Regions

The dramatic drop calls to ports in the Indian sub-continent has led to a sharp rise container freight rates in the first half of March reflecting the effects of large-scale vessel capacity reductions and equipment shortages.

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.

Ship calls have dropped dramatically at Indian ports as container lines with reduced services due to the coronavirus COVID-19 skip calls forcing shippers to tranship cargoes.

In view of the escalating challenges as a result of the Coronavirus-COVID-19 pandemic Posidonia 2020, Greece’s international shipping exhibition has been re-scheduled from the first week of June to the end of October 2020.

Maersk Tankers has entered into a deal to commercially manage 27 tankers from Team Tankers International under two new pools, allowing the latter to gain access to Maersk Tankers’ digital approach to commercial management.

Anders Onarheim is set to continue as ceo of BW LPG beyond his current interim appointment to the role.

China’s Ministry of Transport and Ministry of Finance has issued notice of a reduction in port construction fees and payments to the ships oil pollution damage compensation fund for a period of six months.

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.

China’s state-owned oil firm Sinopec has confirmed that its Guangzhou refinery has started producing very low sulphur fuel oil (VLSFO) for the shipping market.

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.