Oil Magnates Shakeup The World With Billionaire Daughters Taking Control
Oil merchant Torben Østergaard-Nielsen now assigns 66 percent of his life work, A / S United Shipping & Trading Company, to his two daughters, Nina Østergaard Borris and Mia Østergaard Nielsen.
The two...
No Disembarkation, 200,000 Seafarers Living in Fear
While cruise companies have been able to get most seafarers home by pooling thousands of workers and chartering flights, or in some cases taking them home on luxury liners empty of passengers.
The...
Singapore Holds Supremacy as International Shipping Centre for 7th Time in a Row
Singapore retained its position as the world's most important shipping hub on the Xinhua-Baltic International Shipping Centre Development (ISCD) Index.
This is the seventh consecutive year Singapore is ranked first on the index,...
65% of China’s Onshore Storage Propels Port Congestion and Spot Rates
Port congestion is on the rise and even though floating storage is off its peak, there’s a long, long way to go before all those cargoes are unloaded.
On the tanker-supply side of...
Global Freighter Giant To Trial Enterprise Blockchain
One of the world’s largest freight carriers wants to use an enterprise blockchain from the Alibaba Group to cut costs, reports Coindesk.
Ant Blockchain trial
Shanghai-based Cosco Shipping confirmed earlier this week it would trial Ant...
MSC Rebuts T&E’s Interpretation of Its Carbon Emissions
MSC is highly concerned by the misleading interpretation of data presented by Transport & Environment in relation to MSC carbon emissions reported under the EU MRV scheme.
The ratio of carbon emissions per...
BP Sinopec Joint Venture Extends To Fujairah Bunker Market
The BP and Sinopec marine fuel bunkering joint venture will start deliveries of high sulfur and low sulfur fuel oils to Fujairah next month.
Sinopec started producing LSFO for bonded bunkering in January...
EU Legislation Implementation Hits A Snag Amid Coronavirus Pandemic
The COVID-19 pandemic affects the industry’s endeavours to implement the upcoming European Union’s Ship Recycling Regulations (EUSRR).
Many shipowners may not be able to finalize the required Inventory of hazardous materials (IHM) prior...
Container Ship Anchor Fouled
Maersk container ship anchor was found fouled and can not shelter from storm, reports Maritime Bulletin.
All ships anchored at Cape Town anchorage were advised to shelter from oncoming storm, or to sail further off...
As Oil Prices Slips by 1.2% Will OPEC+ Evade ‘Taper Tantrum’
Oil prices dropped on Monday on a record daily rise in global coronavirus cases with big spikes in infections over the weekend in the United States.
While traders await an OPEC technical meeting...