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.
Wisdom is back with its physical events and has proudly announced the Future of Maritime Solutions Summit to be held on 23 – 24 March 2022 at Gdansk, Poland. The event will welcome some of the most important names in the industry to discuss the maritime community’s efforts to achieve a carbon-neutral future. It also features an exclusive site visit to the Port of Gdansk Authority on 22 March 2022.
Buying private equity-backed Inmarsat would transform U.S.-based Viasat into an operator of 19 satellites across Ka, L and S-band spectrum — with another 10 spacecraft set to launch in the next three years for a market that has been shaken up by SpaceX’s Starlink and other incoming megaconstellations.
Unprecedented demand for container ships will not end anytime soon, according to executives of companies that rent vessels to ocean carriers. Their overwhelming confidence is yet another ominous sign for beleaguered cargo shippers — and another signal that inflation could persist.
UK and Danish authorities have published a report, “Application and Usability of ECDIS”, which concludes that a new approach is needed for the Electronic Chart Display and Information System, universally known by its acronym ECDIS.
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
Internet of Things (IoT) sensors and data analysis can help operators to make their fleet connected, more efficient and cheaper to run. In the past decade, as technology has matured, the adoption of IoT capabilities and applications within the maritime and aviation industries has been growing. IoT has the capability to transform these industries, as it allows operators to make their fleet more fuel efficient, incorporate predictive maintenance and guarantee crew and passenger safety and welfare.
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.
The IMarEST’s 1st Global Conference on Biofouling Management for Maritime Industries will bring together specialists from across this multidisciplinary and multisectoral field to support the development of a practical and sustainable path forward for maritime industries to achieve outcomes that will better protect the global maritime environment.
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.
During MEPC 75 in November 2020, the IMO approved amendments to MARPOL Annex VI, introducing an Energy Efficiency Design Index for existing ships (EEXI). Subject to adoption at MEPC 76 in June 2021, the requirements will enter into force in 2023
NEVA-International signed a cooperation agreement with the International Ship Engineering Service Association (ISES)
The document is signed by the ISES General Secretary Pepe Brice and the General Director of NEVA-International LLC Alexander Ulyanov.
The 7th IMarEST Ballast Water Technology Conference will be taking place 17-18th March 2021, and will be held online. This event will bring together global leaders in ship operations, technology development and regulatory compliance to establish the state of the art and examine the path ahead, including the next generation of technologies and practices.
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.
Nor-Shipping, Your Arena for Ocean Solutions, has taken the decision to postpone its planned exhibition and activity programme for June 2021, pushing the event back to 10-13 January 2022.
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.
It is with a great deal of regret that we are announcing the cancellation of Posidonia 2020, originally planned for June 2020 and subsequently postponed to October 2020.
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.
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.
IMO’s Sub-Committee on Pollution Prevention and Response (PPR) meets this week (18-22 February) at IMO headquarters. The meeting will focus on finalizing draft Guidelines on consistent implementation of the 0.50% sulphur limit under MARPOL Annex VI.
Kitack Lim has been given a second four-year term as Secretary General of the International Maritime Organization (IMO).
The International Convention for the Control and Management of Ships’ Ballast Water and Sediments, 2004 (BWM Convention), is concerned with preventing, minimizing and ultimately eliminating the risks to the environment, human health, property and resources arising from the transfer of harmful aquatic organisms and pathogens, through the control and management of ships’ ballast water and sediments.
International Ship Engineering Service (ISES) Association is please to invite you to join us during SMM exhibition, Hamburg – Germany.
We look forward to you visiting us in Hall B8, Stand 135
Shipowners have ordered or installed scrubbers for nearly 1,000 vessels as the uptake in exhaust gas cleaning systems rapidly accelerates ahead of the 1 January 2020 0.5% global sulphur cap from the IMO.
According to the Exhaust Gas Cleaning System Association (EGCSA) the number of ships with scrubbers either installed or on order stood at 983 as of 31 May this year.
The dry bulk shipping industry appears to be quite strong, with slowly increasing global trade volumes.
Time charter rates were broadly lower in the first quarter 2018 compared to the fourth quarter 2017 but this does not appear to be due to lower shipping volume.
International Ship Electrical & Engineering (ISES) Association is please to invite you to join us during Posidonia exhibition, Athens – Greece.
We look forward to you visiting us on Stand 1-129 where you can meet our President, several members and me.
The Norwegian Shipowners’ Association annual outlook survey indicates guarded optimism with regard to revenue and profitability in 2018. Half of Norwegian Shipowners’ Association members anticipate increased turnover in 2018. For the offshore segments, survey results indicate that peak layup has likely been reached.
The manufacturers and stakeholders in the ballast water treatment equipment market have taken a major step forward by codifying a unified manufacturers’ association.
