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Mega trends affecting shipping up to 2025

There are five global shifts reshaping the maritime world and the industry has already started innovating in order to meet them. So, what the future of shipping will look like in 2025? Which are the implications for shipowners and crew right now and in the future?

Transmit of cold kiwi from Italy to China via cold containers

The Mediterranean Shipping Company, MSC, is developing its reefer container fleet and tries to look for new technologies to give a direct solution to the growing demand for fruit around the world. Kiwi fruit is on high demand across the globe, and most importantly with Chinese customers. 

Russian Navy places more than 30 underwater drones on combat duty

According to TASS, the Russian Navy aspires to put more than 30 Poseidon strategic nuclear-capable underwater drones on combat duty. The ‘Poseidon,’ also known under Ocean Multipurpose System Status-6 or “Kanyon” by the U.S. intelligence community, is propelled by a miniaturized nuclear reactor.

Watch: What are the top business risks for 2019

Allianz issued its Risk Barometer 2019 listing the top business risks for this year. For the 2019 edition, Allianz surveyed more than 2,415 risk experts from 86 countries about the perils that worry them most. The survey identified cyber, neck-and-neck with business interruption, at the top of the Allianz Risk Barometer for the first time.

Stena partners with Hyundai Glovis in a European car carrier joint venture

Stena Rederi, a part of Swedish shipping company Stena AB, and German Glovis Europe are to collaborate in an attempt to operate car and truck vessels in Europe. Both companies have filed documents with the European Commission’s competition authorities to launch their partnership that will operate short-sea transport services on pure car and truck carrier vessels in Europe, according to Lloyd’s register.

Suez Canal’s revenues decrease by 8.8% in November

Egypt’s Suez Canal revenues fell in November, down around 8.8 % from October’s revenues as data showed from the cabinet’s website published on January 15. Although the Suez Canal reached the second highest daily traffic ever recorded on January 2 with 72 vessels with an overall tonnage of 5.1 million tons sailed through the canal, the revenues experienced a decrease. 

First US crude cargoes voyage to China after trade war

Three cargoes of US crude are being transported to China from the US Gulf Coast, according to Reuters. The cargoes represent the first departures since late September and a 90-day halt of trade between the two countries that began on December. The shipments highlight a change as Chinese buyers decided not to purchase US oil during the trade dispute between the two countries.

Top 10 issues concerning the future of shipping

2019 kicked off with the data collection on fuel oil consumption, alternative mechanisms to comply with the 2020 Sulphur cap, the EU Ship Recycling Regulation, the IMSBC Code 2017 amendment as well as amendments designating North Sea and Baltic Sea as ECAs. With many more regulations and developments still yet to come, nations from all across the globe, ship operators and crew are going through a key period because of ten major issues that will have significant impact over the next ten years in the shipping industry.

ICC Academy develops certificate for Non-Vessel Owning Common Carriers

The ICC Academy in collaboration with the International Maritime Bureau, has established a specialised certificate for Non-Vessel Owning Common Carriers Bills of Lading. The programme aims to increase standards and reliability of maritime trade for active NVOCCs and their trading partners.

Saudi and Canadian cuts result to higher heavy crude demand

Output cuts in oil-rich Alberta and Saudi Arabia result to leaving heavy-crude refiners from the Gulf of Mexico to Asia in a challenging position. The Saudis are expected to mostly focus on paring output of heavy crude as they lead efforts to rebalance the global market, according to Bloomberg. Although curtailments in Canada have driven local prices at a record in almost a decade, others as Arab Heavy and Heavy Louisiana Sweet are also gaining a powerful position. 

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