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...
COVID-19 Cripples Container Shipping Capacity in April!
Covid-19 hits the global container shipping capacity.
About 11% of sailings are cancelled in May on all the mainlines trades.
Nearly, 302...
Euronav’s Contango Opportunity, Can It Benefit from The COVID-19 Situation?
Euronav owns both the Europe and Oceania Ultra Large Crude Carriers, which it operates as floating storage.
The company also owns 39 VLCCs...
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