CDC Lists Diarrhoea and Other New COVID19 Symptoms

With the rising number of coronavirus cases, health officials say it's important to know what symptoms to look out for. Though COVID-19 has been commonly known as a respiratory illness, many patients experience...

Switch To IMO 2020 Fuels, So Far, So Good?

The much-feared spectre of widespread problems for ships consuming new VLSFO blends since the start of IMO 2020 has, so far, failed to materialize. The shipping industry has largely experienced a smooth sailing...

PSA Discovers Irregularities During Remote Application Audit

PSA has found irregularities during an audit regarding Maersk Drilling’s application. It was for an acknowledgement of compliance for Maersk Inspirer. The audit was conducted digitally through presentations, interviews, and a review of...

Oil Major Joins Other Refineries To Blend IMO 2020 Compliant Fuel

Sinopec Anqing Petrochemical has joined Sinopec refineries. It plans to implement a ‘100-day-plan’ for producing low-sulphur heavy marine fuel oil. It plans to execute fuel blending process but also storage and transportation. 2,700 metric...

Spot Rates Going Steady Due To Smart Capacity Management

SCFI has punched through the 1,000 marks for the second time this month. The container spot rate index recorded more gains across the major east-west trade lanes. The European components of the SCFI...

Panama Verges Towards Forced Labour, Denies Seafarers’ Working Rights

Panama has allowed seafarer tours of duty to be extended to up to 17 months verges on forced labor. It has signaled its intention to allow seafarers 'subject to authorization'. It is applicable...

“Make In India” Policy – Government To Allow Global Shippers To Register Ships

Indian government has recently revised its Make in India Policy for public procurement, among others, of all services. Under the revised policy, no global tender enquiry shall be issued for the procurement of...

IMO Compliant Fuel Exports Take A Plunge

China's low-sulphur marine fuel exports fell 20% last month to 1.14 million tonnes compared with April. China has been striving to reduce its reliance on bunker fuel imports and create its own marine...

Oil Tanker Market Driven By External Forces Like Geopolitics: BIMCO

Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and the constantly evolving situation in the global oil markets, writes BIMCO CEO, Peter...

COVID19 Cash Stripped MPC Trying To Amend 200$ Million Bond

In a major development, Oslo-listed feeder owner and operator MPC Container Ships has announced that they are looking to amend the terms of its $200 million bond issue and collect fresh cash in order...