[Watch] A Shipping Company Loses Its Second Vessel!
A container ship and a bulker were involved in an accident in the waters north of Indonesia, and both the vessels were grounded, reports...
Singapore-Based Executive Ship Management Conducts First Ever Remote TMSA!
Singapore-based Executive Ship Management (ESM) successfully completes the first ever digitally conducted remote Tanker Management Self-Assessment (TMSA) audit by an oil major this...
Environmental Advantages of Using Wärtsilä Fuel Efficiency Boost in KOTC!
The technology group Wärtsilä, to upgrade the performance of four vessels owned by Kuwait Oil Tanker Company (KOTC).
The performance upgradation is done...
Fifteen Seafarers Remain Stranded on Rudder-less Tanker Ship!
The International Transport Workers' Federation (ITF) reported that 15 seafarers remain stranded onboard the Spanish-flagged ship MV Celanova.
The vessel does not have...
Singapore’s First Commercial Drone Delivery Launched!
On April 19, F-drones completed the first commercial beyond visual line of sight (BVLOS) drone delivery in Singapore.
The 2.7 km flight delivered...
[Infographic] COVID19 Impact on Port Capacity Utilization
The IAPH-WPSP Port Economic Impact Barometer survey outlines the port capacity utilization with respect to the COVID-19 pandemic.
Warehousing and distribution activities in ports may...
COVID19 Oil Crisis Can Lead To Permanent Workforce Loss for Oil...
A career in oil used to be an attractive option for college students and high school grads alike but now everyone seems to be...
What Seafarers Face Inside A Pirate Attack!
A Seafarer's life is full of risks and challenges especially if they are working in a piracy prone area. Here's a story of one...
[FAQ] COVID19 Exposure Measures for Shipowners and Crew!
As the COVID19 pandemic is making life and trade miserable, we all need to take adequate measures to mitigate the exposure risks, especially one...
Floating Storage Clauses – What Is Covered & What Isn’t?
As floating storage gains momentum and tankers are taken out of the market to store oil, the floating storage clauses have become important. So,...
Freight Rates Remain Steady Despite Container Rollover Increase!
According to a LoadStar article written by Mike Wackett, Ocean carriers are successfully underpinning freight rates through capacity discipline, with reports of container rollovers...
COVID19 Stranded Seafarers To Be Evacuated!
Stranded indian seafarers reaching out to government to help them reach home.
Indian government tracking seafarers all over the world and planning for...
World’s Largest Container Line Shares Fall by 6%!
Shares in A.P. Moeller-Maersk fell more than 6% this week recently.
This happened after the Danish shipping giant warned of a sharp drop...
Shandong Province To Expand its Crude Storage Capacity by 64.54...
Shandong province is known as the Texas of China's oil refining sector for decades.
It is set to expand its crude storage capacity...
Gates Emphasizes on The Scientific Advances To Stop Covid – 19!
There was an exponential spread of coronavirus in a number of countries, starting with China and then throughout Asia, Europe, and the United...
What Will Drive the Extent of Oil and Gas Exploration Post...
Oil demand crash amid COVID-19 and the subsequent lasting change in people's lifestyle may have already brought about peak oil demand.
The pandemic...
Global Risk Management Firm Offers Customized Maritime Cyber Coverage
Willis Towers Watson has launched a new type of cyber insurance cover designed specifically for shipowners called CyNav.
CyNav, addresses cyber threats in...
Electric Cargo Ship Successfully Completes Trails in Yangtze River
China has tested its homegrown electric cargo ship.
It has a load capacity of 1,000 metric tons.
It was tested at the Yangtze River...
Texas Light Sweet Crumbles in Symmetrical Triangle!
WTI June Futures refreshes intraday low to near 100-HMA.
A short-term symmetrical triangle limits immediate moves.
200-HMA, early-month tops offer strong downside support.
While...
Non-Pharmaceutical Interventions To Mitigate Effects of COVID-19!
The outbreak containment strategies in China based on non-pharmaceutical interventions (NPIs) appear to be effective.
But quantitative research is still needed to assess...