Oil Market Positive Under Biden and Covid Cloud
Traders swung back towards cautious optimism with regards to the impending U.S. economic stimulus package and supply concerns.
It caused oil prices to rise about 1 percent - however, the perpetual worry over government-mandated lockdowns to combat...
SSA Clarifies Doubts On Latest Covid 19 Measures At Singapore Port
The Singapore Shipping Association (SSA) clarifies doubts raised by bunker suppliers & surveyors regarding the latest Covid-19 measures introduced at Singapore port.
The SSA says that several industry players believe the latest changes...
A Lineage of 50 Years of Oil Spill, How Governments Responded?
Christian Ingvorsen is an oil expert and marine engineer in DESMI oil spill response.
He gives a big picture view on oil spills and their impact on how governments and the private sector...
US President’s Next Step Crucial for Asian Oil Market
Japan's 2021 crude oil imports seen falling 5-10%.
US President Joe Biden's next steps on Iran, Venezuela sanctions in focus.
JKM closes below $9/MMbtu as LNG cargo shortage eases.
China's domestic thermal coal...
Chaos, Container Shortage & Delay Push Shipping Cost by 300%
Shipping costs have skyrocketed as desperate companies wait weeks for containers and pay premium rates to get them, according to industry watchers.
Ikea’s Singapore operations called it a “global transport crisis” and estimates...
European Countries Mandate Medical-grade Face Masks
A number of European countries are beginning to make medical-grade face masks mandatory in the hope that they can slow the spread of the new variant of coronavirus.
The French government has now...
Shipping Companies Work Together To Help Sailors Stuck at Sea
More than 300 firms agree to work together to help the hundreds of thousands of sailors stuck due to COVID restrictions, says an article published in Aljazeera.COVID-19 Crisis
More than 300 top shipping, mining and...
BIMCO Publishes Sanction Clauses for Container Trade 2021
A new time charter sanctions clause specifically designed for the container shipping sector has been published as a press release by BIMCO in their website.
Clause Details
The BIMCO Sanctions Clause for Container Vessel Time Charter...
Skyrocketing Freight Rates Delays Shipments
According to an article published by Tom Brown in ICIS, the shipping woes that have dogged the chemicals sector for months shows no sign in abating, with disrupted international trade flows driving up prices...
[Watch] Stranded Tanker in ‘Financial Crisis’ Runs Aground
Crew onboard a tanker that ran aground in Umm Al Quwain are hoping that, after three-and-a-half years at sea, they will at last be able to go home, reports the National News.
Crew in financial...