COVID19 Stranded Containers Facing New Temporary Port Storage Risks!

  As COVID19 continues to disrupt shipping by giving less access to ports and crew for smooth operations, shipping lines are strategizing to store containers...

Carriers Face Scrubber Investment Washout As Oil Continues To Fall!

According to a Loadstar report by Mike Wackett, the strategy of carriers, such as MSC, Evergreen and HMM, to heavily invest in exhaust-cleaning scrubbers...

Product Tanker Market Awaits A ‘ Supercycle’ As Storage Demand Rises!

A price war and demand destruction because of the coronavirus pandemic have sent oil markets into a whirlwind during the past two months, writes...

First COVID19 Vaccine Trial in Closest Human Like Animal Successful!

In a major development, China has declared that a coronavirus vaccine developed in China has been proven effective in monkeys, reports CGTN. What is it? PiCoVacc,...

Why the Oil Market Would Be Bullish Over $20.27?

U.S. West Texas Intermediate crude oil futures are up for a third straight session. As major producers began output cuts to offset a...

[Watch] Thirsty Man Jumps on Moving Truck To Drink Wine!

Video of the wild ride published in GoodDay website was recorded on the Cherokee Freight Lines tanker truck Moreno allegedly targeted. The Modesto CHP arrested...

Three-fold Increase of Piracy Incidents in Asia During Q1, 2020!

ReCAAP ISC report shows a three-fold increase of piracy incidents in Asia during Q1, 2020, says an article published in Safety4Sea. Q1 2020 piracy report ReCAAP...

China’s First-ever Quotas on Bunker Exports Could Limit LSFO Imports!

Chinese authorities gave a rebate on the 13pc value-added-tax (VAT) paid on sales of fuel oil into bonded market from February 1. Total...

Safe Interface Guidelines To Control Spread of COVID-19 Prior To Boarding Any Ship

The International Group, in partnership with shipping industry associations, launched guidance for safe interface between ship and shore staff, reports AmericanClub.com. Guidance for interaction The International...

Leaking Steam System Valve Caused Severe Hand Burns!

A recently published report by UK P&I CLUB brings to light the various real-time accidents related to burns that had taken place in ships. ...