Industrial Ministry To Offer EGP 1.19bn Relief Fund in 4 Months!
The Egyptian MSMEDA has allocated EGP 1.19 billion in funding to 48,743 small and micro projects during the first third of 2020.
The financing comes as part of efforts to combat the negative...
Container Ship Runs Aground!
A container ship aground in the Indian ocean, reports Maritime Bulletin.
Ship hard aground!
A 3,000-TEU container ship ran aground while leaving port in Indian ocean in the evening of May 26.
As of May 27, the...
COVID19 Daily Business Update
As days pass by and the covid19 situation develops it is paramount to gain knowledge of what's going in the world. Keeping that in mind, Platts has published this COVID19 Business update which we...
NSC Renews Fleetwide Agreement To Help COVID19 Crew Digital Connectivity!
In a major development,NSC-Group, a leading technical and operational shipmanager, has announced that they have renewed their agreement with Marlink for the provision of high bandwidth Sealink VSAT to its fleet of more than...
COVID19 Physical Inspections Delay To Effect Oil Tankers Storage Capacity!
According to a Reuters report, Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump...
LSFO Low Price Savings Boon for Shipowners As Trade Volumes Fall!
The low fuel pricing have lead to a mixed benefit for shipowners who had to take the LSFO switch decision due to IMO 2020
the lower price has resulted in huge savings benefit...
Elon Musk Goes Roman As X Æ A-12 Baby Name Against the Law!
The tech entrepreneur Elon Musk and the musician Grimes have changed the unusual and largely unpronounceable name of their firstborn child.
But anyone hoping that X Æ A-12 might be replaced by something...
World’s Largest Box Ship Crosses New Suez Canal!
World’s largest container ship “HMM Algeciras” passed through the New Suez on Monday, reports egypttoday.
World’s largest container ship
The World’s largest container ship “HMM Algeciras” belonging to the Korean container line HMM, crosses the New...
Dwindling Global Economy Knocks Down the Escalating Freight Rates
Geopolitical tensions have now eased, leaving freight rates to feel the full effects of the weak underlying market and falling demand.
Tanker shipping looks set to be under pressure for the rest of...
HHI Wins Suezmax Tankers Order Worth USD 130 million
Greek owner Evangelos Pistiolis ordered two scrubber-fitted suezmax tanker newbuildings at Hyundai Heavy Industries (HHI), says an article published in Shipping Herald.
Scrubber-fitted suezmax tanker
Pistiolis has reportedly ordered two scrubber-fitted suezmax tanker newbuildings at Hyundai...