Fresh Demand Worries Keep the Oil Indexes in Turmoil
According to a MABUX press release, MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) declined on September 07, 2020.
380 HSFO:...
Why & How Some People Live in COVID19 Pandemic Denial
According to a CNN report, with so much information available about the severity of the coronavirus and the need to follow guidelines, some people still refuse to accept the reality.
How This Denial Works?
The denial...
Study Underlines Effectiveness of COVID19 Masks
Months into the COVID-19 pandemic, wearing a mask while out in public has become the recommended practice. However, many still question the effectiveness of this and that's what this study highlighted by Eurekalert is...
Weekly Bulk Report – Week 36, 2020
The Baltic Briefing has released a report about the dry bulk market for the 36th week of shipping activities of this year. The report dated 04th September highlights the plight of the dry bulk...
Shreyas Shipping Strikes Ship Chartering Deal With Unifeeder
Shreyas Shipping & Logistics Ltd, has struck a unique and mutually beneficial vessel chartering agreement with Transworld Feeders Pvt Ltd, subsidiary of the Unifeeder Group.
It will acquire the container vessel operating business...
[Watch] How Shipping Companies Evolved in the Last 4 Decades?
Lars Jensen, a leading expert in the container shipping industry as a “fun fact” found a list of the 20 largest container shipping lines in 1980 to see how many were left now 40...
World’s First Ammonia-fueled Tugboat Into Practical Use
Joint R&D starts for practical application of Ammonia-fueled tugboat.
NYK, IHI Power Systems Co., Ltd., and Nippon Kaiji Kyokai (ClassNK) signed for the joint R&D.
Carbon dioxide (CO2) is not emitted when ammonia...
ABS Expands Global Sustainability Capability With New Centers
ABS develops an unparalleled global network of sustainability expertise with centers of excellence located in key maritime cities around the world.
It has its sustainable centers in Athens, Houston and Copenhagen and Singapore.
...
Repeated Reignitions in VLCC Tanker With 2 Million Oil Barrels
Fresh fire hits stricken oil supertanker off Sri Lanka and put off.
The fire in the aft section and superstructure reignites again.
The whole structure in aft section overheats with a substantial quantity...
BIMCO To Develop a Free-standing Force Majeure Clause
Focus on "force majeure" is on the rise due to the COVID-19 outbreak.
“Force majeure” under any contract depends on many factors.
Force majeure is not a free-standing legal concept under English law.
...