Oil Giant Puts Back Few Floater Projects!

Petrobras admits some floater projects off Brazil may be postponed, writes Fabio Palmigiani for Upstream. Floating production storage Brazilian oil giant Petrobas has 13 FPSOs...

Wilhelmsen Reports First Quarter 2020 Results

Good operational performance overtaken by significant fall in financial asset values. This has resulted in a USD 284 million net loss for the...

AMP Halts Anchorage Tariff for Panama Flagged Vessels!

AMP suspends anchorage fees for 90 days to Panama-flagged vessels above 500g and to foreign-flagged vessels for 60 days. Charges will be applied...

[Answer] How To Establish A COVID19 Safety Control Measure Onboard...

As COVID19 continue effect world trade and how businesses function, ships and crews are in jeopardy on ways to tackle the situation. To help...

All the Details on How COVID19 Vaccines Are Being Developed!

Bill Gates had made a  comprehensive list of all the advances made by medical science in finding a vaccine for coronavirus. The article published...

Hapag-Lloyd Maintains 2020 EBITDA Despite COVID-19 Demand Fluctuations!

Hapag-Lloyd maintains its 2020 EBITDA guidance of €1.7bn-2.2bn, despite unpredictable fluctuations in demand, reports The LoadStar. First-quarter EBITDA Hapag-Lloyd announced that it was maintaining its...

[Watch] Top 5 Ship Management Leaders Join To Handle The Current...

  Ocean Technologies Group creates a forum on the name CEO Leader Series for discussion to overcome this COVID-19 pandemic. Top 5 Maritime names...

Carrier Reports $27m Loss in Q1 Due To Decline in Volume

Yang Ming recorded a $27m net loss for the first three months of this year It reported $11m loss by its dry bulk...

Lifetime Opportunity for One Lucky Trader During The Oil Crisis!

The day oil prices turned negative will likely be remembered as the climax of the darkest period ever for the petroleum industry. But...

Cargo Ship Rams Into The Lock’s Gate Causing Serious Damage!

A general cargo ship rammed into the Lock's gate while entering Kiel Canal in Brunsbuettel, in the evening May 17. Both the ship and...

[Watch] Vaccine Developers Band Together in One Large Trial To Fight...

  The US sets forth on an unprecedented effort to come up with vaccines in record time. It is dubbed "Operation Warp Speed" by...

Weekly Bulk Report – Week 20, 2020

The Baltic Briefing has released a report about the dry bulk market of the 20th week of shipping activities of this year. The report...

NYK Line and MTI Gets ClassNK AiP for Their Autonomous Ship...

ClassNK grants AiP for the joint project by NYK Line and MTI on the concept design of an autonomous ship framework, reads a press...

Improper Purging of Furnace Caused Dangerous Explosion

The UK & PI CLUB has given a brief report titled "Risk Force: Burns" concerning the recurring fire accidents that had taken place in...

FOBAS Alerts on Low Flash Point Distillate Marine Fuel Oil in...

FOBAS issued an alert regarding the presence of low flash point marine fuels in Antwerp, reports Manifold times. FOBAS safety concern The Lloyd’s Register Fuel Oil...

Foreign Flagged Ships Detained in the UK During April 2020

The Maritime and Coastguard Agency (MCA) announced that five foreign flagged ships remained under detention in UK ports during April 2020 after failing port...

CDC Plans Sweeping Seroprevalence Research To Track Coronavirus Spread!

CDC is reportedly planning to launch a nationwide study in 25 metropolitan areas testing blood from donors to examine the spread of coronavirus...

General Cargo Carrier Runs Aground Twice!

Latvian freighter gets double grounded at Denmark, writes Nikolay Torkin for Maritime Bulletin. Rix Amethyst runs aground General cargo ship Rix Amethyst ran aground while leaving...

P&I Claims: Wet Cargo Damage Due To Hatch Cover Leaks

Over 40% of all P&I claims are due to damaged cargo caused by water ingress from hatch covers. Even the smallest leak can...

OPEC Reduces 2020 Crude Demand by 2.23 Million BDP

Price of a barrel has dropped -0.93% from a high of $26.94 bbls to a low of $25.27 bbls. OPEC members are scrambling...