Infographics Show Global Economic Impact of COVID19!
According to a BBC report, The coronavirus outbreak has left business around the world counting the costs as it spread from China to every...
COVID19 Oil Crisis Likely To Shut Down the Oil Industry!
The oil prices have plunged deep.
Ships dawdle at sea with unwanted cargoes.
Traders take creative paths to stash oil.
The final chapter...
The Economics of Storing Oil – How Filling Up Old Tankers Work?
In yet another example of the world economy shell game coming to a hard stop amid the coronavirus pandemic, oil is incredibly cheap as demand...
Huge Demand for JA Vessels As Oil Majors Rush To Ship Oil Overseas!
According to a Reuters report, oil traders are hiring expensive U.S. vessels, normally only used for domestic shipments, to store gasoline or ship fuel...
1.3 Billion People But Only 1000 COVID19 Deaths – How Did They Do It!
A nationwide lockdown in India's 1.3 billion population seems to be working because of early imposition and other effective measures.
The blanket ban...
A Look at the Global Oil Surfeit in Images!
A pandemic-led demand crunch is causing storage tanks around the world to fill up with oil that no one wants.
Nearly 90% of...
Massive Number of Tankers Anchored in Singapore – Are Players At Risk?
Hin Leong Trading and Ocean Tankers filed for bankruptcy protection.
Singapore hosts the largest number of oil tankers at anchor in the world.
...
[Watch] First Effective Treatment Likely for Covid-19
Fauci says Remdesivir helps patients to recover much faster.
Gilead suggests that Remdesivir could become the first effective treatment for the Covid-19.
Gilead...
Singapore Regulators Reassures That Bunker Trading Sector Remains Resilient!
MPA, ESG and MAS agencies closely monitor developments related to Hin Leong Trading Pte Ltd and the broader oil trading and bunkering sectors, says...
Governments Asked To Enhance Seafarers’ Repatriation
Nautilus International urges that crew changes issue becomes a crisis, reports Safety4Sea.
Crew change difficulties
Shipping industry is facing major difficulties in dealing with crew changes...
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