Maritime World

Vessels sales and purchase picks up after freight market improves

market

  Various shipbrokers observed increased interests in newbuildings and secondhand ships’ market Findings from Allied Shipbroking revealed newbuildings enjoyed improvements as 4 kamsarmaxes and 1 handysize were added in the global dry bulk orderbook. Total recorded order from January to April 2021 peaked at 52, in comparison to 36 for …

Read More »

Shipowners’ options narrowed as only vaccinated seafarers are accepted

vaccinated

Lack of vaccines causes Indian seafarers to lose out on jobs  India’s COVID-19 infections to date have passed the 20 million mark. Fuelling the fire is the intense lack of raw materials for vaccine production – stemming from US’ embargo. Translating to a serious lack of inoculated seafarers, shipowners take …

Read More »

India’s latest COVID-19 surge casts further doubts on oil prices

Plummeting demand for diesel, gasoline, jet fuel and LPG questions previous forecasts To date, India’s COVID-19 infections numbers are inching closer to 20 million with many pessimistic about the country’s economic recovery. Much to sources’ surprise, India’s diesel, gasoline, jet fuel and LPG demand all declined in April from a …

Read More »

Suez Canal Authority (SCA) permits Ever Given crew’s timely sign-off

Ever

Three more crew members released from Ever Given after contracts expired Ever Given’s ship manager Bernhard Schulte Shipmanagement (BSM) confirmed the release of three more crew members from the vessel, with SCA’s consensus. In its latest update, the company stressed all remaining crew are “safe, in good health and spirits”. …

Read More »