This Country Sticks To “Zero COVID” Amidst “Living with COVID”
Around the world people are getting used to post-lockdown life with vaccines doing the heavy lifting against Covid-19 as restrictions are eased, reports BBC.
Hard elimination policy
In China however, a hard elimination policy remains where...
Weekly Bulk Report – Week 45, 2021
The Baltic Exchange has released a report about the dry bulk market for the 45th week of shipping activities of this year. The report dated 12th November highlights the dry bulk market conditions at...
Slowing Chinese Economy Vs Global Financial Market
The US government is monitoring the real-estate debt crisis in China closely, said Treasury Secretary Janet Yellen. A slowdown in China would have "global consequences," Yellen told CBS' "Face the Nation", reports Business Insider.
US...
Will Delta Outbreak Implement Another Lockdown?
China is battling the spread of its biggest COVID-19 outbreak caused by the Delta variant, according to numbers announced on Monday, with travelers from a city where infections have grown faster than elsewhere in...
Shipowners Make ‘$300,000 Payoffs’ To Free Detained Vessels
Indonesian navy detains ships waiting near Singapore port.
Shipowner sources say costs $300,000 to have them released.
Navy denies receiving or asking for money.
Arrests come as pandemic delays cause port congestion.
More than...
Ten Ltd Announces Long-term Charters for VLCC Tankers Duo
TEN, Ltd has announced long-term charters for two VLCCs to major oil concerns, reads an official press release.
Long-term charters for carriers
The contracts, for minimum three - maximum five years, incorporate profit sharing provisions and...
Bunker Sales Volume Rise By 2.5% on Year in October
Marine fuel sales at Singapore port increased by 2.5% on year during October 2021, reports Manifold Times quoting the Maritime and Port Authority of Singapore (MPA) data.
Bunker fuel sales
In total, 4.25 million metric tonnes...
MOL To Participate in Marine Biodiversity Protection Project
Mitsui O.S.K. Lines, Ltd. will be participating in the industry-academia-government collaborative project to conserve marine biodiversity called "Ocean180," led by Professor Yasuhiro Kubota of the Biology Program, Marine and Natural Science Dept. in the...
AMSA Increases Maximum Draft Limits For Vessels
Bulk carriers, tankers and now container vessels can pass through Torres Strait with a maximum draught up to 12.5 metres, using AMSA’s under keel clearance management (UKCM) system.
With effect from 1 November 2021,...
Shipping’s Extreme Consolidation Can Prolong Supply Chain Distress
Just 16 companies control 80% of world’s liner shipping, container production and box-leasing capacity.
Three main decision-making groups steer vessel and equipment pricing and availability.
Containers used to move ocean cargo are owned...