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Tanker shipping: worst not yet over as industry pays for the strong second quarter

This year, tanker shipping will not benefit from the usual strong winter seasonal effect. Though the new lockdowns being introduced in many countries are less strict than in the spring, the effect on tanker shipping will be worse, given the oil supply glut of Q2. The news of an effective vaccine offers some hope of a global oil demand recovery but, however it comes about, it will be slow and drawn out, and it will be at least 2022 before global oil demand returns to pre-pandemic levels. Demand drivers and freight rates The arrival of winter usually gives a seasonal…

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Image of USCG will start to accept ERBs

USCG will start to accept ERBs

Amendments in the Electronic Record Books (ERB) to MARPOL 73/78 allowing ships to record discharges, transfers, and other reportable operations needed under…

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Photo by Tyler Casey on Unsplash

Will carriers fold a winning hand?

Why container lines might not want a return to business as normal? Will carriers fold a winning hand? The heart-lifting scientific breakthrough for a potential COVID-19 vaccine is now diverting the world’s attention to the logistics of how will it all be moved when it becomes available. What will the wider media…

Photo by Tyler Casey on Unsplash

Will carriers fold a winning hand?

Why container lines might not want a return to business as normal? Will carriers fold a winning hand? The heart-lifting scientific breakthrough for a potential COVID-19 vaccine is now diverting the world’s…

Maritime Zones of Maldives photo of compass by shipdiary.com

Maritime Zones of Maldives Act, 1996 (Act No. 6/96).

Database of national labour, social security and related human rights legislation – Maritime Zones of Maldives Act Name: Maritime Zones of Maldives Act, 1996 (Act No. 6/96). Country: Maldives Subject(s): Seafarers Type…

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Tanker shipping: worst not yet over as industry pays for the strong second quarter

Photo by Mauro Shared Pictures on Unsplash

This year, tanker shipping will not benefit from the usual strong winter seasonal effect. Though the new lockdowns being introduced in many countries are less strict than in the spring, the effect on tanker shipping will be worse, given the oil supply glut of Q2. The news of an effective vaccine offers some hope of…

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Will carriers fold a winning hand?

Photo by Tyler Casey on Unsplash

Why container lines might not want a return to business as normal? Will carriers fold a winning hand? The heart-lifting scientific breakthrough for a potential COVID-19 vaccine is now diverting the world’s attention to the logistics of how will it all be moved when it becomes available. What will the wider media and general population…

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Maritime Zones of Maldives Act, 1996 (Act No. 6/96).

Maritime Zones of Maldives photo of compass by shipdiary.com

Database of national labour, social security and related human rights legislation – Maritime Zones of Maldives Act Name: Maritime Zones of Maldives Act, 1996 (Act No. 6/96). Country: Maldives Subject(s): Seafarers Type of legislation: Law, Act Adopted on: 1996 Entry into force: ISN: MDV-1996-L-85776 Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=85776&p_lang=en Bibliography: Unofficial English translation  Blue Peace Environmental NGO, Maldives PDF  (DOC.NORMES) (consulted on…

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Amazing and Creative Inventions: for Ship Safety

https://www.canva.com/join/mzl-lyv-tsl

I believe in rule Safety First and that seafarers are key workers. If you are the kind of person who wants to have an impact on safety and care about people and their wellbeing then now you have a chance to commit. I am very passionate about safety and thanks to my experience onboard I…

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Data acquisition of the battery module fire tests.

Building battery confidence

Building battery confidence: Project unites stakeholders around battery fire facts. This project invited players from the entire value chain to…

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Panama Celebrates 117 Years as a Republic and 199 Years of Independence

Panama Celebrates 117 Years as a Republic and 199 Years of Independence

On the commemoration of the National Day of the Republic of Panama celebrating 117 years as a Republic and 199 years of Independence from Spain, some festivities have been scheduled throughout the month of November. The Government of the Republic of Panama through its Ministry of Foreign Affairs and the Embassy of Panama in the…

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LNG is not dead; long live LNG

Photo by Andrey Sharpilo on Unsplash

This year, the IMO released the results of a much-anticipated report on greenhouse gas (GHG) emissions that prove LNG is not dead. The terminology is significant. Up to this point, CO2 was GHG recognized by the body. But LNG (liquefied natural gas)-powered ships suffer a ‘methane slip’—small leaks of unburned methane gas. Late last year,…

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India’s Crude Oil Imports Negatively Impacted By Covid-19

India’s Crude Oil Imports Negatively Impacted By Covid-19

Demand for oil cargoes headed to India has taken a turn for the worse, as the country with the second largest population is grappling with the effects of the coronavirus. In its latest weekly report, shipbroker Banchero Costa said that “India is now the second most affected country in the world by the Covid-19 pandemic,…

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Shipping Demand To Suffer After Wave of New Lockdowns

Shipping Demand To Suffer After Wave of New Lockdowns

Freight rates are about to face renewed downward pressure, on the back of a new wave of lockdowns around the world, with Europe being the most obvious example. Shipbrokers anticipate a new blow on demand for shipping, which will inevitably translate to lower freight rates moving forward. In its latest weekly report, shipbroker Allied Shipbroking…

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Is Europe getting behind LNG as a marine fuel?

Lng marine fuel in europe

Is Europe getting behind LNG as a marine fuel? We’re in the midst of an age of decarbonisation. Societies across the globe are throwing their weight behind green policies, seeking to capitalise on the brief pause that COVID has provided. Countries, global institutions, and corporations, under increasing pressure to decarbonise, are seeking to commit to…

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India Bound to Make Waves In the Tanker Market

India Bound to Make Waves In the Tanker Market

India is gearing up to become a major player in seaborne oil demand, offering a valuable boost in the tanker market. In its latest weekly report, shipbroker Gibson said that “like most nations, Indian oil demand has come under considerable pressure in 2020 as covid-19 derailed the country’s continual demand growth. Nevertheless, the longer-term prospects…

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