This year is unlikely to see any supply crunch in the very low sulfur fuel oil market because of the unexpected demand destruction caused by the coronavirus pandemic, according to analysts from tanker market intelligence company Alphatanker

Britain has suspended checks on ships for compliance with low sulphur fuel regulations as part of wider measures that cut back on inspections to reduce the impact of the coronavirus outbreak on supply chains, the coastguard authority said o

Owners decision Once a vessel owner has decided to lay up a vessel, several important decisions must be made. The most important decision is the duration of the lay-up, which will be critical for the type of lay-up selected. If the owner ex

The Paris Memorandum of Understanding on Port State Control (Paris MoU) acknowledges the crisis which the international shipping industry is facing. The Paris MoU is working to help Member Authorities protect the health and safety of our Po

The International Chamber of Shipping today stepped up its campaign to keep global supply chains open by issuing an open letter to G20 Governments due to meet today. The letter, which has been signed off by the heads of ICS and the Internat

Oil Companies International Marine Forum (OCIMF) has issued an update to its COVID-19 bulletin, which gives further guidance on Ship Inspection Report Programme (SIRE)/Offshore Vessel Inspection Database (OVID) inspections. In the update, O

From the desk of the Panama Maritime Authority Administrator, Noriel Arauz. Dear shipowners, customers and all seafarers. As the Panama Maritime Administrator supervising the Panama Ship Registry, I want to reassure our loyal customers who

IMO Secretary-General stresses vital need to maintain commerce by sea and protect seafarers welfare in face of coronavirus shut down. IMO Secretary-General Kitack Lim has issued the following statement addressing the effect of the coronavir

The number of people in the community who have tested positive for COVID-19 after disembarking a cruise ship in Sydney last week has risen to at least 49. The Ruby Princess ship was carrying 1,100 crew and close to 2,700 passengers. Passeng

The earnings of shipping companies globally will decline in 2020 amid sharply reduced demand for shipping services in the wake of the coronavirus outbreak, Moodys Investors Service said in a report. This is because of the expected impact of

Cosco Shipping has launched its first service between North America and Latin America, even as containerized trade growth between the United States and South America last year fell to its lowest point in three years. The BZX route, which st

The Liberian Registry has announced its latest proactive and industry leading measures with regards to implementing temporary vessel registration and mortgage recording procedures; and in doing its utmost to stay ahead of the disruptions br

Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) made up the largest component at 71.5%, with Marine Gas Oil (MGO) accounting for 12.5%. Total

The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the full consequences. Nevertheless, we see a need to update our 2020 forecast to make some of this

Mediterranean Shipping Co. said it is puzzled by the presence of high-sulfur fuel oil (HSFO) on board the MSC Joanna during port calls at Jebel Ali last week, a violation of new International Maritime Organization (IMO) rules that has left