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ICS joins forces with global national associations to discuss about COVID-19

The International Chamber of Shipping (ICS) shared the view of its Secretary General, Guy Platten, concerning the challenging times that the shipping industry is experiencing. In light of the difficulties, on Thursday 19th March, ICS will be using their power to bring national associations from around the world together for the first of an ongoing set of meetings designed to identify swift and effective solutions. 

BIMCO revises its 2020 forecast for shipping market

BIMCO is updating its 2020 forecast given the severe consequences COVID-19 has on the shipping industry, commenting that this crisis has exposed several unwanted vulnerabilities to supply chains as we know them today.

COVID-19 causes shipping containers shortages

The COVID-19 crisis which has been the epicentre of the EU is leading to shipping container shortages and goods, which is expected to worsen as China imposes more restrictions concerning incoming vessels, to boost its coronavirus safety measures.

Australia bans cargo ships amid COVID-19 fears, impacts goods’ import

Australian port authorities announced that all cargo vessels may enter any port after the timeframe of 14 days, to ensure that there is no potential case of COVID-19 onboard and amongst the crew. Yet, there are oppositions arguing that this decision may lead to supply chain shortages of goods for everyday consumer needs.

US blacklists Chinese, South African companies for Iran oil trade

According to Reuters, the US Department of State identified seven companies that has blacklisted, due to their involvement in Iranian petrochemincals’ transport, marketing and sale. In fact, three of the seven companies are Chinese-based, while another three are in Hong Kong and one in South Africa.

US passenger vessel operators urge for financial help

US passenger vessel operators experiencing low ridership and large economic losses due to the COVID-19 pandemic are calling President Donald Trump to include the sector in the administration’s plans to provide economic assistance.

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