Importers Face Unprecedented Container Congestion Due To Lockdowns
Global container supply chains are facing a congestion crisis.
Boxes pile up at ports, and container freight stations expand and spread.
Social lockdowns...
Thirst for Oil Vanishes, Leaving Industry in Chaos!
2020 has unleashed a world-wide oil-production cut led by the U.S., Saudi Arabia, and Russia.
Due to lockdown crude-oil demand has collapsed as...
COVID-19 Ten Times Deadlier Than Swine Flu! Confirms WHO
WHO has confirmed that coronavirus is ten times deadlier than the swine flu.
Coronavirus outstripped the fatalities caused by the H1N1 strain tenfold.
...
Can Containerships Be Converted To Floating COVID-19 Hospitals?
Container ships to be converted into giant hospitals.
These hospitals could sail to cities most impacted by a coronavirus.
It is under a...
Global Shipping Company Announces Time Charter for Capesize Vessel
Diana Shipping Inc., has entered into a time charter contract with Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany.
The charter is for...
Vessels With Open Loop Scrubbers May Face Penalties!
In its latest warning to members, Standard Club has issued ban of open loop scrubbers in Turkish waters.
There are concerns that the...
Global Newbuild Orders Take a Hit!
Based on BIMCO data, newbuild orders in the first quarter of the year slumped 55% year-on-year.
Only 6.6m dwt ordered across the three...
Singapore Readies ‘Floating Accommodations’ for Workers To Tackle COVID-19
MPA Singapore and partners launch floating accommodations to tackle COVID-19. Specifically, the joint initiative will be used to house healthy foreign workers.
The...
Maersk Sails Through COVID19 by Offering Digital Platform Services!
In a major development, Maersk, the global logistics company, urged their customers to make full use of their online platforms to stay safe and...
COVID19 Online Business Model To Make ‘Business As Usual’ in Shipping!
CMA CGM launches a unique system to keep the shipping business going
Known as the business continuity pack, it helps shippers, clients and...
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