Pemex’s COVID-19 Distress, Too Much Fuel and Nowhere To Store!
Mexico’s Pemex has too much gasoline and nowhere to store it.
It has racked up significant ship fees as demand wanes because of coronavirus.
3 million barrels of refined products are sitting in...
Drone Assisted Survey Enables Monitoring from A Safe Distance
A recent marine case study published in Lloyd’s Register explains its drone-assisted survey of CSL’s vessel. Bulk cargo carrier operator, CSL uses drone technology to improve safety and reduce costs.
Bulk carriers due for close-up...
Charter Rate Risks: Oil Market Contango and Tanker Breakeven Analysis
Current contango in oil markets with futures prices much greater than spot.
Tanker time charter rates have increased to near record levels.
Limited storage could force producers and traders to store crude oil...
Asia-Pacific Refineries Increase Running Costs Due To COVID-19
Refineries in Asia-Pacific are further reducing throughput due to storage issues.
They are halting operations as governments introduce strict measures to combat the coronavirus pandemic.
There is a worldwide reduction in crude oil...
What the Future Holds for the Drybulk Industry Amid Global Recession?
Rates for Capsizes are at the capacity of around 180,000 deadweight tons.
Prior to 2009, vast fortunes were made in dry bulk.
The largest cargo business in the world measured by volume.
The...
All You Need To Know About N95 Respirators! Do You Need To Buy One?
N95 respirators have gained prominence amid the COVID-19 pandemic.
Respirators are designed to create a seal around the face so they filter out most particles.
They provide the best possible protection in the...
[Watch] Corona Alert! High Temperature and Humidity Destroys Virus!
A number of research studies are being carried out to control the spread of coronavirus.
Coronavirus does not survive long in high temperatures and high humidity reveals Lab experiments.
Lab experiments show that the...
ABS Pioneers 3D Models for Class Surveys
The US-based classification society, ABS informed that they have successfully completed a pilot project using 3D digital models for class surveys.
Through this initiative, ABS becomes the first in Industry that accepts 3D...
COVID-19 Onboard: Master and CO Test Positive!
Master and Chief Officer of Italian tanker test positive for Coronavirus.
The rest of the crew tested negative.
Tanker remains berthed at Antwerp under quarantine.
Master and Chief Officer of Italian tanker, FT Quarto,...
Difficult To Assess IMO 2020 Impact Until COVID19 Recedes!
In an article published in Ship Insight, Malcolm Latarche writes that it will be difficult to ascertain a full picture of how well the international shipping industry is complying with the new sulphur 2020...