A jump in freight rates has shaved profits for oil traders seeking to store crude for sale towards the end of the year, even as the contango in the first six months for Brent futures stretched to its widest ever, trade sources said.While a sharp…
Oil Economics: Freight Rate Surge Cuts into Trader’s Profits Read More »
The global maritime regulator suggests that seafarers, port personnel and others be considered ‘key workers’ who provide essential services
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Four of Carnival Corp’s cruise lines said on Monday they would extend the suspension of all voyages by a month to May due to the coronavirus crisis that has worsened over the past few weeks.The brands – Holland America Line, Carnival and luxury cruise …
Carnival Brands Pause Cruises for Another Month Read More »
Energy majors that not long ago had been looking to sub-let vessels in the market are now a source of…
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LNG market boosted by low gas prices and floating storage contracts Read More »
Five crew members of a Maersk owned and operated containership test positive for coronavirus.
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Crew Members of Maersk Boxship Test Positive for Covid-19 Read More »