Freight Rates Go Haywire Due To Economic Instability
LR1, MR rates fall as refineries cut output
LR2 commands w26-point premium to LR1
LR1 rates at their lowest level so far for...
Weekly Tanker Report – Week 24, 2020
The Baltic Briefing has issued the tanker report for the 24th week of this year. The report dated 12th June 2020 provides a valuable...
Carriers ‘Unblank’ Sailings Due To Spike in Container Spot Rates
A massive spike in transpacific container spot rates was noticed.
This encouraged ocean carriers servicing the route to ‘unblank’ more sailings to meet...
Fire Breaks Out Onboard Cargo Ship, Thousands of Cars Liquefy!
A major fire broke out on the Höegh Xiamen, an automotive cargo ship.
The ship housed thousands of used cars loaded at the...
Another Asian Country Reports COVID19 Resurgence With 47 New Cases!
Tokyo metropolitan government confirmed 47 new cases of COVID-19 infections.
This report comes only a few days after Tokyo Governor allowed businesses to...
Greater LNG Use Can Worsen Shipping’s Climate Impact!
LNG as a clean alternative on the sea needs to be addressed.
LNG not seen helping shipping industry meet 2050 climate goals.
LNG...
Oldendorff Acquires Capesize Bulker Trio from Tata Power!
Oldendorff signs a comprehensive package deal with Singapore-based Trust Energy Resources.
The deal is for the acquisition of the following Capesize bulk carriers...
More Than 40000 Seafarers Still Stranded Due To COVID19!
More than 40,000 cruise ship workers are still stuck at sea because of concerns about the coronavirus.
The U.S. Centers for Disease Control...
First LNG Newbuild of the Year Delivered!
Flex LNG is to take delivery of its first newbuild vessel for this year.
Hyundai Heavy is building the LNG carrier which will...
Container Shipping To Lose $800 Million As It Passes the First Pandemic Test!
Container lines seem to have passed the litmus test, writes Mark Szakonyi in an article published in Caixin Global
What is it?
The container industry have...
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