Why Contracting Omicron Is Better Than Vaccination?
Billionaire Bill Gates said the omicron variant moved faster than COVID-19 vaccines, creating a high level of natural immunity, reports Washington Examiner.
The Munich University Conference
While speaking at the Munich Security Conference, Gates, who has...
Asia’s Cash Premiums For 0.5% VLSFO Rises
Asia's cash premiums for 0.5% very low-sulphur fuel oil (VLSFO) climbed on Tuesday, buoyed by steady cargo demand.
While the front-month spread for the marine fuel grade widened its backwardation.
Cash premiums for...
Tanker Market Cautious, Possible Sanctions On Russian Oil
Russia-loading fixtures still being carried out, but some owners wary
Owners will rely on sanctions clauses if new measures against Russian oil imposed
War risk premium in place for Black Sea, Sea of...
SPR Release Contemplated By White House, Oil Price Nears $100/b
Russia-Ukraine risks keep oil prices elevated
DOE offered 50 million barrels in November
US SPR inventory falls to lowest in 19 years
A recent news article published in the Platts states that White House...
AAL Shipping Receives Increased Orders For Innovational 3rd Generation Newbuildings
A recent news article published in the AAL SHIPPING states that it has increased the orders of its innovational third generation newbuildings.
Launch of 3rd generation newbuilding plan
Late November 2021, AAL Shipping (AAL) announced the...
P&I Reports Contradict Tricky Talks in Run-up To Renewals
P&I Clubs have congratulated themselves on achieving their renewal goals and thanked members for their continued support, reports Seatrade Maritime News.
However, intermediaries involved in the increasingly frenetic run-up to Sunday’s deadline single out this...
MACN Reveals the Regions With Most Corruption Incidents
The Maritime Anti-Corruption Network (MACN) has released the results and lessons learned from 10 years of collecting data of corrupt demands in maritime trade, reports Safety4sea.
Data shows extent of a global problem
Across the world’s...
CryoSafe Services Enters New MoU for Clean Fuels Project
CryoSafe Services has signed a memorandum of understanding (MoU) with C-LNG Solutions Pte in Singapore that will see the two companies jointly work on clean fuels – including ammonia and hydrogen - R&D projects,...
Container Volume Major Chinese Ports Drop 10.6% in Feb
Container volume at eight major Chinese ports declined 10.6% year-on-year in early February coinciding with the lunar new year holidays, reports Seatrade Maritime News.
Drop in export container volumes
Export container volume declined 8.3% while the...
FPSO Explodes With 60000 Barrels Of Crude Oil Onboard
An oil storage vessel that exploded off the Nigeria coast earlier this week was loaded with about 50,000-60,000 barrels full of crude oil, reports Marine Insight.
Vessel explosion
Nigeria’s Shebah Exploration & Production Company Ltd (SEPCOL)...