In terms of fleet value, Japan has moved back up to 1st after falling to 2nd last year, currently owning a total of USD 196.6 bn in assets. This is an increase of c. USD 9 bn year on year and is largely due to the current boom in the LNG sector.
As the International Seafarers’ Welfare and Assistance Network (ISWAN) reports a high demand for its helpline services over the last year, it is clear that accessible welfare and support services for seafarers worldwide remain a priority for the maritime industry.
The development and introduction of MASS is happening. To ensure their safe and secure operation it is important that regulations are updated to keep pace with innovation..
Aiming to establish the main safety concerns currently facing the shipping industry, Inmarsat published “The Future of Maritime Safety Report 2022”, examining data from Global Maritime Distress and Safety System (GMDSS) calls made to Inmarsat.
The urgency of finding solutions to the climate change problem is growing as a top priority for both domestic and international policymakers. Around a quarter of the world’s greenhouse gas (GHG) emissions are linked to international trade, according to the most recent estimates.
Tidewater has become the largest operator of offshore vessels through the completion of the previously announced acquisition of Swire Pacific Offshore. The company confirmed that it completed the acquisition on April 22 saying that it will position Tidewater to capitalize on the recovery of the offshore vessel market.
The Global Risks Report 2022, published by the World Economic Forum in collaboration with Marsh McLennan, examines how global divergence across multiple domains in the post-COVID-19 recovery threatens to widen disparities and aggravate societal fractures.
Drewry analysis of carrier profits and freight rates reinforces the view that the elevated profits of ocean carriers are the result of higher freight rates – not higher business volumes, additional services or lower costs. For example, neither Maersk nor Hapag-Lloyd carried more containers in the latest quarter than in the same quarter of 2020.
This chart shows how China will soar past the U.S. to become the world’s largest economy by 2030
Meanwhile, the total GDP of the global economy is predicted to double between 2022 and 2035.
Nearly all world industries rely heavily on maritime shipping. Former Secretary-General of the United Nations Ban Ki‑moon once quipped, “Maritime transport is the backbone of global trade and the global economy.” Maritime shipping is also considered one of the safest and most environmentally-friendly modes of goods transportation.