Covid-19

COVID-19 drives up ship operating costs according to Drewry

London, UK,  – Vessel operating costs have risen at their fastest pace in over a decade this year, on higher insurance cover premiums and COVID-19 related expenses, but are expected to moderate in subsequent years as pandemic related spend unwinds, according to the latest Ship Operating Costs Annual Review and Forecast 2020/21 report published by …

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UN pleades for seafarers to be designated as key workers to resolve crew change crisis

The United Nations General Assembly has called on UN Member States to designate seafarers and other marine personnel as key workers and to implement relevant measures to allow stranded seafarers to be repatriated and others to join ships, and to ensure  access to medical care. In a resolution on International cooperation to address challenges faced …

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Covid-19 pandemic crises pushing up costs for crew changes

  Ship operators are being warned to expect higher crewing costs next year as pandemic measures and challenges in carrying out crew changes push prices higher. Henrik Jensen, managing director of Danica Crewing Specialists, has analyzed recent crew costs and reports that each crew change is costing an extra $2,000 USD – doubling the price …

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Shocking WMU report underlines why seafarers work such long hours

New research from a team at the World Maritime University (WMU) underlines systemic failures in the implementation of the regulatory regime for seafarers’ hours of work and rest, undermining the credibility of international regulations relating to working hours. ‘A culture of adjustment’, by Dr. Raphael Baumler, Ms. Yvette deKlerk, Dr. Michael Ekow Manuel and Dr. …

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Small recovery from COVID-19 seen in global marine insurance  market

Global marine insurance premiums across all sectors are relatively stable despite the global pandemic, the International Union of Marine Insurance (IUMI) reported today.” Early signs of a modest market recovery are encouraging although COVID-19 has injected a new level of uncertainty.”  In its 2020 analysis of the global marine insurance market, IUMI presents a range …

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COVAXX and Maersk enter partnership to supply COVID-19 vaccines globally

  COVAXX, a U.S. company developing a multitope synthetic peptide-based vaccine to fight COVID-19, has announced a global logistics partnership with Maersk, one of the world’s largest shipping and integrated logistics providers. The agreement lays out a framework for all transportation and supply chain services that will be needed to deliver COVAXX’s vaccine candidate UB-612 …

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Pirates kidnapping more seafarers off West Africa, IMB reports

Anti-piracy training in the Gulf of Guinea. Photo: US Navy In its latest report for the third quarter of the year, the International Chamber of Commerce (ICC) bureau notes pirates armed with guns and knives are abducting larger groups of seafarers further off the West African coast than before. IMB’s latest global piracy report details …

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Maritime leaders reimagine more resilient, sustainable global seaborne trade

The CMA CGM Jacques Saade, the first container ship of this size powered by Liquefied Natural Gas (LNG), set a world record on October 12 by loading 20,723 full containers in Singapore. Finding a new way forward for global seaborne trade was the focus of discussions during the Global Maritime Forum’s week-long Virtual-High Level Meeting on …

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How the Global Pandemic Put Container Shipping in the Spotlight (Forum)

By Claudio Bozzo, Chief Operating Officer, MSC Shipping is one of the oldest industries in the world. Today, around 90% of goods are transported by sea, 70% of these in containers. It takes a huge workforce to move all those goods from one place to another, in fact around 2 million seafarers are keeping trade …

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