Total Finalizes LNG Supply Agreement With MSC Cruises

Total and MSC Cruises officialised today a supply agreement for approximately 45,000 tons per year of Liquefied Natural Gas (LNG) to MSC Cruises’ upcoming LNG-powered cruise ships to make calls in the port of...

Ship Blockage At The Suez Canal Disrupts Global Shipping

The overnight running aground of a mega container ship that has blocked maritime traffic on both sides of the Suez Canal is delaying ship movement and will disturb trade flows in the near term,...

US Reports 5,804 Known Variant Cases Of COVID-19

Europe's top medicines regulator on Thursday said the AstraZeneca-Oxford University COVID-19 vaccine is safe, despite reports of unusual blood clots in several people among the 18 million who have received at least one dose...

New COVID Pill To Prevent the Disease Begins Human Trials

Pfizer is beginning a trial of early-stage covid.  Trials are underway to check if they can be given to both healthy and infected people.  The pill needs to be taken twice a day.  ...

‘Herd Immunity’ Penetrating Double Mutant COVID Variant Emerges

A new Lineage of mutant coronaviruses could be emerging as double mutations happen.  E484Q and L452R mutations are detected in the spike protein of the covid19 virus in India. Scientists believe that these...

Containership Aground in Suez Canal Partly Refloated

The container ship that ran aground in the Suez Canal yesterday has been partially refloated, shipping agent GAC said today. There are signs of a build-up in tanker traffic at either end of...

Suez Canal Accident To Impact Cross-continent Arbitrage Trade

Dozens of oil and refined products tankers are still waiting to pass through the Suez Canal. An ultra large container ship is stuck and market participants cautioned that it is a logistics disruption. ...

April Western Low Sulfur Arbitrage Volumes Close To 3M Mt

Low sulfur material originating from the West and being arbitraged to the East for April arrival may near 3 million mt. April arrival volume was more or less steady, or a touch higher,...

Maersk Buys 4 TEU Ships, Likely To Be Renamed

The last boxships with the prefix of CSAV, a Chilean liner brand, are set to be renamed. Four 8,600 teu ships – the CSAV Tyndall, CSAV Toconao, CSAV Traiguen and CSAV Trancura – controlled by Zodiac Maritime and Eastern...

Training Course on Safety Culture and Leadership in The Shipping Industry

Safety Culture interventions are the next measures for reducing incidents and accidents in Shipping. Any group with a stable membership and a history of shared learning will have developed some level of culture, says...