Leaders from around the world gathered for the Global Maritime Forum’s Annual Summit on 30-31 October in Singapore, to develop concrete solutions to the most important challenges facing the maritime industry, including decarbonization, improvement of efficiency and safety and attracting new generation.
UNCTAD released the Review of Maritime Transport 2019, presenting a fall in maritime trade growth. Moreover, trade policy crosscurrents, geopolitics and sanctions, environmental worries, fuel economics and tensions regarding the Strait of Hormuz, have all contributed to slower growth in merchandise trade.
The Cruise Lines International Association (CLIA) and the Australian Cruise Association (ACA) published an infographic focusing on the Australian cruise industry and its development for 2018 to 2019, highlighting that the sector experienced an increase of 11.2% in its total value to the national economy in the past year.
The Global Maritime Forum launched its 2019 “Global Maritime Issues Monitor” report addressing shipping’s current issues, from the diversity in maritime workforce to a zero-emission industry, based on the results of a survey of senior maritime stakeholders from 46 countries.
The IMO has recently put under the microscope over 300 ships involved in fraudulent vessel registrations operating without the knowledge of governments they claim to represent, according to data provided by the Standard P&I Club.
The Former UN Secretary General, Ban Ki-moon, highlighted that the shipping industry has to focus on achieving the targets set in the United Nations Sustainable Development Agenda and fight climate change, going against unilateralism.
The Indonesian government announced on Friday, August 30th 2019 that a ban on nickel ore exports would come into effect on the 1st of January 2020; two years prior to its planned date, causing an immediate spike in its price. Even though this retreated as the market took a more measured view of the nickel outlook, there is little doubt that in the years to come the ban will have significant implications for NPI supply.
The working group Cruise 2030 has started operating on finding ways to help shaping the cruise industry of the future. The kick-off meeting took place in Venice, on October 18, aiming to establish a common platform of strategies to support the development of the cruise industry sustainably, in order to match the needs of the industry with the demands of the cities and territories.
During the last SAFETY4SEA Hamburg Forum, all experts attempted to provide a picture of the shipping in 50 years from today and imagine how the industry is going to change in order to face upcoming challenges. Namely, the key question raised was: What will be the same in the shipping industry and what will be different in 2050 from your perspective?
During the 2019 SAFETY4SEA Athens Forum, Mr. Stavros Meidanis, DPA/CSO, S&Q Manager, Capital Ship Management Corp shared his views on how shipping will look like in 2030 even 2050, focusing on implications for ship managers in the future.
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