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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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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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…

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 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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