Saudi Arabia’s decision to flood the market with crude oil at a time when demand is in doldrums amid coronavirus pandemic is about to create a massive supply-demand imbalance, says BIMCO’s Chief Shipping Analyst, Peter Sand.
A UK-based charity the ITF Seafarers’ Trust (ITFST) is launching a USD 1.23 million (GBP 1 million) emergency fund to address the impact of the global pandemic on seafarers and their families.
Svitzer, global towage operator and part of Maersk, has secured a five-year extension of its marine service contract with NuStar, one of the largest liquid terminals and pipeline operators in North America.
Belgian tanker shipping company Euronav had prepared well in advance for the implementation of the IMO sulphur cap having bought significant amounts of compliant fuels as it worked to hedge from fuel price volatility come January 1, 2020.
The coronavirus was found on a variety of surfaces in cabins of infected passengers on board the Diamond Princess cruise ship up to 17 days after cabins were vacated and before being disinfected, a report from the U.S. Centers for Disease Control and Prevention shows.
Oslo-based Wallenius Wilhelmsen is taking decisive action to ready for the choppy waters ahead stemming from the impact of the COVID-19 on the global economy.
German container shipping giant Hapag-Lloyd has on-hired over 100,000 TEU of additional equipment across the globe to keep the supply chain flowing amid the ongoing coronavirus crisis.
A Norwegian cargo vessel ran aground off the Isle of Skye, Scotland, on March 23.
Cargo ships transiting the waters off the coast of West Africa have reported at least three suspicious approaches over the past two days.
Oslo-listed RORO owner and operator Wallenius Wilhelmsen has launched temporary layoffs in the USA and Mexico in line with automaker plant closures resulting from measures imposed by governments and industry bodies to stop the spreading of the coronavirus.