Clarity is Still Lacking For Ship Owners After IMO Meeting

After an inconclusive meeting last week at the International Maritime Organization (IMO), ship owners still have to c [..]

Cost of Crew Change Skyrockets Due to Pandemic

As predicted, the ongoing COVID-19 pandemic is driving up the cost for crew changes. With airfare costs on the rise a [..]

Will 2021 Be Better for Shipping?

As major shipping companies prepare to release their Q3 results, there are very few alarm bells ringing that the indu [..]

The Bunker Market Is Under Pressure As Prices Creep Lower

High uncertainties regarding COVID-19 and the economic recovery continue to weigh on the fuel market and global bunke [..]

The Future of Cruising: Latest Look At When the Major Cruise Lines Plan to Restart Service

While some of the world’s largest cruise lines are already back in service following the COVID-19 pandemic, some ar [..]

OPEC Raises 2020 Oil Demand Forecast

Crude Oil Price Movements

After four consecutive months of gain, spot crude prices settled signi [..]

Port of Los Angeles Struggles with Surge of Unscheduled Ships

Despite the ongoing COVID-19 pandemic, incoming cargo to the Port of Los Angeles is surging as businesses and retaile [..]

Shipping Demand Recovering but COVID to Have Long-Term Effect

While it was originally expected that the shipping industry would be affected by COVID-19 for months, German containe [..]

China’s Demand Keeping the Dry Bulk Market Going

An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand arou [..]

Bunker Prices Still on the Decline

Slowing economic activity around the world, restricted mobility, fears of the second wave of COVID-19 and a potential [..]