Rising Shipping Rates Amid Supply-chain Disruptions in China
Some exporters continue to stockpile goods in warehouses as cash flow dwindles, while others endure higher shipping rates amid supply-chain disruptions.
Despite fretting exporters, China’s foreign trade performance beat expectations in November, with...
Do Public Shipping Companies Need To Be Pure Play or Jack-of-all-trades?
Should a public shipping company be a pure play — owning just tankers, container ships, bulkers or gas carriers — or should it do as the traditional private family shipowners do, and own a...
This Day December 20, Has A Remarkable History
On Dec. 20, 1987, more than 4,300 people were killed when the Dona Paz (DOHN’-yuh pahz), a Philippine passenger ship, collided with the tanker Vector off Mindoro island.
In 1860, South Carolina became...
Winter Holiday Travel With Just 45 International Visitors!
Countries with higher risk levels.
Countries opening their borders for vaccinated migrants.
World-famous Indonesian island with lowest visitors ever recorded.
Europe is being swept by Omicron. The United States is gearing up for a...
China Increase Monthly LNG Imports By 71.36mn tonnes
China is continuing to increase its monthly liquefied natural gas imports and will likely become the world’s largest LNG importer in 2021, reports LNGPrime.
Surge in LNG imports
The world’s largest energy consumer imported 6.90 million...
Suez Canal Ends 2021 With Highest Ever Revenue!
Egypt's Suez Canal earned revenue of $6 billion from January until the first half of December, reports Israel Hayom quoting Osama Rabie, the canal authority's chairman.
He noted it was the period's highest ever revenue.
Highest-ever...
China Cuts A Benchmark Loan Rate for the First Time Since Pandemic
The People’s Bank of China lowered the one-year loan prime rate to 3.8%, down from 3.85%.
The five-year loan prime rate remained unchanged from the prior month at 4.65%.
The last time the...
Deep-Sea Shipping Can Be Decarbonized In Various Ways
Swiss-based marine engine technology developer WinGD has published a new white paper outlining the steps it believes will enable deep-sea shipping to decarbonize in line with IMO provisions.
WinGD sets the industry standard...
[FAQ] What Next After Cargo Operations on Tankers?
Loading and unloading cargo on ships is a dangerous process that can result in significant repercussions. Not only while performing these operations, but also thereafter, ship officers must take special measures.
Tanker ship cargo handling...
Is Omicron Causing Weekly Loss For Crude?
With omicron fears waxing and waning within the investment community since the strain was detected in South Africa.
It came as no surprise that oil prices on Friday dropped as well as posted a...