Covid 19 challenges

Three Container Terminal Acquired By ONE On The US West Coast

Credits: Alex Duffy/ Unsplash
  • TraPac is a container terminal operator and vessel stevedore that provides container terminal services in Los Angeles and Oakland. 
  • The recent disruptions to the supply chain due to Covid-19 have highlighted the importance container terminals play in keeping global trade flowing. 
  • The newly acquired container terminals will safeguard ONE’s access to terminal capacity in key and strategic gateways.

Ocean Network Express has signed definitive agreements to acquire a...

https://mfame.guru/three-container-terminal-acquired-by-one-on-the-us-west-coast/

Covid Pandemic’s Oil Demand Produces $5.7bn Loss for BP

BP has reported a loss of $5.69bn (£4.15bn) for last year after a collapse in global oil demand during the Covid-19 pandemic, compared with a profit of almost $10bn in 2019, says an article published in The Guardian.

Tumbled Prices

The company’s first full-year financial loss in a decade came after the industry was “hit hard” by the pandemic, which triggered a collapse in demand for transport fuels, and caused oil prices on the global market to tumble.

Long-term Expectations

BP was forced to write...

https://mfame.guru/covid-pandemics-oil-demand-produces-5-7bn-loss-for-bp/

WHO Team Lands in China To Probe COVID Origin

  • WHO team finally entered China after last week’s last-minute hiccup
  • China has blocked an independent probe into virus’ origins
  • The team has reached but it faces an uphill struggle
  • A wildlife poacher may have passed the virus
  • Theory that accidental leak caused pandemic won’t be assessed
  • ‘Won’t have clear answers after this mission’, said WHO officials 

A team of ten scientists from the World Health Organization (WHO) landed in Wuhan on Thursday to understand how coronavirus jumped from animals...

https://mfame.guru/who-team-lands-in-china-to-probe-covid-origin/

Leading Oil Trader Teams Up With Singapore Fund Manager for Energy Projects

As per the report article published in Marine Link, Trading house Mercuria and Singapore-based asset manager Envysion Wealth Management, have agreed to co-invest in mining and energy projects, for a commodity investment to balance the default tights made up by banks.

The deal

The deal, signed on Wednesday, will see Mercuria present potential projects for investment to Envysion, founded and led by former Julius Baer banker Veronica Shim. Envysion will then decide whether to participate via a fund...

https://mfame.guru/leading-oil-trader-teams-up-with-singapore-fund-manager-for-energy-projects/

Royal Caribbean Cruise Cut Short for This Reason

  • A Royal Caribbean cruise to nowhere was cut short on Wednesday (Dec 9) when it turned back ahead of schedule after a passenger tested positive for COVID-19.
  • Despite the disappointment at having their getaway cut short, some passengers told CNA that they do not regret going on the cruise.

A recent news article in CNA deals with the important aspects of how a Royal Caribbean cruise ship has been cut short due to the Covid 19 break out in the cruise.

Let us look what actually passengers feel about...

https://mfame.guru/royal-caribbean-cruise-cut-short-for-this-reason/

Antibodies Prevail in 91% of Recovered People, Says Covid 19 Research

  • A Covid 19 antibody study on the pandemic in Iceland published in the New England Journal of Medicine offers some evidence to dispel such fears.
  • The researchers have looked at serum samples from 30,576 individuals, using six different types of antibody testing.
  • The paper’s central findings are that, out of 1,797 tested people who’d recovered from Covid, 91.1% produced detectable levels of antibodies.
  • It is also too early so say whether these antibody findings will hold over a longer time...

https://mfame.guru/antibodies-prevail-in-91-of-recovered-people-says-covid-19-research/

European Union Announces Fresh Guidance for Safe Cruise Operations

EU issues new guidance policy to re-start the cruise ship operations with minimum measures along with general safety and security.

The guidance is for EU/EEA flagged ships operating in international voyages and for ships calling at an EU/EEA port irrespective of flag.

The rise in covid 19 cases is visible all across the world and operation of shipping industry comes to a stall due to this pandemic.  To ensure the facilitation of re-starting the operation, EU issues a new guidance in its official...

https://mfame.guru/european-union-announces-fresh-guidance-for-safe-cruise-operations/

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