Shipping Sector See ‘New Competitive Landscape’ Amid Pandemic Crisis!
Shipping lines have realized the benefits of consolidation during the virus pandemic, with the sector seeing a new competitive platform.
The impact of...
Containership Cuts Her Voyage Short To Medevac Crew Member!
Container ship Lexa Maersk interrupted voyage to medevac a crew member.
A probable quarantine was mentioned on the vessel.
Seaman has been already...
COVID19 Boosted Maersk Online Container Tracking App Usage!
In a major development, the shipping giant Maersk has announced that the COVID19 pandemic has resulted in record use of their of the app...
COVID19 Stranded Containers Facing New Temporary Port Storage Risks!
As COVID19 continues to disrupt shipping by giving less access to ports and crew for smooth operations, shipping lines are strategizing to store containers...
Carriers Face Scrubber Investment Washout As Oil Continues To Fall!
According to a Loadstar report by Mike Wackett, the strategy of carriers, such as MSC, Evergreen and HMM, to heavily invest in exhaust-cleaning scrubbers...
Product Tanker Market Awaits A ‘ Supercycle’ As Storage Demand Rises!
A price war and demand destruction because of the coronavirus pandemic have sent oil markets into a whirlwind during the past two months, writes...
First COVID19 Vaccine Trial in Closest Human Like Animal Successful!
In a major development, China has declared that a coronavirus vaccine developed in China has been proven effective in monkeys, reports CGTN.
What is it?
PiCoVacc,...
Why the Oil Market Would Be Bullish Over $20.27?
U.S. West Texas Intermediate crude oil futures are up for a third straight session.
As major producers began output cuts to offset a...
[Watch] Thirsty Man Jumps on Moving Truck To Drink Wine!
Video of the wild ride published in GoodDay website was recorded on the Cherokee Freight Lines tanker truck Moreno allegedly targeted.
The Modesto CHP arrested...
Three-fold Increase of Piracy Incidents in Asia During Q1, 2020!
ReCAAP ISC report shows a three-fold increase of piracy incidents in Asia during Q1, 2020, says an article published in Safety4Sea.
Q1 2020 piracy report
ReCAAP...
China’s First-ever Quotas on Bunker Exports Could Limit LSFO Imports!
Chinese authorities gave a rebate on the 13pc value-added-tax (VAT) paid on sales of fuel oil into bonded market from February 1.
Total...
Safe Interface Guidelines To Control Spread of COVID-19 Prior To Boarding...
The International Group, in partnership with shipping industry associations, launched guidance for safe interface between ship and shore staff, reports AmericanClub.com.
Guidance for interaction
The International...
Leaking Steam System Valve Caused Severe Hand Burns!
A recently published report by UK P&I CLUB brings to light the various real-time accidents related to burns that had taken place in ships. ...
Pressure on Global Crude Oil Pricing!
Oil prices turned negative as optimism that had previously supported prices began to fade.
Earlier oil moved higher on several bullish factors, including...
Ship Loaded With 2,000 Nissans and Infinitis Floats Off The LA...
A cargo ship full of 2,000 Nissans and Infinitis had to float off the coast of LA.
The port was crammed with unsold...
Container Charter Market Nosedives ‘From Boom To Bust’!
Ocean carriers scramble to reduce costs due to plummeting demand for liner services.
The next major reason cited is the off-hiring of chartered...
Port of Rotterdam Embraces EU Sustainable Fuel Project
Port of Rotterdam has unveiled 'Fuel EU Maritime – Green European Maritime Space'.
It actively encourages the use of alternative fuels and they...
When Will The U.S. Oil Industry Recover from COVID-19 Induced Slump?
Oil market downturns drag down a list of oil-producing countries and affected its markets.
25 emerging market currencies are trading the highest in...
Crude Tanker Company Delays Scrubber Installations Amid Market Demand!
DHT Holdings delays scrubber installations on five of its ships.
This will leave the ships to trade for a while longer and reap...
IMO Publishes COVID19 Safe Crew Change Guidelines!
The Secretary-General is aware of the significant challenges being faced by the global shipping industry to effect crew changes as a result of...