Weekly Bulk Report – Week 41, 2020
The Baltic Exchange has released a report about the dry bulk market for the 41st week of shipping activities of this year. The report...
Rescue Mission Turns Dramatic
Cargo vessel was swept away as it was docking at the Cua Viet Port amid serious flooding caused by days of torrential rains.
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Startups and Corporations To Decarbonize Shipping Industry
In light of reducing greenhouse gas emissions within the shipping industry, several major maritime corporations are looking to startups for truly innovative solutions.
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The Complex Physics Behind ‘Boomerang’ Earthquake
This magnitude 7.1 earthquake started deep underground, in a gash on the Atlantic seafloor, a little more than 650 miles off the coast of Liberia,...
ITF Urges On Seafarers’ Human Rights Amid Crew Change Crisis
Amid the crew change crisis within the maritime industry, International Transport Workers’ Federation (ITF) and the Joint Negotiating Group, issued a joint statement to...
New 5-Minute Test for COVID-19 Detection
CRISPR gene-editing technology comes up with a test that detects the pandemic coronavirus in just 5 minutes.
The diagnostic does not require expensive...
UK Law to Ensure Fair Wage for Seafarers
The UK changed its law on National Minimum Wage so that seafarers will receive pay protection equal to every other sector.
Entitlement to...
Panama Missing $15 Billion/Year Amid Registered Shipping Emissions
Carrying capacity of the world’s 60,000 largest ocean-bound vessels has increased from 800 million deadweight tons in the year 2000 to over 2...
New China Civil Code To Affect Shipping Industry
The new China Civil Code (CCC), which will be set into force on 1st January 2021 introduces major changes to various sectors of Chinese...
Ocean Cargo Volumes Begin To Boom Amid Rising Demand
Experts maintain that ocean carriers may have finally figured out how to make money this year, as sluggish demand last summer made sustainable...