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
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.
This guidance provides information for shipowners and operators on managing ship and seafarer certificates during the Coronavirus (COVID-19) pandemic. It covers ship and seafarer certificates required by the certification provisions of international regulations, such as those of International Maritime Organization (IMO) and International Labour Organization (ILO) instruments, and highlights the current unique compliance issues and considerations relating to ship and seafarer certificates.
Coronavirus (COVID-19) – Preliminary list of recommendations for Governments and relevant national authorities
Coronavirus (COVID-19) – Preliminary list of recommendations for Governments and relevant national authorities on the facilitation of maritime trade during the COVID-19 pandemic.
COVID-19: The World Health Organization (WHO) has come up with several strategies to help everyone cope with what is an undeniably challenging time.
The stress and anxiety surrounding hashtag#COVIDー19 has taken its toll across the globe. The World Health Organization (WHO) has come up with several strategies to help everyone cope with what is an undeniably challenging time.
In view of the escalating challenges we all face as a result of the Coronavirus-COVID-19 pandemic and the need to safeguard the health and wellbeing of our exhibitors and visitors while at the same time complying with WHO and Greek Government guidelines, we have decided to postpone Posidonia 2020 from the 1st to 5th June 2020 to the 26th to 30th October 2020 at the Athens Metropolitan Expo, together with all related Posidonia sports events and conferences.
Maritime safety has been boosted following the recognition of Iridium’s satellite service as a provider for the international Global Maritime Distress and Safety System (GMDSS) – giving ship operators more options when protecting vessels and crew, says IEC Telecom.
The global economy started in 2018 on a positive note but, as industrial production decelerated, trade slowed and business confidence fell, the momentum lost steam.
Global growth, which peaked at close to 4% in 2017, moderated to 3.6% in 2018 and is projected to decline further to 3.3% in 2019. With improvements expected in the second half of 2019, global economic growth in 2020 is projected to return to 3.6%.
A lot of the uncertainties have concerned the availability, cost and the characteristics of compliant fuels. Non-compliance usual methods include vessel detention with the threat of banning orders for repeat offenders and financial penalties.
IMO has also included guidance on the action to be taken in the event of a scrubber failure.
The delivery of fewer newbuildings has led to an aging yet still expanding Greek fleet capacity wise though the number of shipping companies is in steady decline according to a new study of the Greek shipping.