Petrobras Overturns Production As Fuel Demand Surpasses Expectations

Petrobras has reversed production cuts due to the higher-than-expected demand for fuels. It has increased production to 2.26 million bpd. It also increased...

Cruise Companies COVID19 Ready With Their Own Face Masks!

Face masks may become a normal part of cruises, reports Fox News. Cruise Company Making Own Face Masks? A recent patent filing suggests that a prominent cruise...

Drybulk Shipping Rates Plunges Due To A Lull in Global Economy

According to an article published in Seeking Alpha and authored by Clark Schultz, the Baltic dry index is facing a plunge due to a...

Ship Owners Cut Back on New Ship Acquisitions and Investments

The demand for new ship acquisitions is diminishing. Shipowners are refraining from more investments. Owners are adopting a more cautious approach to their...

The Common Target Cell Areas of COVID19 Discovered!

Researchers find the 2 major proteins by which the novel coronavirus infects and look for their target cells. Further research reveals 3 types...

Scrubber Retrofits Continues as HSFO and VLSFO Spread Narrows

Scrubber retrofits are narrowing in HSFO discounts. The price spread between HSFO and VLSFO at Rotterdam narrowed by $8.50/mt to $46.50/mt. The spread...

Pilot Falls off Crude Oil Tanker!

Durban ship's pilot fell off a crude oil tanker while disembarking at the Durban port on Tuesday, reports TimesLive. What happened? A Transnet National Ports Authority...

Baltic Exchange Adds New OPEX Assessments for Tankers

The Baltic Exchange added quarterly assessments of the cost of operating crude oil carrying Aframax tankers and clean product carrying Medium Range (MR) tankers...

World’s Largest Box Ship Embarks on Its Maiden Voyage

    The world’s largest container vessel HMM Algeciras, with a TEU (20-foot equivalent unit) capacity of 24,000, started its maiden voyage from the port of...

Ship Owners’ Rights To Refuse To Call at a Port in...

The plight of cruise ships, stranded off shore with sick passengers and crew has been the news in recent past. e The current...