PIL Orders 2 Containerships from China
Singapore’s Pacific International Lines (PIL) has placed newbuilding orders for the first time in seven years.
This is followed after seeing its fortunes revived amid the soaring freight market.
A Loadstar news article published...
Experts Warn Against Benadryl And Milk COVID Treatment
Several questionable methods have been suggested as treatments for COVID-19, from a medication that fights malaria to the anti-parasitic drug ivermectin.
Rep. Jeff McNeely, R-Iredell, said on Facebook that milk “may be the...
Omicron Vs Zero-Covid: How Will China Exit Zero-Covid?
China’s stringent zero-COVID strategy is likely to face its toughest test yet in the next few weeks, as millions of people travel around the country for Chinese New Year, and the Winter Olympics begin...
Carriers Focus On Big Bucks, Secondary Trade Hit Badly
The cellular fleet grew by 4.5% last year, to 24.97m teu.
But capacity was cut on some routes as carriers re-deployed as much tonnage as they could on the more lucrative east-west tradelanes.
A...
How Much Did Euronav Gain Upon the Redelivery Of 4 VLCCs?
A recent news article published in the Splash 247 by Sam Chambers states that Euronav gains $18m upon redelivery of four sale and leaseback VLCCs.
Redelivery of four VLCCs
Belgian tanker giant Euronav has revealed that...
COVID-19 Cases in Olympic Bubble Rise To 106 Amid Strict Regulations
Nine arrivals test positive at Beijing airport, days after IOC eases negative result threshold
No locally transmitted Omicron cases for three straight days in city
The number of Covid-19 cases related to the Winter...
High Shipping Volumes & Rising Rates Drove Demand for Reveels Platform
Reveel, whose Shipping Intelligence™ Platform enables companies to level the playing field with carriers, reflected on some of the numerous performance milestones the company achieved in the past year. Notably, 2021 was a historic...
BIMCO Publishes Force Majeure Clause 2022
BIMCO has released the new Force Majeure Clause 2022.
Definition
Force majeure as a civil law concept is designed to excuse one or all of the parties from liabilities and or obligations under a contract. It...
DNV To Lead Ammonia Bunkering Safety Study in Singapore
The Global Centre for Maritime Decarbonisation (GCMD) has selected a consortium led by Norway-based classification society DNV to conduct a study on ammonia bunkering safety in Singapore.
By devising new safety guidelines and...
[Infographic] ReCAAP Reports 15% Decrease in Piracy & Robbery in Asia
The ReCAAP ISC has released its Annual Report on piracy and armed robbery against ships in Asia in 2021, reporting a total of 82 incidents of armed robbery.
Armed robbery against ships
There was a total...