Crude Oil To Trade Around $70 Per Barrel in Q4

Oil pricing agency S&P Global Platts on Tuesday said it expects crude oil to trade around $70 per barrel by the fourth quarter, mentions a new source in CNBC TV 18. Interview with Paul Hickin,...

MOL Keen On Getting To Zero Coalition & Shipping Decarbonization

MOL announced the "MOL Group Environmental Vision 2.1" (Note 3) , aiming to realize a sustainable society. A coalition of companies aiming to decarbonize shipping. Concrete actions by governments are essential to decarbonization...

Asia Pacific Shippers Crippled by 2 Serious Threats

Although the supply chain markets of the western world appear to be recovering. New threats in the Asia Pacific have some industry analysts concerned about a crisis that could cripple supply chains in...

Google Meet Arrives With A New Tech Feature, Useful for Students

Holding video calls with colleagues or contacts around the world may soon run a lot smoother thanks to a new update to Google Meet. The video conferencing platform has revealed it is now testing live translation...

European Shares Fall 2% To One-week Lows On Tech Slide, China Woes

European stocks sank to their lowest in a week as a surge in government bond yields knocked high-growth technology shares, with fresh signs of a slowdown in China's economy weighing on investor sentiment, says...

[Answer] All You Need To Know About Wharfage Charge

Wharfage charge is a term that often raises questions among shippers. This could be so because it is sometimes shown separately in the invoice to the shipper and sometimes it does not appear at...

Bulker Rates Thrive Well Amid Congestion Off China

Sustained congestion off the coast of China has prompted a surge in dry bulk freight rates as capacity is constrained, reports Lloyd's List. Surge in capesize time charter  Last week, Lloyd’s List Intelligence data showed 679...

Maersk Divests Reefer Container Business for Nearly $1bn

  Danish container logistics giant A.P. Moller – Maersk has decided to sell its reefer manufacturer, Maersk Container Industry (MCI), to China International Marine Containers Ltd. (CIMC). The value of the transaction is $987.3...

DNV Introduced The New ABATE Class Notation

DNV has introduced the new ABATE class notation. Altera Infrastructure is the first FPSO owner to pilot the DNV notation. The ABATE notation provides a structured approach to identify and assess the implementation...

Shipping Giant MOL Sails Into India

Mitsui O.S.K Lines Ltd (MOL), the Japanese transport giant and one of the world’s largest shipping companies, has opened a wholly-owned subsidiary in India and started operations with two ships registered under the Indian...