Freight Rates Remain Steady Despite Container Rollover Increase!
According to a LoadStar article written by Mike Wackett, Ocean carriers are successfully underpinning freight rates through capacity discipline, with reports of container rollovers at Chinese export hubs and detention transhipment ports.
What is it?
Flexport...
COVID19 Stranded Seafarers To Be Evacuated!
Stranded indian seafarers reaching out to government to help them reach home.
Indian government tracking seafarers all over the world and planning for their evacuation.
Seafarers asked to register for evacuation.
According to an...
World’s Largest Container Line Shares Fall by 6%!
Shares in A.P. Moeller-Maersk fell more than 6% this week recently.
This happened after the Danish shipping giant warned of a sharp drop in global container volumes as the coronavirus pandemic disrupts global...
Shandong Province To Expand its Crude Storage Capacity by 64.54 M Barrels!
Shandong province is known as the Texas of China's oil refining sector for decades.
It is set to expand its crude storage capacity by 10.26 million cubic meters, or 64.54 million barrels.
This...
Gates Emphasizes on The Scientific Advances To Stop Covid – 19!
There was an exponential spread of coronavirus in a number of countries, starting with China and then throughout Asia, Europe, and the United States.
By changing behavior, many countries have gotten the infection...
What Will Drive the Extent of Oil and Gas Exploration Post COVID-19?
Oil demand crash amid COVID-19 and the subsequent lasting change in people's lifestyle may have already brought about peak oil demand.
The pandemic adds not only a layer of uncertainty in the oil...
Global Risk Management Firm Offers Customized Maritime Cyber Coverage
Willis Towers Watson has launched a new type of cyber insurance cover designed specifically for shipowners called CyNav.
CyNav, addresses cyber threats in the broadest sense, including losses that occur from cyber-related business...
Electric Cargo Ship Successfully Completes Trails in Yangtze River
China has tested its homegrown electric cargo ship.
It has a load capacity of 1,000 metric tons.
It was tested at the Yangtze River section in Changzhou, east China.
The vessel is powered by...
Texas Light Sweet Crumbles in Symmetrical Triangle!
WTI June Futures refreshes intraday low to near 100-HMA.
A short-term symmetrical triangle limits immediate moves.
200-HMA, early-month tops offer strong downside support.
While stepping back from the two-day-old falling trend line, WTI June...
Non-Pharmaceutical Interventions To Mitigate Effects of COVID-19!
The outbreak containment strategies in China based on non-pharmaceutical interventions (NPIs) appear to be effective.
But quantitative research is still needed to assess the efficacy of NPIs and their timings.
Using epidemiological and...