EMEA Cargo Thefts on the Rise!
Cargo crimes in EMEA have seen record year-on-year growth in 2015, 2016, 2017 and 2018 – and 2019 has already set a new record for incidents reported to TAPA’s IIS.
The 4,187 crimes...
Bulk Carrier Contacts Pier Causing Damage!
Jonas Oldendorff bulk carrier contact pier at Port Lincoln, Australia, reports Nikolay Torkin for Maritime Bulletin.
Carrier contacts pier
Bulk carrier Jonas Oldendorff contact pier while berthing at Port Lincoln, South Australia, in the morning May...
COVID19 Forcing Switch To Electron Bill of Lading, Saves Shipping Costs!
In a major development, the Digital Container Shipping Association (DCSA) has gone on record stating that the container shipping industry could save itself up to $4bn a year if half of all bills of...
Asia Oil Margin Hit As China Refineries Goes for Record Oil Export
According to a Reuters report written by Clyde Russell, the rebound in China’s crude oil processing in April looms large over Asia’s refineries, which are already battling weak profit margins from the slump in...
Floating Storage & Port Delays Increases Tanker Utilization!
Near-term tanker freight dictated by oil supply, demand imbalance
a mix of factors including floating storage and covid19 delays at ports is driving up tanker utilization and freight rates
Tanker owners who took...
A COVID19 Test That Detects the Virus in Seconds!
New COVID19 diagnostic tests which are more accurate and don't require nasal or blood tests.
The new technology uses the property of laser in detecting the difference in the cell shape of virus-infected...
Recycling Ban Temporarily Suspends Scrap Exports
The Bureau of International Recycling has alerted its members.
It announced that the UAE will suspend exports of ferrous scrap and recovered paper.
The operations remain suspended from the beginning of May 15...
117 VLCC Tankers Transport Super Cheap Crude Oil for Unloading
China is taking advantage of the cheapest crude oil in years.
It is stocking up as demand is starting to return to the world’s largest oil importer.
117 VLCCs with a capacity of...
NJORD Touted To Be World’s Largest and Most Luxurious Superyacht
NJORD is touted to be one of the largest and most luxurious superyachts in the world.
It is designed by legendary superyacht designer Espen Øino International.
NJORD is designed to offer a total...
Hong Kong Loses Its Special Status! How Will It Affect The Nation?
The U.S. treats Hong Kong, a semi-autonomous part of China.
This is under the United States-Hong Kong Policy Act of 1992.
U.S. President Donald Trump could possibly rescind that “special status” to punish...