SPDB Finance Leasing Orders New-Build Vessels at NACKS

SPDB Financial Leasing places an order at NACKS. New-build order for construction of four Bulk Carriers.  SPDB Financial Leasing, the leasing arm of Shanghai Pudong Development Bank, has placed an order at Nantong Cosco...

Bulker Voyage Interrupted To Medevac Master

Carrier hindered voyage on 13th October from China.  The Master of the ship was medevaced by the SAR team & rushed to the hospital. Capesize bulk carrier interrupted voyage to Hedland to medevac Filipino...

COVID To Affect Both Eyes & Lungs

COVID-19 is primarily a respiratory infection, but the virus can also infiltrate the eyes. While it's not clear how the virus got into the patient's eyes, the experts agreed the case underscores the...

SIBCON 2020 LNG Bunkering On A High in Short-term Basis

Jerome Leprince-Ringuet, Managing Director of Total Marine Fuels Global Solutions, at the (SIBCON) 2020 shared some insights on the post IMO 2020. Capacity of the liquified natural gas (LNG) bunker fuel market- which...

Dwindling Demand for LSFO in Asian Fuel Market

Tight supply of low sulfur fuel oil in South Korea has caused refiners to hold off concluding term bunker fuel contracts for the fourth-quarter. While in Singapore light sulfur fuel oil demand fundamentals...

[Watch] New Cruise Rules To Control Virus Outbreak Onboard

No proper international rules have not been established to handle infectious diseases on cruise ships, says Japan's Foreign Ministry. The ministry came up with a plan to start a research program to help...

[Watch] IMO Stands By Mauritius Oil Spill ‘Like Skin Cream’ Statement

In a major development, the IMO has said that the Mauritius Oil Spill appears just like a skin cream and isn't a major threat, reports Forbes.   The statement issued on September 15 stands by the...

China Lifts Foreign Crew Recruitment Ban

The Chinese government is formerly lifting crew change bans at ports.  As many as 10 Ports are open for new recruitments based on 14days sailing details.  A circuit breaker mechanism is being used...

Baltic Index Falls Mirroring Capesize Dip

According to a Reuters report, The Baltic Exchange's main sea freight index, fell for a fifth consecutive session on Tuesday. Baltic sea freight index The Baltic Exchange's main sea freight index, tracking rates for ships carrying...

Global Container Shipping Industry at Top With High Freight Rates

Fitch Ratings-London-12 October 2020: Spot container freight rates have increased in recent months, driven by shipping companies' supply discipline. This is despite a decline in demand at the start of the coronavirus pandemic,...