The Federal Maritime Commission has appointed commissioner Louis Sola to head up an inquiry into getting the cruise industry back into operation amid the fallout from the Covid-19 pandemic. Cruise industry stakeholders will be engaged and expected to
More
LNG rates are again on the decline and they are not expected to reverse course anytime soon. Cargo cancellations mean ships are actually free but charterers are holding on tight to them. Meanwhile, imports to Europe continue to grow and land storage
More
Maritime and Port Authority of Singapore figures show about 96% of vessels that came to the port used compliant fuel. Two vessels caught flouting the regulation and were slapped with a PSC detention order and not allowed to leave until they switched
More
Container lines have been blanking large numbers of sailings to cater to reduced demand. But new figures show the worst of the cutbacks may now be passing
More
Dire warnings of depleting oil demand and land storage capacity may abound, but charter rates for very large crude carriers are not falling. Middle East Gulf–Asia voyages average almost $230,000 per day and now, Egypt’s national oil firm may pay more
More
Shipowners profit as chaos in oil market leaves traders with distressed and unsold cargoes
More
As the scale of the crude oversupply emerged this week traders seek tankers for floating storage of jet fuel, diesel and gasoline
More
Shipping is already emerging from the sudden shock phase of the coronavirus pandemic, and now has to restructure contractual and supply chain arrangements in readiness for a new post-coronavirus reality, according to Dutch law firm AKD
More