Maersk Predicts a Pre-Covid Volume Return Amid “Massive Problem”
Maersk announced a significant increase in operating earnings in Q2.
Forecasts to see a return to pre-COVID cargo volume levels within a year's time.
Operating earnings improved by 25 % marking the eighth...
Weekly Tanker Report – Week 34, 2020
The Baltic Briefing has issued the tanker report for the 34th week of this year. The report dated 21st August 2020 provides a valuable insight into this week’s tanker market dealings, freight rates, and charter...
Covid 19 Pushing Singapore Port To Strategize for Carbon Emissions
Due to covid 19 the shipping activity in Singapore has come to a stand-still except for a few.
On the other hand it seems to be opportunity to maritime industry to double down...
Two Key People Accused in Alleged Petrobras-Maersk Corruption Case
Brazilian prosecutors pressed charges against two people, including a former Maersk executive.
They have been accused for their alleged involvement in a scheme to obtain confidential market information from Petrobras to benefit Maersk.
...
Covid 19 To Stay Forever, Vaccination At Regular Intervals A Must
A member of government's Scientific Advisory Group for Emergencies (Sage), Sir Mark Walport, says the coronavirus will be present forever in some form or another.
He says people would need to be vaccinated...
Chinese Aviation Exercise Employs Commercial Ships for Military Use
According to recent videos, an aviation brigade of the Chinese PLAGF conducted drills displaying their capabilities to use commercial ships for military purposes.
The video shows the Z-19 and Z-8 helicopters landing and...
Zero Emission Tanker Launched To Tackle Carbon Emissions
Japanese group to build first zero-emission tanker by 2021.
Shipping industry to cut sulfur emissions under IMO 2020.
Industries from auto to aviation are also looking to go electric.
Four Japanese companies have teamed...
Hi-5 Bunker Spread Falls To Record Lows
VLSFO premiums at Rotterdam port fell to a record low with high fuel oil resilient to bearish fundamentals in the global oil complex.
The premium has descended to less than a tenth of...
Missing Crew Recovered from Sunken Dedger
The USCG rescued two of the six crew onboard from the Waymon L Boyd following reports of a fire in the Port of Corpus Christi at 8-12am on Friday.
The fire on the...
Shipping Company Partitioned To Enable DP World Deal
Mumbai-listed Shreyas Shipping & Logistics Ltd, the Indian flagged vessel owning unit of Transworld Group, will be split in two.
This split up is to help Dubai government-owned DP World Ltd buy three...