Weekly Bulk Report – Week 18, 2020
The Baltic Briefing has released a report about the dry bulk market of the 18th week of shipping activities of this year. The report dated 01st May highlights the plight of the dry bulk...
World’s Largest Liner Puts Megamax Order Plans on Ice
Hapag-Lloyd has delayed its 23,000 teu newbuild plans as the liner faces up to the realities of plummeting demand for container transport due to coronavirus, reports Splash247.
Giant boxship orders on hold
Hapag-Lloyd had been expected...
10% of the Global VLCC Fleet Bunker Consumption To Reduce!
According to price reporting agency Argus Media, VLCC tanker bookings since March with the option to store oil has reached 71, reports Ship & Bunker.
Oversupply in crude markets
The number of VLCC tankers booked since...
[Watch] Containers Blown Away While Unloading!
Gale-force wind blew off several containers down while unloading a mega container ship, reports Maritime Bulletin.
What happened?
The giant ship arrived at Zeebrugge, Belgium early in the morning May 2, from Felixtowe UK.
Gale-force wind gusts...
Over 100 Crew Leave New COVID19 Cruise Epicentre!
A group of 100 crew left the Italian cruise ship docked in southwestern Japan for their countries on Tuesday, reports Kyodo News.
Members tested negative
A group of 130 Filipino and other crew members left a...
Three Ocean-Trade Scenarios for 2020-2050!
The leading sage of ocean shipping, Martin Stopford, appeared on a Zoom presentation on Tuesday.
Stopford - author of the industry bible, “Maritime Economics,” non-executive president of Clarksons Research Services and visiting professor...
2020 Sulphur Rules and The Underlying Concerns!
One of the biggest concerns brought about by 2020 sulphur rules is unexpected – the availability of traditional fuels at traditional prices.
There are also concerns about mixing non compatible fuels and decreased...
US Gives COVID19 Emergency Clearance for NASA Ventilator & Antibody Tests!
The FDA grants Bio-Rad Laboratories Emergency Use Authorization (EUA) for the company’s severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) Total Ab test.
This test is the first total antibody test that has received...
[Watch] Global Pledging Conference Raises €7.4bn for Coronavirus Vaccines
World leaders, with the notable exception of Donald Trump, stumped up nearly €7.4bn (£6.5bn) to research Covid-19 vaccines and therapies at a virtual event.
The pledged money will also be used to distribute...
OPEC+ Begins Record Cuts as Oil Firms See Weekly Rise!
US oil prices were 4pc higher while the front month Brent crude futures rose above $26 per barrel.
In April, U.S. crude fell to an all-time low and traded negative for the first...