Increasing Number of VLOCs Phased Out Due To ‘No Operations’
The once attractive VLOCs are phased out due to safety concerns.
43% of the VLOC fleet has been sent to the scrapyards.
18% of the fleet is idled or damaged.
VLOCs were converted...
[Answer] How To Deal With Ship Visitors in Times of COVID19?
Safety and security are of utmost appearance in the time of a pandemic where every physical contact can lead to a potential danger of life, particularly, if you are dealing with people in closed...
Judge Orders Shipper To Deposit $108 Million To Secure Ship’s Release
London High Court ordered two defendants to deposit US$76 million.
The deposit has to be deposited into a Singapore court to free the tanker, Miracle Hope.
It was arrested in Singapore waters over...
A Profitable Deal Inked Behind The Sale of a 2010-Built MR Vessel!
Italian shipping company d’Amico International Shipping S.A. (DIS) joins hands with Swiss commodity trader Glencore Group to sell a medium range (MR) tanker.
Glenda International Shipping d.a.c. (GIS) signed a memorandum of agreement...
Container Market Obtains Respite After a Disastrous Second-quarter
If infections slow, consumers will tentatively get back to their consumption in the second half.
This will boost container volumes and would climb off their lows.
MSI predicts a 19% year-on-year volume drop...
Track Spot Rates To Take Advantage of COVID19 Demand-Supply
Despite lower volumes being fixed in the spot market, it is key to tracking developments in the container shipping market, as it quickly responds to the changing situation and adjustments to demand and supply,...
Britain Emerge As New COVID-19 Epicentre With More Than 29000 Deaths!
Britain became the first European country to surpass Italy as the news epicenter.
The country is under lockdown and affected are monitored by mobile apps.
Critics alleged that the government responded too slowly...
Health Declaration Battle Jeopardizes Life of COVID19 Infected Cruise Crew!
According to a Guardian report, after an ill-fated Antarctic expedition in which 60% of passengers and crew contracted coronavirus and spent a month stranded off the coast of South America, the successful repatriation of...
A Unique Antibody That Neutralizes Novel Coronavirus!
Israel's biological research institute has developed an antibody to the novel coronavirus.
Researchers wrapped up the development phase.
They have moved to patent and mass-produce the potential treatment.
The antibody that attacks the...
Freighter Stuck in the Embankment!
A Dutch freighter went out of control and got stuck in the embankment near Levensau, Kiel Canal, reports Maritime Bulletin.
What happened?
General cargo ship SKAGENBANK went out of control and got stuck in the embankment...