Maintaining the Supply Chain, Sailors Stuck at Sea Due To COVID-19
Travel restrictions and tight virus controls leave thousands of weary seafarers stranded at sea.
Shipping companies hit by crumbling demand and fractured supply...
Tanker Freight Rates Tumble Ahead of OPEC+ Talks
Supertanker freight rates have fallen after seeing a high last week.
Freight rates can drop further if OPEC+ countries decide to cut output...
Cruise Line Raises $6 Billion in Stock To Remedy Coronavirus Aftermath !
Carnival plans to issue $1.25 billion in stock, $3 billion in secured notes and $1.75 billion in convertible notes all due 2023.
Carnival’s...
Super-Yacht Designed To ‘HIDE’ in Background
Superyachts are usually made to stand out, but HIDE's new cutting-edge concept is quite the opposite, designed to blend into the background.
The...
Crude Tanker Rates Double As Oil Prices Plummet
The coronavirus outbreak continues to drag on economic growth, and particularly dampen demand for oil products.
Removal of sanctions on a large Chinese...
Panama Maritime Authority Unveils Statutory Certification & Services
According to an article published in Safety4sea, the Panama Maritime Authority issued a marine notice informing all Shipowners, Operators and Recognized Organizations on how...
BIMCO Ally VPS To Provide New Bunker Alert Services
BIMCO enters a new cooperation with Veritas Petroleum Services (VPS) who publishes regular Bunker Alerts based entirely on fuel samples.
When a quality...
Urgent Provisional Measures To Remain Fully Operational Amid COVID-19
The Shipping Deputy Ministry of Cyprus sets new measures for its operations, addressing the difficulties encountered while fighting the COVID-19 spread, says an article...
Ship Operators Can’t Get of the Hook As Force Majeure Not Part of Loan...
Some owners have asked whether they can use force majeure to stop paying their banks. And the quick and easy answer to that one...
Surcharges Cancelled As Fuel Prices Drop Amidst Rising Blank Sailings!
According to a LoadStar article written by Mike Wackett, container spot rates from Asia to Europe remained stable last week and, having withdrawn around...
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