18/03/2020 Demolition Market Stalling The demolition market has started to diminish during the past couple of weeks. In its latest weekly report, shipbroker | 18/03/2020 Coronavirus poses major challenges for seafarers on merchant ships from increasing restrictions imposed by port states The coronavirus (COVID-19) has already caused the loss of thousands of human lives and the imposition by authorities of |
18/03/2020 Team Tankers International and Maersk Tankers enter strategic partnership covering 27 vessels Team Tankers International’s strong position within chemical tankers and Maersk Tankers’ industry-leading commercial management have been brought together in a | 18/03/2020 Poor infrastructure, regional politics derail new port facilities Lack of political goodwill, budget gaps and poor infrastructure has come to haunt Kenya’s ambition of developing new port facilities |
18/03/2020 New Crane Record For US Port A US port now has more Neo-Panamax ship-to-shore (STS) cranes than any other single terminal in North America. Georgia Ports Authority’s | 18/03/2020 Libya’s oil production at 91,108 barrels per day as of March 15 Libya’s National Oil Corp (NOC) said the North African state’s current level of oil production is down to 91,108 barrels |
18/03/2020 Glencore charters world largest tanker to store crude at sea -sources Trading house Glencore has chartered the 3 million barrel crude carrier ‘Europe’ to store oil at sea for at | 18/03/2020 Chembulk Tankers To Join Womar Pools Chembulk Tankers is pleased to announce that it has signed commercial management agreements for its entire fleet of owned and |
18/03/2020 Team Tankers International Ltd.: Announces a Joint Venture with V.Group Team Tankers International Ltd. (“Team”) is pleased to announce a joint venture (“JV”) with ship management specialist V.Group, whereby Team | 18/03/2020 Crude-Tanker Stocks Plunge As Rates Hit Record Highs It is the best of times; it is the worst of times. Just as spot freight rates for supertankers have |
18/03/2020 Nordic American Tankers Ltd: Extraordinarily Strong Tanker Market We receive questions about the state of the tanker market, which is the strongest we have seen in decades. Increased exports | 18/03/2020 Saudi Arabia’s oil exports top 10 mln bpd from May -ministry Saudi Arabia, the world’s top oil exporter, plans to boost its crude oil exports to more than 10 million barrels |
18/03/2020 Hedge funds turn ultra-bearish as volume war compounds pandemic Hedge funds continued selling petroleum in anticipation of a sharp downturn in oil consumption, even before major governments announced tougher | 18/03/2020 IEA Executive Director and OPEC Secretary General discussed the current situation in global oil markets Leaders expressed deep concerns about the grave global health crisis caused by the coronavirus (COVID-19) and its related impacts on |