[FAQ] Handling Onboard COVID19 Outbreak in Port
As the coronavirus pandemic threatens life all over the globe, INTERTANKO has released a new set of guidelines for shippers to control the outbreak onboard ships.
Here we are presenting some of the basic protective...
COVID-19 Relief Measures for Singapore Maritime Sector
The MPA Singapore urges shipping community to be vigilant and adopt good hygiene, says an article published on their website.
Remain vigilant
To fight COVID-19, the Maritime and Port Authority of Singapore (MPA) urges the shipping...
Germany and Europe Are Allowing Cruise Lines ‘Debt Holidays’
Germany and four other European countries are allowing cruise lines to temporarily suspend the repayment of export credits.
it will protect European shipyards and their supplier base from COVID-19 market conditions.
Deterioration in...
Crude Oil Held in Sea Storage Hits New Record at 160 Million BBL
Traders are storing an estimated record of 160 million barrels of oil on ships.
Seek to tackle a glut of stocks created by a slide in global demand from the coronavirus.
OPEC and...
Two Crew Members Onboard Cruise Liner Pass Away Due To COVID-19
Two crew members aboard Royal Caribbean cruise liner have reportedly died within just days.
The crew member was admitted to the hospital with severe respiratory issues.
Another crew member passed away earlier after...
Propulsion Failure! Cargo Ship Disabled!
Cargo ship loses propulsion just south of Victoria, BC.
Ship taken on tow to Victoria anchorage.
Crew is reportedly fixing the problem.
Erofey, a Merchant Marine Captain with more than 20 years experience in...
Maersk Tankers Goes on A Selling Spree, Sells MR1 Tanker
Maersk Tankers has downgraded it fleet by selling MR1 tanker Ribe Maersk.
It has been sold for $8m to an Indonesian buyer Waruna.
It follows the sale of 15 vessels last year.
Maersk...
Pemex’s COVID-19 Distress, Too Much Fuel and Nowhere To Store!
Mexico’s Pemex has too much gasoline and nowhere to store it.
It has racked up significant ship fees as demand wanes because of coronavirus.
3 million barrels of refined products are sitting in...
Drone Assisted Survey Enables Monitoring from A Safe Distance
A recent marine case study published in Lloyd’s Register explains its drone-assisted survey of CSL’s vessel. Bulk cargo carrier operator, CSL uses drone technology to improve safety and reduce costs.
Bulk carriers due for close-up...
Charter Rate Risks: Oil Market Contango and Tanker Breakeven Analysis
Current contango in oil markets with futures prices much greater than spot.
Tanker time charter rates have increased to near record levels.
Limited storage could force producers and traders to store crude oil...