Moderna To File For Emergency Use Of Its COVID Vaccine Upon Efficient Performance
Moderna vaccine maker plans to seek emergency authorization for its use in high-risk groups.
Vaccines must demonstrate they are at least 50% more effective than a placebo to be considered for approval
The...
Global Bunker Demand To Drop Significantly Due To COVID-19, Says IBIA
In effect of COVID-19, global bunker fuel to fall in 2020 with range forecasts between -7% to -17%.
Singapore bunker fuel sales, when compared to the same period last year was up 5.3%.
...
Cargo Ship Burst Into Flames, 1 Dead, 4 Missing
A crew member aboard KM Yuliner was killed while four others were missing when the cargo ship burst into flames off the coast of South Buton regency in South-east Sulawesi, Indonesia, reports The Straits...
Containership Charter Market Witnesses A ‘Tumultuous’ Year
Containership time-charter markets have, with few exceptions, experienced a rollercoaster ride since the start of 2020.
Starting with where the recovery has been strongest, among midsize and larger assets, there are several clear...
Shipping Giant To Cut Jobs in Major Reorganisation
Shipping group Maersk will cut jobs as part of a major reorganisation, an internal e-mail sent to Maersk employees shows.
The reorganisation will impact its Safmarine and Damco brands, which will cease to...
Buy Your Own ‘Carnival Cruise’ for A Few Millions!
Ship auctioneer CW Kellock & Co. is listing one of Carnival Cruise Line's earliest vessels, the Holiday, next month.
The former Carnival vessel also sailed for Cruise & Maritime Voyages under the name...
BIMCO Develops ‘Refund Guarantee’ To Tackle Legal Uncertainties
BIMCO is developing a standard refund guarantee for shipbuilding contracts, including the SAJ and Chinese forms.
The refund guarantee aims to provide an instrument which removes legal uncertainties.
Refund guarantees play a vital...
Oil Refiners Close Plants Over Lost Demand Worries
Oil refiners shut plants as demand losses may never return.
The pandemic initially cut global fuel demand 30% and refiners temporarily idled plants.
Consumption has not returned to pre-pandemic levels and lower travel...
UN Biodiversity Report Shows How the World Fails Nature Targets
In 2010, leaders from 196 countries gathered in Japan and agreed on a list of goals designed to save the Earth and target was 10 year plan to be completed in 2020, and now when...
COVID19 Pushing Containershipping Future To E-commerce
With global companies going for e-commerce in a pandemic hit world, the shipping industry is suddenly finding favor with an upsurge of investments. One such case is CMA CGM which has received logistical solution...