The uptake of scrubbers by large crude tankers is the highest so far amongst the main vessel segments, though a further rise in the uptake is unlikely to happen, according to shipbroker Gibson.
A gloomy outlook is forecast for the tanker shipping market at least until the second half of 2021 when oil demand is expected to increase, according to analyst Poten & Partners.
UAE’s Abu Dhabi Ports (ADP) has put freeze on rent increases in 2021 for all businesses in its Industrial Cities and Free Zone cluster as part of relief measures during the coronavirus (Covid-19) pandemic.
Spot market activity in tanker shipping was down 16% year-on-year in 2020 due to the impact of the coronavirus (Covid-19) pandemic, according to analyst Poten & Partners.
The Mindanao Container Terminal (MCT) in the Philippines has welcomed the start of a new Regional Container Lines’ (RCL) service connecting the Philippines’ Visayas and Mindanao regions to Asia and the Middle East via Singapore.
South Korea has called on Iran to release a South Korean oil tanker seized in the Strait of Hormuz by Navy of the Islamic Revolutionary Guard Corps, it was reported.
Singapore has announced the prohibition of crew change for crew with recent travel history to the UK and South Africa, amidst the coronavirus (Covid-19) pandemic.
Mitsui OSK Lines (MOL) chief Junichiro Ikeda said in his New Year message the company must pledge to never allow another accident like the Wakashio.