Global Stimulus Measures Support Oil Prices Amid COVID-19
Global stimulus measures underpin prices even as demand struggles post-COVID-19.
Brent crude futures for November were unchanged at $45.81 per barrel.
U.S. West Texas Intermediate crude was at $43.05 a barrel, up 8...
Floating Accommodation Turned To Self-contained Centre for Seafarers
Three existing floating facilities utilized to house foreign workers converted into a self-contained centre.
These centres will house seafarers in between their ship transfers.
It is equipped wih onsite medical centre, testing and...
[Watch] ‘Mauritius Disaster’ Shows ‘Oil Spill Cleaning Future’ Lies in Robots
Recent oil spill disasters in Mauritius and the Arctic has shown the necessity of better oil spill cleaning technology.
The oil industry isn't able to handle these massive oil spill with their oil...
India’s COVID19 Milestone of World’s Highest Daily Caseload Reeks of Complacency
India has set a record for the world's highest single-day increase in coronavirus cases, reports BBC.
The nation, the world's third-most infected, on Sunday reported 78,761 new cases in 24 hours, passing the number...
[Watch] 90% Countries Health System Disrupted As the Pandemic Touches 25 Million
8 months into the pandemic more than 25 million cases of the disease have been reported forcing WHO to underline certain actions.
90% of countries' health systems are in tatters and keeping them...
Weekly Bulk Report – Week 35, 2020
The Baltic Briefing has released a report about the dry bulk market for the 35th week of shipping activities of this year. The report dated 28th August highlights the plight of the dry bulk...
Ship Arrest! 2 Tankers Seized
Investment bank HSBC arrested two product tankers owned by Singapore-registered Somerset Maritime over cargo claims totalling $6m, reports 247CustomsBrokerNews.
Reason for seizure
Two product tankers owned by Singapore-registered Somerset Maritime have been arrested by investment bank...
Global Ballast Water Treatment Market Potential On a Surge
Ballast water treatment involves treatment of ballast water before it is discharged out of the ship at the port or in the mid sea.
The ballast water treatment (BWT) market is expected to...
PSA Marine Joins Decarbonisation Journey With New Digital Solution
PSA Marine releases a report on August 27, 2020 in support of sustainable shipping by reducing the carbon footprint.
It joins the global movement with the use of a digital solution called Vessel...
Shippers To Go Bankrupt With Skyrocketing Container Rates
Container rates sees a gain for the transpacific and Asia-Europe tradelanes.
For example, Shanghai Containerized Freight Index (SCFI) recorded further gains for the transpacific and Asia-Europe tradelanes.
Its combined reading is up another...