U.S. President Donald Trump on Friday said that major cruise lines would suspend cruises for 30 days, following a series of industry announcements that came after repeated transmission of coronavirus among passengers at sea.“At my request, effective mi…
Trump Says Cruise Lines Suspend Departures for 30 days Read More »
Dirty tanker spot freight rates were buffeted by unexpected developments in February, undermining the optimistic outlook that began the year, OPEC said in its latest monthly report. Disruptions caused by measures to stem the accelerating outbreak of th…
Unexpected Conditions Undermined The Tanker Market’s Recovery During February Read More »
With no end in sight to the Covid-19-related disruption to world trade, the UN Conference on Trade and Development (UNCTAD) has published a sobering preliminary economic downside scenario. It expects a $2 trillion shortfall in global income with a $220…
The sting in Covid-19’s tail Read More »
• The maritime shipping industry must make some big changes if it is to meet its target of a 50% reduction in emissions by 2050. • Zero-emission ships are one avenue – but they require huge investment. • By increasing efficiency in the sector wit…
How to decarbonize shipping without spending billions Read More »
Italian shipbuilder Fincantieri announced it has suspended production activities at its in-country sites from March 16 to March 29 due to the coronavirus pandemic.Fincantieri’s full statement is below: Following the Coronavirus emergency and…
Shipbuilder Fincantieri Suspends Operations for Two Weeks Read More »