BIMCO has released an overview of the three main shipping sectors and their respective fleet growths so far this year taking into account the impact of the COVID-19 and other geopolitical developments on the global trade.
SOLAS Marine Services Group is a diversified group of companies that commenced its operations in the year 1988. It was first established in Sharjah, United Arab Emirates to meet the growing demands of professional services in the field of Life Saving Appliances (LSA) and Fire Fighting Appliances (FFA) along with Safety Equipment in Marine Industry.
Cancellation of Posidonia 2020, originally planned for June 2020 and subsequently postponed to October 2020.
It is with a great deal of regret that we are announcing the cancellation of Posidonia 2020, originally planned for June 2020 and subsequently postponed to October 2020.
Message from our new President, Mr. Marcus Tan
The ratings agency Moody’s has downgraded its forecast for the deep-sea shipping industry this year, and it now expects that earnings will contract by as much as 18 percent compared with 2019.
Onursan is adding the new vision of marine fire and safety service to the marine industry market by its reliable name and innovative approach to its customer needs.Not only they like to achieve more success on getting our company to a higher leauge of competion but also they would like the others to follow the path that they have created. We take pride in what they have achieved with their the most experienced team..
After an already sluggish 2019, a major upturn was expected in global growth and trade in 2020. As can be seen, the real trade value never recovered to the pre-financial crises’ trajectory. The trend for 2010 – onwards was significantly below the prior trajectory. Our prior forecast predicted it to be above the CAGR 2010-19 and global trade to reach 25.2 trillion USD in 2029. COVID-19 pandemic, the biggest black swan in a century, destroyed it. Global trade collapsed in Q1 of 2020 though asymmetrically
We are very please to welcome Consult-Elec from Canada as a new member of our Association.
Consult-Elect was established in 2000 by former technicians from Merlin Gerin which is now part of Schneider Electric. After 20 years Consult Elect has developed a strong reputation in electrical distribution services, on board vessels in Canada and abroad.
Top 10 Ship Owning Nations: Japan remains the top ship owning nation by fleet value at just over USD 108 Bn, despite seeing USD 9 Bn wiped off from its 2019 total value, followed by Greece, China, Singapore, Norway, South Korea, USA, Germany, UK and Denmark.
New date: SMM will take place from 2 – 5 February 2021
Due to the coronavirus pandemic and its global restrictions on major events and international travel, SMM has been postponed to 2 – 5 February 2021.