Floating Storage Hits Peak and Tanker Market Likely To Fall!
The seaborne crude exports are to fall over May and further cutbacks are scheduled in June.
The release of tonnage from floating storage...
Demand for Tankers and Floating Storages Plummet Amid COVID-19
Crude oil prices regained their footing in late April.
VLCC’s and suezmaxes reached $250,000 per day and $100,000 per day.
It is respectively...
LNG on The Verge of Collapse, Hit As Hard As Crude Oil!
LNG is hit as hard as the crude oil industry and is on shaky ground.
20 cargoes of U.S. LNG have been cancelled...
Airport Congestion Eases As Forwarders Use Ocean Services
Shanghai airport’s cargo backlog is slowly easing.
The forwarders are still recommending shippers turn to expedited ocean freight.
China’s crackdown on shoddy PPE...
Researchers Say COVID-19 Can Enter Through Your Eyes!
COVID-19 virus can enter the body through your eyes.
It enters through the eyes by combining it with the ACE2 receptor.
It uses...
Cybercrime and COVID-19: Interpol Asks People To Be Vigilant!
While businesses and households navigate Covid-19, cybercriminals are making the most of the disruption and finding ways of penetrating corporate defences.
Cybercriminals are...
Retired Supply Ship Put Up for Display!
Retired supply ship Hongzehu has been handed over to a memorial hall and will be open to the public.
First launched in 1979,...
Shipping Company Launches Japan’s First LNG Bunkering Vessel!
Japanese shipping company Kawasaki Kisen Kaisha Ltd. launched Japan’s first LNG bunker vessel (LBV) at the Sakaide Works of Kawasaki Heavy Industries Ltd.
...
Bulk Carrier Runs Ashore!
Bulk carrier runs aground in the Parana river, writes Mikhail Voytenko for Maritime Bulletin.
Mars Harmony grounded
Bulk carrier Mars Harmony ran aground at 387 kilometer...
How Seafarers Are Keeping Global Trade Afloat in Times of Corona!
According to a Guardian report written by Karen McVeigh , working in a cargo ship is a ‘Ticking time bomb’ as contracts aren’t honoured...
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