first half of 2020, but bunker sales were up 3.7% in...
Cargo Vessel Rescues Stranded Mariners
American cargo ship rescues mariners in distress in the Pacific, reports Mike Schuler for gCaptain.
Crew rescue mariners
The crew of the Matson cargo ship MV...
TOC Digital: Webinar on ‘Accelerating Digitalization’
TOC Digital invites all to “Accelerating Digitalization” – the second of TOC Digital’s three-part ‘DEEP TECH’ webinar series.
Cyber-threats
The threat of cybersecurity is often ranked...
Britain Launches Brexit Info Campaign Ahead of December End Term
In a major development, Britain is urging businesses and individuals to prepare for the Dec. 31 end of the Brexit transition period with an...
