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The International Chamber of Shipping (ICS) has published the latest Flag State Performance Table for 2020-2021 which finds that many of the largest flag states – including the Marshall Islands, Hong Kong (China), Singapore as well as the Bahamas and Cyprus– continue to perform to an exceptionally high standard, with traditional flags and open registers performing equally well.
Five South Korean container shipping companies are establishing the Korean Maritime Movement Alliance (K-Alliance) in an effort to strengthen competitiveness in Southeast Asia and achieve cost synergies.
Nor-Shipping, Your Arena for Ocean Solutions, has taken the decision to postpone its planned exhibition and activity programme for June 2021, pushing the event back to 10-13 January 2022.
Typically, a shipowner must fund the entire capital cost of vessel repairs from its own cash resources, although it may in exceptional cases be able to source a short-term loan from a bank or other financial institution to ensure repairs are carried out.
2021 ushers in a new cyber era for the shipping industry with the introduction of the requirement to address cyber risks in a vessel’s safety management system. This is just one of the many regulations that enter into force this year.
2020 has been the year that all the maritime industry anticipated with mixed feelings due to the implementation of sulphur cap. Although all lights were shed on COVID-19 , once again the regulatory agenda was busy within 2020 in order the maritime industry to stay on the pulse and remain sustainable.