COVID-19: IMO Committee moves to support shipping, seafarers
An important reference set of protocols to ensure safe ship crew changes and travel during the Coronavirus (COVID-19) pandemic has been recognised by the International Maritime Organisation’s IMO technical body,…
OPEC revised oil demand downwards
Crude Oil Price Movements The OPEC Reference Basket (ORB) fell by $, or cent, month-on-month (m-o-m), to average $ in October. Year-to-date (y-t-d), the ORB averaged $, or $ lower…
Five Turkish fishermen killed in collision with Greek tanker
Five Turkish fishermen were killed when their small boat collided with a Greek Suezmax tanker early Wednesday about 15 nautical miles off the eastern coast of Turkey's Adana province. The…
Huge congestion hits seaports in US, Asia, Australia
Qingdao, Lianyungang, Ningbo, and Shanghai are some of the biggest ports when it comes to the Asian and Chinese markets at large. These ports are now reporting a dearth of…
OPEC would miss ‘friend Trump’, wary of strains under Biden, sources say
Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as President, sources close to the organisation said, and would miss President Donald…
Days before election, economic data reveals gradual improvement, gloomy outlook
With the presidential election drawing near, a litany of data released this week shows the economy continues to climb out of the recession caused by the coronavirus pandemic, but progress…
Sea shipping rates to US soar as China’s foreign trade revives
Container rates from China to the US have soared in recent weeks, driven by the US’ high demand to restock amid the COVID-19 pandemic, the upcoming holiday season and China’s…
Stranded seafarers rescued by South African research vessel
Some of the rescued seafarers aboard the South African research ship - courtesy of SAMSA South African authorities are reporting the successful rescue of 62 seafarers that had been…
Euro zone economy risks double-dip recession- PMIs
Euro zone economic activity slipped back into decline this month as a second wave of the coronavirus sweeps across the continent, heightening expectations for a double-dip recession, surveys showed on…
Japan seems world’s first to attain zero emission
The World Maritime Organisation IMO has adopted a two-tier strategy aimed for a drastic reduction of greenhouse gas (GHG) emissions from international shipping. The initial target obliges ships to cut…
