As we are aware that world economy is suffering a lot because of the outbreak of the corona virus, shipping sector is also impacted by it a lot. Oil prices have down drastically affecting the tanker market and container shipments have also reduced leading to blank sailings. The ship building industry too has been affected […]
Bulk Carrier Stellar Banner-was scuttled after the structural damages were found to be beyond any commercial sense. Stellar Banner Grounded off the Brazil Coast in the month of February during its journey from South America to China. Three Months later, it was refloated in the month of June. For refloating a large amount of iron […]
Shipping is the drive-engine of any economy. “If shipping stops 90% of the world will be frozen and rest would starve to death.” One can only try and understand the gigantic efforts that the seafarers put to facilitate world trade. The COVID 19 pandemic brings unprecedented effects. As the economies suffer, shipping too is now […]
