UN Warns Global Economy Could Shrink by 1% Due To COVID-19
The global economy could shrink by up to 1 percent in 2020 due to COVID-19.
UN-DESA said the pandemic is disrupting global supply...
COVID19 Bunker Credit Proving To Be the ‘Achilles Heel’ of Shipping!
Despite its strength and significant role in world trade, the shipping industry is potentially vulnerable to an “Achilles heel” where financing its bunker fuel...
Save Livelihoods, 87% of World Up for Per Capita Income Shrinking: IMF
How do you co-ordinate economic policy across the globe, when an invisible enemy that behaves in unknown ways systematically erodes the very way economies...
The Global Oil Glut! Arises a Surprise Winner!
The world witnesses historic OPEC+ production cut deal.
No oil demand across the world amid lockdowns and travel restrictions.
Oil storage capacity around...
Shut Down or Find Space – Oil Majors Scramble for Storage To Survive!
According to a Reuters report, oil traders are struggling to find enough ships, railcars, caverns, and pipelines to store fuel as more conventional storage...
COVID19 Lockdowns – How Epidemic Modeling Works & How It Doesn’t?
Epidemic modeling such as compartment models is the key to develop a pandemic control strategy.
Compartment models seek to align the infected in...
Crew Change Response Starts After IMO Prodding!
China takes measures to facilitate crew change in a safe manner, responding to IMO guidance and ICS & ITF joint calls to facilitate the...
Scrubber Revenue: A Distant Dream Due To Rotterdam HSFO Discount
Discount for high sulfur bunkers in Rotterdam has for the first time narrowed to under $50/mt.
The spread between high sulfur fuel oil...
Container Shipments Set To Fall 30%! A Setback for Shipping Giants?
Global container shipments are set to fall 30% in the next few months, as retailers ask shipping companies to push back deliveries.
Shipments...
The Whole Oil Market’s Gone Absolutely Nuts!
No takers for jet-fuel and gasoline.
Oil refiners run after vessels to store fuel for future market.
Freight rates to sharply rise in...
- Advertisement -
RECOMMENDED VIDEOS
