A Look at the Global Oil Surfeit in Images!
A pandemic-led demand crunch is causing storage tanks around the world to fill up with oil that no one wants.
Nearly 90% of the globe’s 4.3 billion barrels of crude oil storage is...
Massive Number of Tankers Anchored in Singapore – Are Players At Risk?
Hin Leong Trading and Ocean Tankers filed for bankruptcy protection.
Singapore hosts the largest number of oil tankers at anchor in the world.
Hin Leong owns and operates Universal Terminal, one of the...
[Watch] First Effective Treatment Likely for Covid-19
Fauci says Remdesivir helps patients to recover much faster.
Gilead suggests that Remdesivir could become the first effective treatment for the Covid-19.
Gilead shares jumped as much as 8.1% after the company’s statement.
...
Singapore Regulators Reassures That Bunker Trading Sector Remains Resilient!
MPA, ESG and MAS agencies closely monitor developments related to Hin Leong Trading Pte Ltd and the broader oil trading and bunkering sectors, says a press release published on MPA website.
Developments closely monitored
In response...
Governments Asked To Enhance Seafarers’ Repatriation
Nautilus International urges that crew changes issue becomes a crisis, reports Safety4Sea.
Crew change difficulties
Shipping industry is facing major difficulties in dealing with crew changes due to the COVID-19 pandemic and the related major restrictions.
Needs...
$3 billion Deal Signed for LNG Ship Construction in China
Qatar Petroleum (QP) enters into an agreement to reserve LNG ship construction capacity in China.
It will be utilized for Qatar Petroleum’s future LNG carrier fleet requirements.
It also includes those of its...
Coronavirus Rampant Attack from Brain To Toes
The number of confirmed cases of COVID-19 surges past 2.2 million globally and deaths surpass 150,000.
Clinicians and pathologists struggle to understand the damage wrought by the coronavirus as it tears through the...
[Watch] OPEC+ Cuts Strike As Season Begins for European Oil and Gas Majors
A podcast published by Platts and presented by Kira Savcenko updates this week's highlights.
Key highlights
OPEC+ cuts are to start on Friday;
Oil and gas company results begin to stream in;
The butadiene contract...
ReCAAP ISC Issues Weekly Report on Piracy and Armed Robbery
During 21-27 April 20, two incidents of armed robbery against ships in Asia were reported, says a press release published by ReCAAP ISC on their website.
CAT 31 incident
Of the two incidents, one was a...
NMC To Launch New E-mail Renewal Examinations for Mariners!
NMC will launch a centralized electronic delivery process through e-mails concerning the renewal examinations.
This will offer mariners the ability to request, complete, and submit renewal examinations by e-mail.
Paper mailings will still...