20-Month Jail Term for Captain and 1st Officer
In Mauritius a court sentenced the captain and first mate of the MW Wakashio.
The ship's grounding in 2020 caused the worst oil spill on the coast of Mauritius, to 20 months in...
This Country Has “Four Fold” Increase in COVID Pediatric Admissions
The New York State Department of Health warned of an increase in children hospitalized with COVID-19, in a notice sent to doctors on Christmas Eve, reports New York Post.
About the notice
“NYSDOH is closely monitoring...
2021 To End With A Bullish Oil Market!
The oil markets are poised to end 2021 on a relatively high note, as concerns of Omicron impacting global demand in the same way that Delta did turned out to be overblown, reports Oil...
Oil Stockpiles Hit Record-high Drop in 2021 Amid Demand Recovery
Inventories drop by a third, versus 27% uptick in 2020
Middle distillate stocks plummet by 58% in 2021
Light distillate stocks plunge by 41%, heavy residues by 15%
Oil product stockpiles at the Port...
GoodFuels Report 3X Biofuel Bunker Sales
Marine biofuel supplier GoodFuels has seen sales of its products triple this year, reports Ship&Bunker.
Three times more sales
GoodFuels CEO Dirk Kronemeijer shared an update on the firm's progress in a LinkedIn post last week....
From Evergiven Hiccup To the Heaps of Magnificent California Harbors
This year was the year of the shipping queue for container ships waiting in line for weeks on the Suez Canal or off the coast of Los Angeles/Long Beach, Savannah and Shanghai.
COVID has played...
Hedge Funds Ride Wave In Volatile Year For Shipping Costs
A small group of hedge funds are enjoying some of the best deals in a few years, thanks to the big fluctuations in shipping charter prices.
Dry bulk shipping prices have skyrocketed to...
Three Ships With Fake Identities Detained
Indian officials are reporting that they are detaining three vessels that arrived at the scrapyards in Alang.
Government officials said on December 20 that they are planning to confiscate the vessels that are...
COSCO Launches World’s First “Zero-Carbon” Smart Terminal
World’s first smart green energy system for zero-carbon terminal was successfully connected to the grid.
COSCO SHIPPING Tianjin, as the integrated solution provider, project investor and operator of the zero-carbon smart terminal, was...
Crude oil Futures Hold Gains
Crude oil futures were slightly higher in mid-morning trade in Asia Dec. 28, extending strong overnight gains.
Key US equity indices were seen closing at fresh record highs overnight.
Oil demand in Asia...