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
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.