The UK Department for Transport (DfT) posted the Shipping Fleet Statistics: 2017. Gross tonnage on the UK Ship Register was 16.2 million at the end of December 2017, an increase of 7% on the previous year and a third consecutive year of growth.
Maritime law makers faces stiff challenges in their work on the future of the Global Maritime Distress and Safety System, writes Aline de Bièvre
This document published by LR, summarizes the most important IMO/ ILO requirements entering into force.
Overall, 2017 was a good year for the ocean shipping industry. Operating margins for most carriers improved, driven by robust demand, positive inventory developments and higher rate levels. Will the positive recovery continue? Or will the vicious cycle we’ve experienced since 2008 continue, where carriers are truly profitable for only three to four years at a time?
The IMO issued a notice stating that the theme this year for World Maritime Day is “IMO 70: Our Heritage – Better Shipping for a Better Future” commemorating the 70th anniversary of the Convention establishing the organization.
Greece remains on the throne of the top shipowning nations by value whose combined fleet is worth USD 516 billion, data from VesselsValue’s latest infographic shows.
Any breakdown of the world fleet into ship type, ownership or any other parameter can only ever be a snapshot because it changes constantly as ships are scrapped, newbuildings delivered and vessels change hands all the time.
European Maritime safety Agency has issued the Annual Overview of Marine Casualties and Incidents. It consists in a high-level analysis of accidents reported by the EU Member States in European Marine Casualty Information Platform (EMCIP).
AMI Group Member TMQ International Pty Ltd are now ISO 9001:2015 QA compliant, having completed their Audit successfully on the 5th October 2017.
What’s on the regulatory agenda (Including news from 71th session of MEPC, 98th session of MSC and 29th IMO Assembly)
Cyber security is not just about preventing hackers gaining access to systems and information, potentially resulting in loss of confidentiality and/or control. It also addresses the maintenance of integrity and availability of information and systems, ensuring business continuity and the continuing utility of digital assets and systems.
The shipping industry is by far the most extrovert sector of the national economy, a leading global player and a major source of income, wealth and prestige for Greece. In a challenging global environment, the Greek shipping community is heavily investing and expanding its global footprint.
Marine Environment Protection Committee (MEPC) 71 was a very busy week and ship owners can now benefit from having a firm view of the regulatory timeline for complying with the latest global require-ments for managing the ballast water from their vessels. Unfortunately, the timeline remains very crowded and for owners with ships trading to and from the U.S., compliance is more complicated.
The Maritime Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) decided to extend the time for compliance with the Ballast Water Management (BWM) Convention. As a result, only vessels built after its entry into force on September 8, 2017 will immediately be subject to the new ballast water performance standard.
Japan’s big three shipping groups – K Line, MOL and NYK – have officially established Ocean Network Express (ONE), making further progress on the integration of their container shipping businesses.
The collision of a container ship with a U.S. Navy destroyer off the coast off Japan last weekend has highlighted the fact that the open waters can be pretty busy places.
Cruise ships take passengers across seas and even between continents, but have you ever stopped to think about how they are prepared for such a journey?
The 2017 ICS Annual Review is intended as a comprehensive overview of all the major issues faced by the global shipping industry, and in which ICS is engaged on behalf of its member national shipowners’ associations.
Container ship safety is under the spotlight with ever-increasing ship sizes, as evidenced by the January 2015 inauguration of the world’s largest container ship, the MSC Oscar (19,224 teu).
Inmarsat said it has made progress on gaining IMO approval to expand mandated safety communications to its more modern services of FleetBroadband and Fleet One. It is hopeful that IMO will allow these services to become part of the global maritime distress and safety system (GMDSS) that is compulsory for shipping.
International Ship Engineering Service (ISES) Association Ltd becomes a supporting partner of the upcoming Sea Asia Exhibition 2017.
SEA ASIA 2017 SET TO HOST INDUSTRY LEADERS FROM OVER 80 COUNTRIES
Over the next decade, the shipping industry will be impacted by a wide array of shipping regulations. These regulations aim to ensure that this vital sector is environmentally sound, energy efficient, safe and secure.
The International Association of Classification Societies is pleased to announce the release of the 2017 edition of its IACS Blue Book. The latest release of the Blue Book package continues to enhance IACS technical support to the shipping industry through our work and investment in technology, innovation, research and development both at the classification and statutory levels.
In this white paper Seatrade Maritime analyse the top 20 container lines, and where the future lies for those that survived as we move into 2017.
IMO secretary-general Kitack Lim launched the theme for World Maritime Day 2017, “Connecting ships, ports and people” at the Port of Felixstowe on Wednesday.
OmniSkyONE is a reliable weather monitoring system that offers complete weather information in real time and round the clock in any environment.
Over half of ships trading internationally are living with ECDIS, according to the latest figures published by the United Kingdom Hydrographic Office (UKHO).
