Tanker Rates Increased by 25% As Floating Storage Demand Surge!
In a major development, tanker rates to ship oil in very large crude carriers (VLCCs) are surging as oil traders hunt for ships to...
No Lockdowns! Tracing & Testing Coronavirus Infected People Showing the Way?
A country has done a commendable job in containing the coronavirus despite not going for official shutdowns.
The 50 million people of South...
China To Flag Development of 23 Logistics Hubs
China’s National Development and Reform Commission and the Ministry of Transport has issued a joint statement.
They issued notice to officially start the...
Leading French Shipping Group To Sell Stake?
CMA CGM plans to sell a piece of Ceva as it faces limited liquidity options.
The French carrier’s reported core ebit of €1.13bn...
Massimo Roccasecca, Architect Behind Europe’s First ‘Coronavirus Wall’!
Massimo Roccasecca was behind Europe’s first ‘coronavirus wall’ in northern Italy.
He is the group cargo director for four airports – Venice, Verona,...
More Lenders Back Initiative To Factor CO2 Cuts Into Shipping Finance
A group of leading banks signed up to environmental commitments known as the “Poseidon Principles”.
Global shipping accounts for 2.2% of the world’s...
Bureau Veritas Completes First Drone Survey in the Holds
Bureau Veritas performs the first survey by drone.
Prior agreement from the flag authority was confirmed as the ship is subject to the...
Is The Flying Dutchman Legend Coming True?
The Argentinian government has banned all transit, working & temporary visa applications.
Thes include China, South Korea, Iran, Japan, the USA, UK, and...
US Bans Cruise Ship As Coronavirus Becomes National Emergency!
American President Donald Trump has suspended cruise operations for a month as a part of a national emergency.
All cruise ship operations will...
It is Oil Supremacy Tiff Now! VLCCs Booked on Subs for More Than $200,000...
VLCCs, trading in gloom for around $18,000, were booked on subs for up to $241,949 a day.
Limiting crude production negotiations came to...
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