Americas

The Panama Canal is set to operate with a reduced workforce for at least 14 days, and there has been a surge in booking cancellations primarily from the cruise sector.

Wallenius Wilhelmsen has started temporary layoffs for about 2,500 production workers in the US and Mexico due to the impact of the coronavirus (COVID-19) outbreak.

Heavily ‘front-loaded’ deliveries of dry bulk newbuilds will have a chance for rebalancing to avert an oversupply market in light of the escalating outbreak of the coronavirus (COVID-19), according to Maritime Strategies International (MSI).

The Port Authority of New York and New Jersey (PANYNJ) is seeking a $1.9bn government bailout as traffic plummets amid the coronavirus (COVID-19) outbreak.

Chembulk Tankers has confirmed a move to transfer its entire fleet of owned and chartered stainless-steel chemical tankers into commercial pools to be managed by Womar Logistics.

With the dual black swan events of the coronavirus (COVID-19) and the surge in oil supply Frontline ceo Robert Macleod believes that skyrocketing rates of $250,000 per day rates for VLCCs are real this time.

Navigator Holdings has collaborated with Pacific Gas (Singapore) and Greater Bay Gas Co (HK) to form a new Luna Pool consisting of a fleet of 14 handysize vessels.