Optimizing Fleet Operation & Cost Cutting Efforts Key To Enhanced Profitability in COVID19!

According to a LoadStar report, South Korean carrier HMM reported a $55m net loss for the first quarter – a dramatic 63.2% improvement on...

US Crude Contract Expiry Looms, A Month After Negative Oil Price!

According to a Reuters report, a month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the...

Asia-Europe Capacity Crunch Pushes Carriers To Increase Freight Rates!

According to a LoadStar article written by Mike Wackett, CMA CGM has announced a $300 increase in FAK rates from Asia to North Europe...

[Watch] First Successful COVID19 Antibodies Production in Vaccine Trials!

In a major development in COVID19 Vaccine trials, Volunteers who received Moderna's Covid-19 vaccine had positive early results, according to the biotech company, which...

Weekly Tanker Report – Week 20, 2020

  The Baltic Briefing has issued the tanker report for the 20th week of this year. The report dated 15th May 2020 provides a valuable...

d’Amico Inks Sale Deal Generating Net Cash of US$ 8.8 million

d'Amico International Shipping S.A. announces its memorandum of agreement for the sale of one of its handysize vessels, generating around US$ 8.8 million in...

COVID-19 Guidelines for Safe Ship & Shore Interface To Limit Further Transmission

The International Group of P&I Clubs, in partnership with other shipping industry organisations, has released the COVID-19 Related Guidelines for Ensuring a Safe Shipboard...

Cargo Flights Now Available for Customer Travel!

Air Lines, driven by demand for air cargo also opens for the return of passenger services. But the question is, for how long....

Container Volume at Major Chinese Ports Declined UpTo 15% in Early May!

Cargo throughput at major Chinese ports declined 5.6% and Yangtze river hub ports dropped 11.8% during the first ten-day period of May. The...

COVID19 Oil Price Crash Shuts the Door for U.S. Fixed Investments!

Oil and gas sector investments have grown as a share of total U.S. nonresidential business fixed investments. The share of the oil and...