Weekly Bulk Report – Week 10, 2020
The Baltic Briefing has released a report about the dry bulk market of the 10th week of shipping activities of this year. The report...
“K” Line Petronas Long-term Time Charter Deal
“K” Line and Petronas LNG Ltd. sign a long-term time charter for two newbuilding LNG vessels.
The two vessels are equipped with an...
Crude Demand Fall! Traders Resort To Floating Storage on VLCCs
Crude floating storage on VLCCs rises as China demand falls.
This fall has compelled several trading companies and cargo-holders to resort to floating...
Shipping Industry’s Profit To Be Wiped Out by Coronavirus?
THE good news is that China appears to be getting the Covid-19 outbreak under control. More good news is that most people who are...
ClassNK Announces Its 2030 Digital Design To Promote Innovation
ClassNK develops its Digital Grand Design that shows the future vision of the Society for the digital society of 2030.
Advances in digital...
Beyond SOLAS! DNV GL Awards MSC New Fire Safety Notation
DNV GL and MSC promote better fire safety by design.
These changes to the vessel design go beyond the requirements of current regulations.
...
Coronavirus Making Charterers Switch To Bulk Freight As Rates Wreak Havoc!
Blank sailings have made it impossible for the containers to reach in time in the US
Shippers are at a shortage of container...
Ports Too Quick To Ban Open-loop Scrubbers! Study Says No Breach of Guidelines!
Study says open-loop scrubber discharge does not breach guidelines.
Increase in traceable pollutants from open-loop scrubbers in port water and sediments shown but...
Containership Broke Moorings
Container ship broke off moorings at Livorno.
Gale-force regional wind identified to be the reason for the accident.
The aft moorings broke up,...
Coronavirus Causes the Biggest OPEC Cuts Since 2008 Recession!
In a major development, last thursday OPEC pushed for a bigger-than-expected oil output cut to support prices that have been hit by the coronavirus...
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