The decline in cargo can be attributed to reduced numbers of ship calls into the port, which had 14 blank…
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Tanker owners could be hit with lower demand for their vessels in a few weeks’ time. In its latest weekly report, shipbroker Intermodal said that “as everyone anticipated the results of the OPEC + G20 meeting last week, it was very interesting to watch…
Tankers Could Face Headwinds in May Read More »
We’re operating in uncharted waters. The current and potential effects of the COVID-19 outbreak are difficult to assess and predict, but the way companies plan for uncertainty and respond to events is often watched by the financial markets. As COVID-19…
COVID-19: Top 5 Financial reporting considerations for the Shipping Industry Read More »
The recent cut in oil production by OPEC and its non-OPEC allies (OPEC+) is insufficient to balance the oil market, considering a sharp decline of 23 mbpd in demand in 2Q20 because of the COVID-19 outbreak. OPEC+ has finally managed to reach a historic…
Tanker rates will hit the roof if producers outside OPEC+ fail to curb output in 2Q20 Read More »
Assessing the health of coral reefs in the Kingdom of TongaHealthy coral reefs provide critical ecosystem services for millions of people globally, but with climate change and anthropogenic stressors, the landscape of these habitats is regularly shifting.
Global Reef Expedition: Mission to Tonga Read More »