Floating Storage at Record High on Asia Inventory Logjam!
According to a Lloyd's List report, floating oil storage is at a record high now as more than 275m oil barrels is tracked by...
Ships Altering Tracking Transponders To Be Fined!
According to a Reuters report, Panama’s Maritime Authority said it will impose sanctions on vessels, including fines of up to $10,000 and withdrawing its...
Fluctuating Bunker Prices Puts An End To TC Revenue
Bunker prices fluctuate with the oil markets but even after stripping out the effects of crude, prices between ports are still extremely volatile.
As a result,...
How The Asian Practice of Flushing Sinuses Helped Tame COVID19!
The coronavirus pandemic has had global reach, affecting most developed nations within weeks of it taking over the Wuhan province of China from which...
Fire Onboard Puts Ship in Trouble But Crew Members Safe
FPSO TERRA NOVA, positioned E off Newfoundland and Labrador in the Atlantic, suffered fire on board either early May 30 or late May 29.
What...
Viswa Lab Analyses The Cost of Shipping Oil Around the Globe!
The OPEC + strong production cut bolstered the crude prices by almost 80% and slashed the amount of crude oil movements around the world,...
Cancelled 2020 R&D Leadership Shows COVID19 Reality!
In March 2020, due to coronavirus fears, RDL organizers decided to pull the plug, following other big events such as South By Southwest...
Maritime Accidents Monthly Report May 2020
Maritime Bulletin (MB) recently published the list of accidents they reported. MB finds about maritime accidents involving merchant marine ships at the earliest.
Accidents reported
MB...
Increasing Number of Countries Rush To Avail Dry Dock Services
Oman Dry Dock Company is surging ahead with carrying out repairs.
More than 35 countries are benefiting from the dry dock services of...
DOF and DOF Subsea Standstill Agreements
DOF will impose standstill agreements unilaterally, even for those lenders who have not entered into an agreement with the company, reports Splash 247.
Standstill agreements
Norway's...
Ship Captain Charged for Container Spillage!
APL's shipmaster has been charged with offenses related to pollution and/or damage to the Australian marine environment.
Shipowner APL Singapore, insurer Steamship Mutual,...
China Merchants Energy Inks Shipbuilding Contract Worth $166.3m
China Merchants Energy Shipping (CMES) inks a shipbuilding contract with Dalian Shipbuilding Industry (DSIC) for the construction of two VLCCS, reports Splash 247.
Fuel consumption
Delivery...
12% Clean Trading LR1 Tankers Tied Up in Floating Storage!
12% Clean trading product tanker fleet tied up in storage.
13% of the LR2 product tanker fleet in storage, 16% of the LR1...
Bunker Industry Heading Towards Consolidation and Credit Lines
Financial times are bringing the issue of credit lines to the forefront.
Marine fuel sellers are essentially acting as financing houses for ship...
RightShip Launches New Safety Score for Risk Management!
RightShip launches new Safety Score, heralding a new era for safety and risk management in the maritime industry.
RightShip will transition to a...
Terminal Operator Sues Shipping Company for Carrier Departure Damages!
Maersk told GCT that it was preemptively leaving and switching calls to its own company’s facility, the APM Terminals (APMT) site in Elizabeth,...
Ship Master Arrested! Vessel Seaworthiness To Be Analyzed
Ship's heavy rolling caused container stacks to collapse, with 40 boxes flung overboard.
Sydney beaches had been forced to close after face masks...
Improper Bridge Procedures Cause Grounding of Ship!
In its June monthly safety scenario, the Swedish Club reports of vessel that ran aground because the bridge team did not monitor the vessel's...
Crew Missing from Grounded Cargo Ship!
Cargo ship sank off Ningbo with one crew missing, writes Mikhail Voytenko for Maritime Bulletin.
Cargo ships runs aground
Cargo ship Lian Hang 7 ran aground...
As COVID19 Dents Container Lines Profit Liner Industry Speculate Mergers!
According to a LoadStar article written by Mike Wackett, Niche carrier Wan Hai was the only Taiwanese container line to post a net profit...