Maersk Levies Fuel Surcharges As Costs Spiral Effecting Trade
Fuel prices are spiraling, in Singapore VLSFO is at $270 a ton.
Maersk impose $200 fuel surcharge per box across all trade routes
The current cost of transporting a 40 foot box to...
Trump’s Impeachment Throws Up 16th Century Word into the News
The Chief Justice uttered the rarely used term “pettifogging" into proceedings to remind the House of Representatives impeachment managers and the lawyers, reports BBC News.
Archaic word uttered
On the first day of the Trump impeachment...
Why Crude Oil Prices Fell By More Than 1%?
March ICE Brent crude futures fell 70 cents/b (1.11%) at $62.51/b.
NYMEX March light sweet crude contract fell 79 cents/b (1.40%) at $55.95/b.
Crude oil futures earlier collapsed more than 2% to settle...
Crude Tanker Collides With Container Ship
Chinese supertanker loaded with crude collided with container ship in Singapore Strait, reports Maritime Bulletin.
What happened?
Chinese VLCC XIN JIN YANG collided with container ship DANUM 160 at around 2100 LT (UTC +8) Jan 22...
Green Variable Added To Monitor National Budgets?
The European Commission to meet ambitious climate goals, will begin to assess the green transition of EU states this year, reports Reuters.
National budgets monitored
The European Commission this year will begin to assess the green...
Dry Bulk Market To Be Elusive, Says 2020 Bulkers Chief
Norway’s 2020 Bulkers expects the dry bulk market to recover before long, reports Lloyds List.
Challenging market scenario
The company's Chief Executive Magnus Halvorsen told, "The market looks challenging, for now, driven by the lack of...
Plan To Salvage Titanic’s Radio That Relayed Her Final Plea!
The state-of-the-art wireless telegraph transmitter, installed by a leading technology company was called Marconi.
It was the Titanic’s sole connection to the rest of the world. And in the hours after the ship...
Scrubber-fitted Ships To Have Higher Price Tag and Returns
Scrubber fitted vessels have a higher price tag.
Owners expect to see increased returns and revenue.
Eagle’s scrubber installation program is nearly complete with 37 fully commissioned scrubbers.
According to a post published in...
Asia-Europe Carriers Discharge Containers in China for Increased Payout
Asia-North Europe ocean carriers have been discharging containers loaded in China.
The containers are offloaded at transhipment ports en route to accommodate better-paying cargo.
SCFI recorded a 4.5% dip in spot rates for...
Former Cruise Workers Reveal What Keeps Them On-Board
Former cruise-ship workers reveal the things they couldn't live without while on the job.
Their answers included clothing, technology, and cosmetics.
The workers' former employers were Carnival Cruise Line, Norwegian Cruise Line, Princess...