10 Men Arrested For Illegal Transaction Of Marine Gas Oil
A recent news article published in the Manifold Times states that 10 men arrested over illegal MGO transaction, SGD 31,000 seized.
PCG arrests 10 men
The Police Coast Guard (PCG) on Friday (25 March) said it...
What Are the Factors Affecting the Container Rates?
2022 looks set to be another bumper year for container lines, but what are the factors applying the brakes to container rates, reports Seatrade Maritime News.
Supply/demand imbalance
In its 2022 container shipping report, AlixPartners noted...
Crude Oil Futures Collapse Amid Shanghai Lockdown
Crude oil futures tumbled in mid-morning Asian trade March 28 after the Shanghai government locked down half the city for mass testing as COVID-19 cases there hit a record high.
Brent futures dip
At 11 am...
Europe Struggles With 2 Gas-Connected Crises, Experts Say
A drive to end European use of Russian fossil fuels is deepening concerns among green groups that the effort could slow rather than accelerate the region’s pursuit of clean energy. And a deal struck...
Cargo Transport Comes To Halt Amid the Impending Lockdown
Manufacturing and cargo transport in Shanghai is expected to grind to a halt this week, as China doubles-down on its zero-Covid policy and plunges the city into lockdown, reports the Loadstar.
2-stage lockdown
Local authorities announced...
Global Bunker Demand Up 3.5% In 2021
5.7% average gain from Q4 2020
2.2% rise from Q3 2021
Full-year 2021 3.5% higher than 2020
Demand at key marine fuel hubs jumped by 5.7% in the fourth quarter of 2021 from a...
EU Withdraws From ‘Impractical’ Russia Oil Embargo
As the dangers of the policy have risen, EU leaders have taken a step back from imposing an immediate embargo on Russian crude and petroleum products imports, reports List23.
Immediate embargo on Russian fossil fuels
Imposing...
Marine Transportation System Under Threat
The Coast Guard Cyber Command, Maritime Cyber Readiness Branch informs the stakeholders of an increase in fake business websites targeting the Marine Transportation System (MTS), reports Safety4Sea.
Fake websites
As it is informed, many Marine Transportation...
An Imminent Multi-Device Update For WhatsApp Web And Desktop
While we’re waiting for a new version for multi-device, that allows linking a secondary mobile device to your WhatsApp account, planned at a later date, WhatsApp is now announcing an imminent multi-device update for...
Most Innovative Companies Of 2022
Innovating on behalf of customers never goes out of fashion. The annual showcase of the best in business features inspiring stories across a wide range of industries, from advertising to wellness, and every corner...