Asian Trading Hub Flooded With Tankers As Oil Majors Scramble for COVID19 Storage!
A sudden fall in global fuel consumption has crimped the demand.
Ships are very much used to store oil.
Presently, Singapore has become even more congested as oil-laden tankers wait in its narrow...
COVID19 Leads To Suspension of Marine Fuel Delivery!
Ocean Bunkering, the top-three-ranked Singapore bunker supplier owned by oil trading firm Hin Leong, will suspend some marine fuel deliveries from the end of this week, according to news agency Reuters.
Two sources...
COVID-19 Will Eat Into Container Fleet Recovery!
The outbreak of the coronavirus has disrupted container supply chains around the world and depressed the demand for vessels and boxes.
It will lead to a contraction in the shipping container fleet and...
Governments To Allow Seafarers’ Emergency Medical Treatment Ashore!
In violation to the provisions of MLC 2006, there have recently been several cases where seafarers were denied their legal right to medical treatment due to COVID-19 restrictions.
In this regard, maritime social...
Weekly Bulk Report – Week 17, 2020
The Baltic Briefing has released a report about the dry bulk market of the 17th week of shipping activities of this year. The report dated 24th April highlights the plight of the dry bulk...
Global Shipping To Benefit from COVID19 Disruptions!
In a major development, Dr Martin Stopford, eminent shipping economist and President of Clarkson Research Services, revealed that he believes, Covid-19 pandemic could prove to be the catalyst which forces shipping to undergo the...
Will Additional Output Cuts from the US Stabilize the Oil Market?
Prices to become normal if OPEC+ members announce early production cuts.
A plus is escalation of military activity in the Middle East.
The real plus would be if U.S. producers announce output cuts.
...
IMO Calls for Electronic Data Interchange at Ports To Better Maritime Trade!
According to an IMO FAL Convention report, digitalization could facilitate quicker, better and more efficient cross border trade.
What is it?
when ships enter and leave port,
detailed and specific administrative information needs to be exchanged
with the...
[FAQ] Tackling Seafarers’ Issues As COVID19 Makes Crew Changes Impossible!
A recent update by the CHIRP Maritime highlights the plight of seafarers trapped in their vessels as COVID19 disrupts the shipping industry.
Here we are h8ghlighting that report.
Trapped at Sea
The current COVID-19 pandemic has affected...
20 Nations Open Up Their Ports To Keep Shipping Afloat!
According to a Strait Times report, port authorities in 20 countries across three continents have signed an agreement to keep ports open for trade amid the coronavirus outbreak, in a move initiated by Singapore.
What...