Cyber Security Requirements for IMO 2021
The enduring feature of cyber threats is their ability to adapt and evolve, with new lines of attack developed as barriers are put in place, and strategies to expose vulnerabilities constantly emerging.
Norway is the world’s fourth largest shipping nation
An increasing number of Norwegian shipowners chose to fly the domestic flag. Norway is currently the world’s fourth largest shipping nation measured by value. This is shown by recent figures from the Norwegian Ship Owners’ Association.
World Maritime Theme 2021
The World Maritime Theme for 2021, «Seafarers: at the core of shipping’s future» seeks to increase the visibility of seafarers by drawing attention to the invaluable role they play now and will continue to play in the future.
Overview of COVID-19 impact on shipping industry
It is known that the COVID-19 oubreak has negatively affected global shipping and many others sectors. Following the situation, Europeran Maritime Safety Agency issued a report to analyse the impact of the pandemic on certain shipping activities by analysing vessel traffic data.
ICS Flag State Performance Table 2020-2021
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.
Drewry Maritime Financial Insight – January 2021
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.
Ship Repair: A Financial Balancing Act
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.
Charting the 2021 maritime regulatory landscape
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.
Year in Review: Top priorities of the 2020 Regulatory Agenda
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.
South Korea: Five shipping companies form alliance
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.