Maritime business software company Marcura has acquired ShipServ, a digital marketplace platform focused on ships’ spares, provisions and services.
Shipserv is the largest platform for connecting suppliers with vessel operators online.
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.
Fast rising inflation, ongoing supply chain bottlenecks and the Omicron Covid-19 variant are conspiring to slow the pace of growth in container handling, forcing Drewry to lower its outlook for world port throughput in 2022 to 4.6% in the latest Container Forecaster, from 5.2% in the previous edition.
DNV is forecasting a peak season for global Ballast Water Treatment System (BWTS) installations, and the industry should get prepared for a busy 2022. This statutory news contains some timely reminders to ensure compliance with the Ballast Water Management (BWM) Convention.
The 32nd session of the IMO Assembly (A 32), the highest governing body of the IMO, was held remotely from 6 to 15 December 2021. The Assembly elected 40 member states for the Council for the next biennium, added the human element as a new strategic direction for the IMO, and adopted updated port state guidelines and harmonized survey guidelines.
The insightful whitepaper is based on data factoring 866,000 inspections, 26,000 detentions, 22,000 casualty incidents, and 1,000 losses reviewed over a 10-year period, providing a comprehensive picture on the status quo of safety in maritime.
IMO has chosen to make 2021 a year of action for seafarers, who are facing unprecedented hardship due to the COVID-19 pandemic, despite their vital role as key workers for global supply chains.
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.
Discussions around the role of women in maritime took centre stage at the first webinar organized by IMO Member State delegates working to achieve gender equality in the maritime sector, better known as the IMO Gender Equality Network
Launched the new Seafarer Workforce Report from BIMCO and the International Chamber of Shipping warns that the industry must significantly increase training and recruitment levels if it is to avoid a serious shortage in the total supply of officers by 2026.
“New technologies for greener shipping” has been chosen as the World Maritime Theme for 2022, reflecting the need to support a green transition of the maritime sector into a sustainable future, while leaving no one behind, the International Maritime Organization (IMO) said.
Nearly one in every five ships worldwide sails under a European Union (EU) Member State flag, and the EU accounts for approximately a fifth of all global maritime trade. However, during 2020, overall EU maritime traffic dropped by 10.2% as a result of the COVID-19 pandemic.
Open letter from WSC CEOs to IMO Member State Governments
CEOs of global container and roro carriers appeal to governments: “Broad political action critical for shipping industry to meet climate challenge.”
The Sub-Committee addresses all aspects of safety of navigation, reliable communications and improved coordination to avoid maritime accidents; and ensuring a quick and efficient response in case of a search and rescue incident.
On 28 April, we celebrate World Day for Safety and Health at Work. This has always been an important day for the maritime sector and for the International Maritime Organization (IMO), which is responsible for the safety and security of shipping. This day is particularly significant in light of the ongoing COVID-19 pandemic.
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.
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.
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.
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.
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.
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.
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.
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.
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 on the facilitation of maritime trade during the COVID-19 pandemic.
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.
