European bunker hubs continue to have readily available supplies of low sulphur fuels. High sulphur fuels can also be procured at short notice in many of the larger ports, while the Canary Islands and South Africa have tighter availability. There are f…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
Chinese state-run shipping giant COSCO Shipping Development Co said on Tuesday that it holds a 3.74% stake in Bank of Kunlun, which has acted as a key official channel for money flows between China and Iran.The statement was made by the shipping…
Chinese State Shipping Giant COSCO Holds Stake in Bank of Kunlun Read More »
Turkey’s Sanmar Shipyards said it has won contracts worth $33.46 million to supply four new tugs and two new pilot boats for the Port Qasim Authority (PQA) in Pakistan. The tugs are scheduled to be delivered in 12 months and the pilot boats…
Pakistan’s Port Qasim Orders Four Tugs and Two Pilot Boats Read More »
Divers inspected the hull of the Ever Given on Wednesday as the man tasked with investigating how the giant container ship ran aground, choking off international trade through the Suez Canal for almost a week, boarded the vessel.Lead investigator Capta…
Investigator Boards Ever Given in Suez Canal Blockage Probe Read More »
The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 billion) pretax loss in 2020 due to the COVID-19…
Lloyd’s of London Sees ‘Large Loss’ Due to Suez Canal Blockage Read More »