Shipping Industry Witnesses A Buoyant Market!

Shipping Industry Witnesses A Buoyant Market!
  • Shipping is a volatile, deep-value segment.
  • Medium term, I see significant value opportunities.
  • Diversification is important for all portfolios. Consider adding shipping to your portfolio at these prices.
  • Euronav is my favourite current tanker stock.

According to a Seeking Alpha article written by the Waltzy, the markets in 2020 have been volatile. We all know that, and we’re all very aware of the many reasons why. That said, volatility can lead to opportunity. It’s your job to identify...

https://mfame.guru/shipping-industry-witnesses-a-buoyant-market/

MSC continues business during COVID-19 pandemic

In light of theCOVID-19 pandemic, the group president and CEO of Mediterranean Shipping Company (MSC), Diego Aponte wrote an open letter marking the company’s actions in order to continue business during the outbreak.

As, Mr. Diego Aponte noted:

The spread of COVID-19 has created a public health issue unprecedented in our lifetimes, triggering an unexpected shock for societies and economies.

Despite the difficult operating conditions the shipping industry is facing, the company keeps delivering...

https://safety4sea.com/msc-continues-business-during-covid-19-pandemic/

COVID-19 impacts fleet development and demand

COVID-19 impacts fleet development and demand
The impact of the COVID-19 pandemic on the shipping industry is obvious, not only decreasing demand growth prospects for the year across all segments, but also affecting fleet development.

Following BIMCO’s 2020 forecast revision, Peter Sand, BIMCO’s Chief Shipping Analyst, commented that the coronavirus has replaced the long waited 2020 sulphur cap; The demand outlook has weakened and uncertainty has increased across the board.

He added that this combination is reflected in fleet developments...

https://safety4sea.com/covid-19-impacts-fleet-development-and-demand/

DNV GL gets ready for decade’s short-term challenges

Following the DNV GL annual report for 2019 and its improved market conditions, the Norway-based company announced that is fully prepared for the ‘2020 decade of transformation’ and the short-term challenges that brings.

Namely, DNV GL informed that during this decade, theenergy transition issue will be in the spotlight. At the same time, food and health systems will mark an intense change, while the digital technologies underpinning Industry 4.0 will increase from experimentation into...

https://safety4sea.com/dnv-gl-gets-ready-for-decades-short-term-challenges/

ECSA puts shipping’s COVID-19 recovery on top priority

In light of theCOVID-19 pandemic, European Community Shipowners’ Associations (ECSA) recently informed that its first priority will be the rescue and full recovery of the European shipping industry, instead of the European Green Deal.

In fact, this decision was made during a meeting of the Board of Directors of the European Community Shipowners’ Associations (ECSA), as Executive Vice President of the European Commission, Frans Timmermans announced the COP26 postponement which had been...

https://safety4sea.com/ecsa-puts-shippings-covid-19-recovery-on-top-priority/

Cyprus sets new measures for its operations amid COVID-19

In order to support shipping companies and owners of Cyprus, the region’s Shipping Deputy Ministry has put in place new measures for its operations, addressing the difficulties encountered due to the COVID-19 outbreak.

In fact, Cyprus Shipping Deputy Ministry has put in place special arrangements for its smooth operation and the effective provision of services to its clients and collaborators (Circular No. 6/2020).

To remain fully operational and provide its high-quality services, SDM has issued...

https://safety4sea.com/cyprus-sets-new-measures-for-its-operations-amid-covid-19/

Array
During their meeting on 2 April, ECSA’s Board of Directors requested governments and Brussels to take action and adopt a rescue and recovery plan concerning the maritime field, which is now coming close tocollapse following the COVID-19 impacts.

According to Claes Berglund, ECSA´s President, the European shipping has reached a breaking point. In fact, on the surface, trade continues to flow but below the surface, crews are being challenged enormously.

Furthermore, financing really needs to be...

https://safety4sea.com/ecsa-warns-that-eu-shipping-reaches-breaking-point/

IMO seeks UN support concerning “keyworker” designation for seafarers

During a virtual meeting on 1st of April between the IMO Secretary- General Kitack Lim, UN chiefs and the UN Secretary-General, was among others addressed the COVID-19 pandemic situation and its impacts around the maritime industry.

In light of the situation, the IMO- Secretary-General Kitack Lim requested from the United Nations system agencies to provide their support concerning IMO’s request to governments to declare seafarers, port personnel and other crucial maritime workers as key...

https://safety4sea.com/imo-seeks-un-support-concerning-keyworker-designation-for-seafarers/

134 Rasmus Blomqvist, Chief Officer, Mont Ventoux, Marseille, France – Rades, Tunisia

Seafarers are the unsung heroes of global trade.

Episode 134 – in spite of the Coronavirus.

This episode is recorded online, so the sound quality is not as exceptionally good as usual. On the other hand, you get to listen to a young Master Mariner who is now stuck on his vessels since the pandemic is causing trouble with crew change. No one can leave the ship and no one can come on board, the entire ship is a quarantine. How does it feel? What do you do? What are you longing for the most and how...

https://shippingpodcast.com/134-rasmus-blomqvist-chief-officer-mont-ventoux-marseille-france-rades-tunisia/

Rightship launches New Dry Bulk Management Standard

Rightship launches New Dry Bulk Management Standard
RightShip announced a new program for the dry bulk sector which aims to ensure the highest levels of safety, security and environmental excellence. The new Dry Bulk Management Standard (DBMS) aims to support the improvement of safety and risk management standards within dry bulk ship management and  help drive collaboration, conversation and increased standards in the sector.

The draft guidelines and standards have been created after months of collaboration with partners and operators across...

https://safety4sea.com/cm-rightship-launches-new-dry-bulk-management-standard/