BIMCO, ICS and Videotel partner up for online education

BIMCO, Institute of Chartered Shipbrokers (ICS) and Videotel have partnered to create an accessible educational resource to help maritime students across the globe to continue their studies remotely during the coronavirus pandemic. The ICS Online Academy is free for all registered users until the end of July 2020 and will enable students to

Qatar Airways Lifts Cargo Capacity

Qatar Airways has introduced an air bridge between Vietnam and France as well as introducing additional freight-only passenger aircraft and freighter flights to and from Scandinavia as part of the global fight against the Covid-19 pandemic. 11 Boeing 777 freighters will operate from Hanoi in the month of May and four

Plight of seafarers a “ticking timebomb”

The world’s seafarers are trending in the media at the moment, with the UK's Guardian and BBC News covering the fact that some are stretched to their limits working beyond their contracts, exhausted, under stress, and invisible to the governments that rely on the goods they carry. Many seafarers are currently

Recent Impact on S&P Shipbroking

We hear from a seasoned Ship Sale & Purchase broker on the impact Covid-19 is having in relation to buying and selling ships. "As ship sale & purchase brokers based in Rotterdam, we are facing the headwinds of dwindling global activities related to the sale of ships, and the reluctance

Oil Prices at an all-time Low

US crude oil fell to zero for the first time in history as stockpiles overwhelmed storage facilities, before rebounding to just over $1 on Tuesday 21 April. On Monday, the price of US crude oil crashed from $18 a barrel to -$38 in a matter of hours, as rising

COVID-19 Drives Air Freight Demand for Project Cargo, say deugro

Global logistics is experiencing a growing deficit in freight capacity across all modes of transportation. Air freight, in particular, is in high demand within the project logistics sector. deugro say they are satisfying this demand with an increasing number of air charters for critical equipment. The coronavirus pandemic is affecting schedules,

Wallenius Wilhelmsen safeguarding liquidity due to Covid-19 crisis

Wallenius Wilhelmsen are taking precautionary steps to adjust their operations and safeguard their liquidity as the shipping company prepares “for a challenging time ahead” as a result of the Covid-19 crisis. With regard to their fleet, Wallenius Wilhelmsen said that the current situation indicates an overcapacity of 10-15 vessels. They are