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  • As several countries are struggling to buy cheaper oil amid a drastic plunge in demand due to the coronavirus fuelled lockdowns, Pakistan’s attempts to take advantage of the slump in oil prices have failed due to lack of strategic storages in the country.

  • South Korean shipping line HMM said its new HMM Algeciras departed the Port of Yantian on May 8 bound for Rotterdam with 19,621 TEUs loaded on board.

  • 5G technology is developing within the shipping industry with many ports installing 5G networks for improved operations. In May's Phish and Ships issue, Be Cyber Aware At Sea discusses the challenges of cyber risk arising and the importance of 5G as one of the biggest technological advance.

  • Last year, at Hong Kong Maritime Week, Portcast won the inaugural Captain’s Table, an initiative launched by the Young Professionals in Shipping Network. This award provides a platform for young innovators and entrepreneurs to connect with the industry and showcase their ideas, resulting in a cash prize and business mentorship from LR.

  • The 49646 deadweight tonne (dwt) MR tanker received the first delivery of Bio Fuel Oil during its recent call at the Port of Rotterdam. The fuel, which GoodFuels launched in 2018, reduces greenhouse gas emissions by 83% and substantially reduces SOX emissions.

  • The Iranian Navy’s Public Relations Department has confirmed that 19 servicemen were martyred and 15 others were injured during a naval exercise in the country’s southern waters.

  • China’s index of export container transport dipped in the past week, according to the Shanghai Shipping Exchange.

  • As countries around the world start to slowly lessen lock down measures, the challenges in shipping remain. Conducting dry dock services of one’s vessels, carrying out vessels’ mandatory compliance audits & vettings, and inspecting vessels prior to purchase, are some of the services that are crucial to operating successfully, but that are challenging for ship owners & managers to execute during these times of Covid-19 restrictions. Superintendents and service engineers are hesitant, afraid to travel and expose themselves to the virus; often times refusing to attend their company’s vessels that require immediate attention.

  • Zhonghua Shipbuilding delivered the world’s largest 18,600 cubic meter LNG bunkering vessel, to be named Gas Agility.

  • Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major U.S. refiner Valero Energy Corp. But this week Gorder didn’t even need his business insight to know that fuel consumption was starting to recover in America.