Record Surge in Crude Oil Production
With new sources of crude oil and condensate coming online, coupled with a significant increase in allowed production under the latest OPEC+ deal, Russia could break its 2018 production record in 2023, says an...
New Piracy Threats in Indian Ocean Prompts Rethink of High Risk Area
A continued downward trend in Somali piracy has prompted shipping organisations to reduce the geographic boundaries of the High Risk Area (HRA) for piracy in the Indian Ocean, which will apply from September 1...
Secondhand Market More Attractive for Dao Shipping
UK-based outfit Dao Shipping, an affiliate of Ray Car Carriers, is making waves in the secondhand market.
Dao has decided it’s time to start fattening its fleet, striking at a time when bulker...
Forth Develop World-First Oil Pipeline Robotics
An exciting opportunity has become available to help bring to market world pioneering robotics to repair oil pipelines from a safe, remote distance without the need to stop production, says an article published on...
Flex LNG Secured a Charter Extension
John Fredriksen’s Flex LNG has secured a charter extension with an undisclosed energy major for the 174,000 cu m LNG carrier Flex Amber, says an article published on global news wire website.
Charter extension
An option...
Uncontrolled Movement of Mooring Lines Poses A Risk of Injury or Death
The Transportation Safety Board of Canada (TSB) published a report in which the crew of a bulk carrier fell overboard after a workboat struck by mooring line.
Incident
On 12 May 2020, 3 of the bulk...
Port Sees Steady Development Despite Covid Spread
Cargo handling at Ningbo-Zhoushan Port has remained stable despite the recent COVID-19 sporadic outbreaks in the nation.
It is a port which ranks third in global container handling capacity and recorded the largest...
China-US Freight Rates Crosses US$20,000, As US Shopping Season Arrives
At present, the Delta mutant virus has accelerated its spread, leading to a slowdown in global container turnover.
The virus variant has a greater impact on some Asian countries and regions, prompting many...
Chinese Economy Crumbles, Global Shares Topple
Global shares slid on Monday after a raft of Chinese economic indicators showed a surprisingly sharp slowdown in the engine of global growth.
Just as much of the world races to stem the...
One Covid Case, New Zealand Announces Strictest Level Lockdown
New Zealand's Prime Minister Jacinda Ardern has announced a nationwide lockdown after the country confirmed one coronavirus case.
The first locally transmitted Covid-19 case in the community since February.
As per CNN news source...