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...
100 Years of Maritime Regulation: How Seafarers Got Their Rights?
As the International Labour Organization celebrates its 100th anniversary, Nick Bramley looks back at the beginning of a great international movement to support seafarers and the birth of a system of tripartite regulation in...
Transatlantic Route Recovery Longer Than Expected As COVID19 Crunches Demand
According to a LoadStar report by Mike Wackett, 2M partners Maersk and MSC have extended the suspension of their TA4/NEUATL4 transatlantic loop through to September.
The service, which deploys five vessels with an average capacity...
10 Million COVID19 Cases, AstraZeneca Tops Vaccine Race, Treatment Hopes
COVID19 cases reached 10 million last Sunday but the situation is more hopeful
Doctors say that they are more prepared now as more information has emerged
Doctors treating corona say proning is more...