Ship backlogs from Suez chaos could take months to clear, say container lines
The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months to clear, top container shipping…
Stranded at sea, coronavirus takes toll on sailors’ mental health
When Ritesh Mehra, 43, enlisted for a four-month stint as captain on a liquid gas tanker last July, he never expected to be stranded at sea until spring. “Twice it…
Australia Seizes $70m cocaine smuggled aboard MSC boxship
MSC boxship MV Joanna Australian authorities reported the seizure of 200 kilograms of cocaine with an estimated street value of more than US$70 million that was being smuggled into the…
How the oil market bounced back from a year of crisis
Oil prices have staged a rapid recovery since the biggest crisis to strike the energy industry in decades. The Organisation of the Petroleum Exporting Countries OPEC and its allies stepped…
GreenVoyage2050: States accelerate action to decarbonise shipping
No fewer than 11 states across the globe are partnering in the International Maritime Organisation IMO-Norway GreenVoyage2050 Project, which is supporting the path to decarbonisation in the shipping sector, in…
As WTO’s first female, first African DG starts work
On her first day on the job, World Trade Organisation WTO chief Ngozi Okonjo-Iweala held talks with delegates from its 164 member states and said there are a lot of…
Food poisoning kills two seafarers on board ships
Three ships operating in different parts of the world are all reporting cases of food poisoning among their crew. At least two crew members have died while others have been…
OPEC: Oil demand growth revised slightly downwards
Crude oil price movements Crude oil spot prices rose firmly in January, along with a steady rise in futures markets. Major physical crude benchmarks increased about 10per cent month-on-month (m-o-m)…
German businesses groan under March 7 lockdown extension
German flag The German business community expressed consternation on Thursday after Chancellor Angela Merkel and regional leaders agreed to extend the coronavirus lockdown until March 7. Under the agreement reached…
Seafarer commits suicide after 13 months onboard
A seafarer, who had been on board for more than 13 months recently committed suicide, as per reports from Human Rights at Sea HRAS. The incident took place on January…
