Maintaining the Supply Chain, Sailors Stuck at Sea Due To COVID-19
Travel restrictions and tight virus controls leave thousands of weary seafarers stranded at sea.
Shipping companies hit by crumbling demand and fractured supply chains due to COVID-19.
Global travel restrictions to rein virus...
Tanker Freight Rates Tumble Ahead of OPEC+ Talks
Supertanker freight rates have fallen after seeing a high last week.
Freight rates can drop further if OPEC+ countries decide to cut output sharply.
It will reduce transport and storage demand for oil...
Cruise Line Raises $6 Billion in Stock To Remedy Coronavirus Aftermath !
Carnival plans to issue $1.25 billion in stock, $3 billion in secured notes and $1.75 billion in convertible notes all due 2023.
Carnival’s stock dropped by about 15% in premarket trading after the...
Super-Yacht Designed To ‘HIDE’ in Background
Superyachts are usually made to stand out, but HIDE's new cutting-edge concept is quite the opposite, designed to blend into the background.
The vessel concept is tailored with huge reflective glass panels that...
Crude Tanker Rates Double As Oil Prices Plummet
The coronavirus outbreak continues to drag on economic growth, and particularly dampen demand for oil products.
Removal of sanctions on a large Chinese tanker entity by the US government lifted the market in...
Panama Maritime Authority Unveils Statutory Certification & Services
According to an article published in Safety4sea, the Panama Maritime Authority issued a marine notice informing all Shipowners, Operators and Recognized Organizations on how to proceed in case of requests for postponement extension of...
BIMCO Ally VPS To Provide New Bunker Alert Services
BIMCO enters a new cooperation with Veritas Petroleum Services (VPS) who publishes regular Bunker Alerts based entirely on fuel samples.
When a quality issue is identified, the bunker samples are analysed by VPS.
A...
Urgent Provisional Measures To Remain Fully Operational Amid COVID-19
The Shipping Deputy Ministry of Cyprus sets new measures for its operations, addressing the difficulties encountered while fighting the COVID-19 spread, says an article published in Safety4Sea.
New measures set
To support shipping companies and owners...
Ship Operators Can’t Get of the Hook As Force Majeure Not Part of Loan...
Some owners have asked whether they can use force majeure to stop paying their banks. And the quick and easy answer to that one is ‘no’, writes David Osler, the Finance Editor of Lloyd's...
Surcharges Cancelled As Fuel Prices Drop Amidst Rising Blank Sailings!
According to a LoadStar article written by Mike Wackett, container spot rates from Asia to Europe remained stable last week and, having withdrawn around a third of head haul capacity for April, carriers will...