Container Shipments Set To Fall 30%! A Setback for Shipping Giants?
Global container shipments are set to fall 30% in the next few months, as retailers ask shipping companies to push back deliveries.
Shipments fell about 15% this year amid the coronavirus pandemic.
The...
The Whole Oil Market’s Gone Absolutely Nuts!
No takers for jet-fuel and gasoline.
Oil refiners run after vessels to store fuel for future market.
Freight rates to sharply rise in this scenario.
Oil refiners force the tanker owners to place...
COVID-19 Cripples Container Shipping Capacity in April!
Covid-19 hits the global container shipping capacity.
About 11% of sailings are cancelled in May on all the mainlines trades.
Nearly, 302 out of 2,693 sailings is not going to happen.
A recently...
Euronav’s Contango Opportunity, Can It Benefit from The COVID-19 Situation?
Euronav owns both the Europe and Oceania Ultra Large Crude Carriers, which it operates as floating storage.
The company also owns 39 VLCCs and 25 Suezmax tankers.
Most of the fleet is operated...
IMO 2020: Increasing Number of Shippers Opt for Scrubbers
99 percent of SO2 emissions come from human activity, primarily burning fossil fuels.
IMO is seeking to reduce SO2 emissions as the shipping industry has been spewing more of it.
The amount of...
‘Chat to a Chaplain’ Launched To Provide Remote Support for Seafarers
Mission to Seafarers announced the launch of a digital chaplaincy service.
It will provide seafarers with remote support amid the COVID-19 pandemic.
The online 'Chat to a Chaplain' is a messenger service that...
Scientists Assure That COVID-19 Virus Was Not Made in a Lab?
COVID-19 was not a virus that was created in a lab as speculated by rumours.
US government intelligence officials are reportedly investigating the potential source of the pandemic.
According to immunologists, COVID-19 virus...
Google Chrome Bugged! Tech Giant Issues Critical Warning To Users!
Google has issued a critical update warning to its two billion Chrome users across the globe.
Chrome has discovered a new security flaw across Windows, Mac and Linux that it labels "critical" and...
Zoom’s Million Users Facing a Major Security Threat!
Cyber security firm Proofpoint has observed a series of attacks wherein cyber criminals are targeting Zoom users via infected emails.
The attacks are targeting individuals and businesses in the transportation, government, telecommunications and...
[Infographic] COVID19 Impact Port Call Delay Procedures
The IAPH-WPSP survey on the impact of COVID-19 sheds light on the port call delay procedures.
No extra delays
Nearly 7 out of 10 ports with inland barge operations indicate that there are no extra
delays during...