Opinions

Quarterly review: US, China must act to avoid monetary breakdown, Why low inflation could last 50 years, and more

Quarterly review: US, China must act to avoid monetary breakdown, Why low inflation could last 50 years, and more

THE QUARTERLY REVIEW  – OMFIF

OMFIF’s most read opinion and analysis from the start of the year

1 January-31 March 2021, Vol.12 Ed.1

Inflation fears show currency reset needed

US, China must act to avoid monetary breakdown: With the rise of quantitative easing after the 2008 financial crisis, intensified by the Covid-19 pandemic, central banks are exerting ever-greater control over...

https://allaboutshipping.co.uk/2021/04/02/quarterly-review-us-china-must-act-to-avoid-monetary-breakdown-why-low-inflation-could-last-50-years-and-more/

Importance of navigational risk reviews

Over the last 10 years there has been a general increase in the number of claims which relate to the broad description of navigational incidents. These include groundings, collisions and contacts with fixed and floating objects (FFO). Thus, Mr. Clive Rees, Senior Surveyor, the Standard Club notes that the numbers of the relevant pool claims, named because the costs of those claims exceed the retention levels of the individual P&I clubs, are as follows: – grounding 44, collision 45 and FFO 46.

Fig...

https://safety4sea.com/importance-of-navigational-risk-reviews/

The case of ammonia as a marine fuel

During the 2020 SAFETY4SEA Limassol Forum, Dr. John Kokarakis, Vice President Technology & Business Development, Bureau Veritas, discussed ammonia as a potential solution for carbon-free shipping. During his presentation, Dr. Kokarakis presented the advantages of ammonia on the one hand, and the challenges on the other, adding that difficulties around ammonia can be controlled by technical and regulatory options.

The hot question of today is if the ammonia is a feasible solution for carbon-free...

https://safety4sea.com/cm-the-case-of-ammonia-as-a-marine-fuel/

Steps to protect mariner wellbeing aboard ships during COVID-19

Due to the recent COVID-19 pandemic, the maritime industry once again faces a great challenge to overcome this unprecedented situation for stranded seafarers.Our seafarers are ON BOARD BUT they must NOT feel ALONE, highlights Mrs Maria Christopoulou, Associate of ASCOT Consulting.

As a high priority, shipping companies, trade organizations and governments need to collaborate to protect the hundreds of thousands of seafarers confined on board vessels scattered all over the world, with no, or...

https://safety4sea.com/steps-to-protect-mariner-wellbeing-aboard-ships-during-covid-19/

COVID-19: This is not a Drill!

The World Health Organisation (WHO) has declared COVID-19 a pandemic. 187 countries are affected by the pandemic and the number of confirmed cases stand in the hundreds of thousands. These trying times are likely to persist and measures adopted globally such as travel restrictions are bound to affect us, argue  Michael Hughes, Claims Executive and Rahul Sapra, Senior Surveyor of Standard Club.

In these critical times, the maritime industry and seafarers are on the frontline, ensuring essential...

https://safety4sea.com/cm-covid-19-this-is-not-a-drill/

Key challenges amid COVID-19 from the operators’ perspective

The coronavirus crisis has brought many changes in the industry; from travel restrictions to crew changes. This is a new situation that not only shipping but the whole humanity faces. As far it concerns our industry, we need to reassure seafarer’s health and safety at sea as well as to minimize disruptions in trade. In this context, Capt Panagiotis Nikiteas, PGDip, MSc, MEd, HSQE Manager / DPA / CSO, Maran Dry Management Inc, enlists all current challenges that ship operators face.

There is...

https://safety4sea.com/cm-key-challenges-amid-covid-19-from-the-operators-perspective/

Seafarers Stories: Capt. Dimitrios Giannakis, Master

Our ‘Seafarer Stories’ new column hosts seafarers’ views who present briefly the key challenges of life and work onboard, providing a picture of what a career at sea actually means. In this context, we are happy to host an interview with Capt. Capt Dimitrios I. Giannakis, Master of LNG/c Maran Gas Asclepius who works with Maran Dry Management since 2013.

Capt. Dimitrios says that being a captain is a dynamic and challenging work since the captain is responsible for crew’s performance and at the...

https://safety4sea.com/cm-seafarers-stories-capt-dimitrios-giannakis-master/

Operators’ key challenges during the COVID-19 outbreak

After almost two months of monitoring and navigating through these new Coronavirus times, the pandemic’s effect on our businesses and personal lives is beginning to show. Although the disruption to the shipping industry might seem trivial compared to the human lives that are in danger and those who have already been lost, the importance of shipping should not be taken lightly since it directly affects the product and energy supply chain, argues Mr. Alexandros Danousis, DPA / HSEQ Manager at...

https://safety4sea.com/cm-operators-key-challenges-during-the-covid-19-outbreak/

Seafarers Stories: Capt. Dimitrios Liakakos, Master

Our ‘Seafarer Stories’ new column hosts seafarers’ views who present briefly the key challenges of life and work onboard, providing a picture of what a career at sea actually means. In this context, we are happy to host an interview with Capt. Dimitrios Liakakos, Master of MV Maran Spirit who works with the Maran Dry Management Inc. since 1980.

Capt. Dimitrios shares two important cases while onboard and encourages all seafarers to have faith and patience while on duty, since daily life at sea...

https://safety4sea.com/cm-seafarers-stories-capt-dimitrios-liakakos-master/

Lay-up and re-activation revisited

The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denying entry to certain vessels, travel restrictions have postponed crew changes, ships are taken out of service and crew have been laid off. These operational problems are forcing some owners and operators to consider placing vessels in lay-up, notes Mr. Jarle Fosen, Senior Loss Prevention Executive, Arendal.

Owner’s decision

Once a vessel owner has decided to lay up a vessel,...

https://safety4sea.com/lay-up-and-re-activation-revisited/

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