The coronavirus outbreak is seriously affecting the container and commodity industries as many shipping lines re-route their cargoes and reduce calls to Chinese ports, setting the scene for months of delivery delays ahead, Reuters reports.
Amid the spread of the corona outbreak, many issues are arising for the shipping industry as well. In addition to the health tips that seafarers must be aware of, the shipping industry should have a clear picture regarding legal issues, such as if an owner can refuse to go to an affected port.
DP World reported its 2019 TEUs commenting that despite the challenges arising from the US-China trade war and regional geopolitics, their portfolio saw a development representing their resilience. DP World handled 71.2 million TEUs (twenty-foot equivalent units) across its global portfolio of container terminals in 2019, with gross container volumes flat year-on-year on a reported basis and up 1.0% on a like-for-like basis.
Yonhap reports that South Korea recently unveiled a financial package worth 820 billion won (US$690 million) with the aim to help modernize aging passenger boats and cargo vessels. The move is part of South Korea’s efforts to strengthen maritime safety and boost the economy. It is said that the package in particular is meant to help smaller shipping companies build 59 new ships; of them 21 will be passenger boats and the other 38 will be cargo vessels.
Vietnam National Shipping Lines Corporation (Vinalines) expressed its interest on joining the Global Shipping Alliances (GSA). Specifically, the company will improve its competitiveness by tending its focus on three vital sectors: the development of its port management, shipping, and the maritime services.
During the Iran-Syria Joint Committee on Port and Maritime Cooperation, Mohammed Rastad, the managing Director of PMO and the Syrian Deputy Minister of Maritime Transport agreed to consider maritime cooperation development, maritime training between the two countries.
As the advanced computer technology enables “second generation” intact stability criteria to be further developed, IMO’s Sub-Committee on Ship Design and Construction (SDC 7) meeting during 3-7 February, is expected to complete a comprehensive set of interim guidelines focused on this matter at hand.
Following UK’s exit from the European Union on 31 January 2020, Port of Rotterdam expressed its concerns about its trade relationship with the UK. Depending on the terms agreed, the free trade will bring new formalities, tariffs, quality regulations and environmental standards.
The Government of Estonia issued a statement commenting that the Minister of Justice will form a working group of experts to resume the applications of passengers and families of the victims and seek additional investigation.
Temperature over 20C recorded in Antarctica16/02/2020
Blue Call to Action eyes stronger global ocean governance16/02/2020
Watch: Glacier the size of Malta breaks in Antarctica15/02/2020
Maintenance of lighthouses is a challenging operation15/02/2020
Coronavirus may drop Chinese LPG demand14/02/2020
- Maritime Health
Fighting coronavirus: A Contingency Plan onboard is vital14/02/2020
ABS partners with Canadian forces to launch digital asset framework pilot14/02/2020
- Maritime Health
Novel Coronavirus – Implications for charterparties14/02/2020
- Maritime Knowledge
Why do people quit their leaders?14/02/2020
Cruise lines' cancellations due to coronavirus14/02/2020