H Νιγηρία αλλάζει ρότα

H Νιγηρία αλλάζει ρότα

Αλλάζει άρδην οικονομική στρατηγική ο οικονομικός γίγαντας της Αφρικής, η πετρελαιοπαραγωγός Νιγηρία. Mε γνώμονα τις διεθνείς εξελίξεις και την πτώση των τιμών του πετρελαίου, η κυβέρνηση της Νιγηρίας στην Αμπούτζα συγκάλεσε ειδική επιτροπή με εκπροσώπους της κεντρικής τράπεζας και των οικονομικών φορέων της χώρας, για να συσκεφθούν όσον αφορά την οικονομική στρατηγική που θα πρέπει να αναλάβει άμεσα η χώρα. Η διαφοροποίηση της οικονομίας της Νιγηρίας αποτελεί προτεραιότητα της κυβέρνησης και,...


US Coast Guard, Paris and Tokyo MOUs Issue Guidance on COVID-19

The USCG, Paris and Tokyo MOUs have issued information on guidance regarding the difficulties the international shipping and transportation industry is facing during the COVID-19 pandemic. While acknowledging the need for protecting the health and safety of shoreside and seafarers, they also note that it is essential to keep supply chains open, further noting the difficulties shipowners are facing to arrange vessel surveys and issue related certificates.

The USCG and the MOUs have recognized...


Shipbuilding Faces Uncertain Waters

The global suspension of cruise operations and the reduction in commercial shipping due to the novel coronavirus (COVID-19) have broad ramifications for many business sectors, including the shipbuilding industry. Worldwide, shipbuilders are struggling to maintain their businesses while uncertain over the implications of the current global crisis.

Shipyards working with the world’s navies have mostly been deemed “essential businesses” exempting them from the public safety directives.  Newport...


Rystad: Global Downturn Hits Renewables

Facing a global demand shock from the coronavirus outbreak, the oil and gas industry is preparing for a deep and sustained hit to its bottom line. According to energy consultancy Rystad, the booming wind and solar power infrastructure industry will also take a hit this year, but for a different reason – the effects of rapidly changing foreign exchange rates. 

Rystad predicts that forecast growth in newly-commissioned solar and wind projects will be wiped out for 2020 and cut by an additional 10...


Regulators and Class Turn to Remote Inspections to Keep Ships Moving

In the era of COVID-19 and social distancing, remote survey and inspection procedures are proving even more helpful than before, according to regulators and class societies. 

Given the current restrictions on person-to-person interaction, the U.S. Coast Guard is now encouraging its inspectors to use remote methods to verify vessel compliance.

Under new guidance, U.S. flagged vessels and U.S. OCS units that are due for required COI renewal, annual inspection, dry dock exams or internal structural...


Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode

The U.S. Federal Reserve’s balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in the face of the global coronavirus pandemic. The...