The International Radiotelephony Spelling Alphabet, commonly known as the NATO phonetic alphabet or the ICAO phonetic alphabet, is the most widely used radiotelephone spelling alphabet and was developed by the International Civil Aviation Organization (ICAO), to ease communication via radio or telephone.
There has been a race to certify ballast water treatment systems in time for the 28 October 2020 revised G8 criteria deadline.
The Revised G8 criteria stems from the original guidelines for the approval of ballast water management systems which was adopted on 10 October 2008 (MEPC.174(58)).
The word “disruption” has been used and overused to the point of becoming a cliché, but there’s one area of the maritime industry that it seems to have bypassed so far: ship repair. Not anymore. Along with the many disruptions that the COVID-19 pandemic has caused, you can now add new technologies to the list.
When DNV launched the first Maritime Forecast to 2050, it was hard to imagine a situation like we find ourselves in in 2020. The COVID-19 crisis has transformed the world, our behaviour and the maritime industry in a way that is unprecedented in modern history.
Every year, at the end of September the International Shipping Community celebrates the “World Maritime Day”, which has been established and celebrated by the International Maritime Organisation (IMO).
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.
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.
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.