How IMO 2020 Regulations Are Faring Amid COVID-19?

The supply of VLSFO has proven more than adequate amid COVID-19. Call on marine gasoil (MGO) as an expensive alternative has been less...

Idle Fleet Below ‘1m TEU’ for the First Time in 2020...

According to a Loadstar article written by Mike Wackett, some 90 containerships, equating to over 600,000 teu of capacity, have found employment in the...

Carriers’ Backlog Deliveries To Upset Boxship Trade

Despite the containership orderbook at a historic low, the top carriers have a backlog of 86 ships of over 10,000 teu stemmed for delivery...

FDA To Bypass Federal Approval for Emergency Authorization of COVID19 Vaccines

The chief of the U.S. Food and Drug Administration is prepared to bypass the full federal approval process in order to make a Covid-19...

NSR Cargo Traffic To Significantly Increase Up To 80 mt/year

Thousands of tons of cargo to be transported via Russian Arctic sea route in 2020. World’s largest sailing ship, ‘Sedov’, arriving at the...

Electric Problem Disables Panamax Bulker

A bulk carrier encountered an electric problem and was disabled on Aug 21 in Indian ocean east of northern Madagascar, reports Maritime Bulletin. What happened? Bulk...

New ‘Pollution-Cutting’ Measure Targeting Cargo Ships Adopted

California Air Resources Board adopts their biggest pollution- cutting regulations in more than a decade, which will take effect from 2023. Regulations to...

Cosco Shipping Port Declares 2020 Interim Results

COSCO SHIPPING Ports Limited, the world’s leading ports operator, announced interim results of the Company and its subsidiaries for the six months ended 30...

No One Wants To Buy Ships Amidst COVID19 & IMO 2020...

The global shipping industry is in the midst of one of its biggest changes in a generation after the imposition of stricter environmental...

Team Tankers Announces Q2 2020 Results

Team Tankers reported EBITDA for the 2nd quarter of $21.7 million. Net loss in the 2nd quarter of 2020 was $2.4 million. The...