Exxon reported its first annual loss in at least three decades, reports Bloomberg Quint.Within that, it took a $19 billion impairment.  Free cash flow swung negative to the tune of almost $5 billion,...

Maersk has given clients hope their delayed shipments on the 13,100 teu Maersk Essen may get to Los Angeles within a couple of weeks, reports Splash247. Boxes lost due to the storm The ship suffered the fourth...

d’Amico International Shipping S.A., announces that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”), exercised its purchase option on the MT High Priority, says a press release published on their website. Vessel purchase d’Amico International...

The global VLCC orderbook has seen a sizeable chunk removed this week, reports Splash247. The cancellation  South Korea’s Hyundai Heavy Industries and sister yard Hyundai Samho Heavy Industries have cancelled 10 VLCC construction contracts worth KRW980bn...

Chinese exporters suffer from extreme shortage and rising costs of shipping containers, which strand in America and Europe due to the COVID-19 pandemic, reports CGTN. Rising shipping prizes  East China's Yiwu, also known as China's commodity-exporting...

At 8.30am on Tuesday 26 January the waiting room of the emergency department at the Lariboisière hospital in Paris was still empty, festooned with signs reading “emergency department on strike” that predate the pandemic but have...

According to a BBC report, the UK government has ruled out plans to issue so-called "vaccine passports" to enable people who have had the jab against coronavirus to travel abroad. The vaccine passport debate The Greek...

Below statistic displays a ranking of the world’s leading container ship operators as of January 28, 2021, based on TEUs.With around four million TEUs overall, APM-Maersk was ranked first. A.P. Moller - Maersk...

Electrical shocks can be very serious and can cause real physical injury, permanent damage and even death.  Electrical current may cause injury in three ways: by converting energy into heat within the body, resulting...

In summary, the fundamental requirements of any best practice to avoid attack by pirates and armed robbers are: Understand the threat Gather accurate information on the situation before operating in waters where attacks have been known...