Infographics Show Global Economic Impact of COVID19!
According to a BBC report, The coronavirus outbreak has left business around the world counting the costs as it spread from China to every...
COVID19 Oil Crisis Likely To Shut Down the Oil Industry!
The oil prices have plunged deep.
Ships dawdle at sea with unwanted cargoes.
Traders take creative paths to stash oil.
The final chapter...
The Economics of Storing Oil – How Filling Up Old Tankers...
In yet another example of the world economy shell game coming to a hard stop amid the coronavirus pandemic, oil is incredibly cheap as demand...
Huge Demand for JA Vessels As Oil Majors Rush To Ship...
According to a Reuters report, oil traders are hiring expensive U.S. vessels, normally only used for domestic shipments, to store gasoline or ship fuel...
1.3 Billion People But Only 1000 COVID19 Deaths – How Did...
A nationwide lockdown in India's 1.3 billion population seems to be working because of early imposition and other effective measures.
The blanket ban...
A Look at the Global Oil Surfeit in Images!
A pandemic-led demand crunch is causing storage tanks around the world to fill up with oil that no one wants.
Nearly 90% of...
Massive Number of Tankers Anchored in Singapore – Are Players At...
Hin Leong Trading and Ocean Tankers filed for bankruptcy protection.
Singapore hosts the largest number of oil tankers at anchor in the world.
...
[Watch] First Effective Treatment Likely for Covid-19
Fauci says Remdesivir helps patients to recover much faster.
Gilead suggests that Remdesivir could become the first effective treatment for the Covid-19.
Gilead...
Singapore Regulators Reassures That Bunker Trading Sector Remains Resilient!
MPA, ESG and MAS agencies closely monitor developments related to Hin Leong Trading Pte Ltd and the broader oil trading and bunkering sectors, says...
Governments Asked To Enhance Seafarers’ Repatriation
Nautilus International urges that crew changes issue becomes a crisis, reports Safety4Sea.
Crew change difficulties
Shipping industry is facing major difficulties in dealing with crew changes...
$3 billion Deal Signed for LNG Ship Construction in China
Qatar Petroleum (QP) enters into an agreement to reserve LNG ship construction capacity in China.
It will be utilized for Qatar Petroleum’s future...
Coronavirus Rampant Attack from Brain To Toes
The number of confirmed cases of COVID-19 surges past 2.2 million globally and deaths surpass 150,000.
Clinicians and pathologists struggle to understand the...
[Watch] OPEC+ Cuts Strike As Season Begins for European Oil and...
A podcast published by Platts and presented by Kira Savcenko updates this week's highlights.
Key highlights
OPEC+ cuts are to start on Friday;
Oil and...
ReCAAP ISC Issues Weekly Report on Piracy and Armed Robbery
During 21-27 April 20, two incidents of armed robbery against ships in Asia were reported, says a press release published by ReCAAP ISC on...
NMC To Launch New E-mail Renewal Examinations for Mariners!
NMC will launch a centralized electronic delivery process through e-mails concerning the renewal examinations.
This will offer mariners the ability to request, complete,...
Seafarers and Climate Change Highlighted During IMO’s Virtual Meeting
IMO conducted the largest virtual meeting to date.
A total of 155 participants from 78 Member States attended the meeting.
IMO discussed the challenges faced by...
COVID-19: Asian LNG Spot Prices Dwindle After a Dampened Demand!
Asian spot prices for LNG sinks as the coronavirus pandemic further dampened demand.
This has prompted buyers to push back cargo deliveries.
Buyers...
MPA Singapore Launches ‘TaskForce’ To Tackle COVID-19 Crisis
MPA Singapore has launched a new circular concerning operators of vessels in port.
The Taskforce will make the wearing of masks mandatory for...
MARAD Alerts on the Increasing Wave of Piracy!
MARAD issued alert warning that a maritime threat had been reported in the southern Gulf of Mexico, on April 17.
There has been...
Dozens of Oil Tankers Anchored Off The Californian Coast
Two dozen tankers loaded with oil are anchored off the California coast.
The tankers have no place to offload the crude due to...
