The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from...

The Maritime Industry like the rest of the world had a turbulent time last year due to covid situation and as we start this year with new hope let's take a look at the...

University of the Witwatersrand and Oxford University research shows vaccines have reduced efficacy against mutation, says an article published in the Guardian.  Limited Protection Against South African Strain British drugmaker AstraZeneca said on Saturday that its...

Maritime container freight shipping is steaming ahead through the Covid-19 pandemic, boosted by strong demand for Chinese exports and a shortage of vessels according to industry experts. Freightos Baltic Global Container Index The Freightos Baltic Global...

630 ocean-going commercial ships and offshore units were sold to the scrap yards in 2020. Of these vessels, 446 large tankers, bulkers, floating platforms, cargo- and passenger ships were broken down on three beaches...

Exxon reported its first annual loss in at least three decades, reports Bloomberg Quint. Within that, it took a $19 billion impairment.  Free cash flow swung negative to the tune of almost $5 billion,...

Maersk has given clients hope their delayed shipments on the 13,100 teu Maersk Essen may get to Los Angeles within a couple of weeks, reports Splash247. Boxes lost due to the storm The ship suffered the fourth...

d’Amico International Shipping S.A., announces that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”), exercised its purchase option on the MT High Priority, says a press release published on their website. Vessel purchase d’Amico International...

The global VLCC orderbook has seen a sizeable chunk removed this week, reports Splash247. The cancellation  South Korea’s Hyundai Heavy Industries and sister yard Hyundai Samho Heavy Industries have cancelled 10 VLCC construction contracts worth KRW980bn...

Chinese exporters suffer from extreme shortage and rising costs of shipping containers, which strand in America and Europe due to the COVID-19 pandemic, reports CGTN. Rising shipping prizes  East China's Yiwu, also known as China's commodity-exporting...