Important container tradelane continues to struggle under coronavirus
Whereas activity and freight volumes have returned on Asia-Europe and the Pacific tradelanes, Alphaliner reports that activity continues to be at a standstill on the route from Europe to the US, which is still struggling to contain the coronavirus outbreak.
A combination of new Turkish regulation and Western sanctions on Russian crude has led to congestion of oil tankers in Türkiye’s waters. Diplomats are working to prevent unnecessary control of tankers to and from the Black Sea.
Belgian shipping family Saverys acquires additional shares in Euronav and now only needs a small increase of its equity position to block a full merger between the tanker operator and rivaling company Frontline.