Idle Fleet Below ‘1m TEU’ for the First Time in 2020 As Carriers Charter
According to a Loadstar article written by Mike Wackett, some 90 containerships, equating to over 600,000 teu of capacity, have found employment in the past month as carriers continue to reinstate blanked sailings and...
Carriers’ Backlog Deliveries To Upset Boxship Trade
Despite the containership orderbook at a historic low, the top carriers have a backlog of 86 ships of over 10,000 teu stemmed for delivery over the next two to three years, writes Mike Wackett...
FDA To Bypass Federal Approval for Emergency Authorization of COVID19 Vaccines
The chief of the U.S. Food and Drug Administration is prepared to bypass the full federal approval process in order to make a Covid-19 vaccine available as soon as possible, reports CNBC
Emergency Authorization Needed?
Insisting...
NSR Cargo Traffic To Significantly Increase Up To 80 mt/year
Thousands of tons of cargo to be transported via Russian Arctic sea route in 2020.
World’s largest sailing ship, ‘Sedov’, arriving at the Russian Far Eastern port of Vladivostok.
Sedov taking part in...
Electric Problem Disables Panamax Bulker
A bulk carrier encountered an electric problem and was disabled on Aug 21 in Indian ocean east of northern Madagascar, reports Maritime Bulletin.
What happened?
Bulk carrier YASA UNITY was disabled after she encountered electric problem...
New ‘Pollution-Cutting’ Measure Targeting Cargo Ships Adopted
California Air Resources Board adopts their biggest pollution- cutting regulations in more than a decade, which will take effect from 2023.
Regulations to create stringent emission standards for diesel trucks and cargo ships.
...
Cosco Shipping Port Declares 2020 Interim Results
COSCO SHIPPING Ports Limited, the world’s leading ports operator, announced interim results of the Company and its subsidiaries for the six months ended 30 June 2020, reports Cosco Shipping in its official website.
COSCO...
No One Wants To Buy Ships Amidst COVID19 & IMO 2020 Uncertainty
The global shipping industry is in the midst of one of its biggest changes in a generation after the imposition of stricter environmental rules.
Ship owners face paying more for cleaner fuel, retrofitting...
Team Tankers Announces Q2 2020 Results
Team Tankers reported EBITDA for the 2nd quarter of $21.7 million.
Net loss in the 2nd quarter of 2020 was $2.4 million.
The average time charter equivalent rate for the fleet was $14,667...
Asian HSFO Markets Survive IMO 2020 Despite COVID-19
LSFO is the marine fuel of choice worldwide, but HSFO has held its stead in Asia.
Demand for high-sulfur fuel oil is expected to remain strong in Singapore.
MPA Singapore sales of 380...