Frank Coles, CEO of Wallem Group, thinks it is crucial that ships be allowed to change their crews if global trade is to continue undisrupted. He strongly disagrees with a competitor urging seafarers to stay home.
Ardmore's headquarters in the Irish city of Cork draws upon lessons from its Singapore office, which was first to be impacted by the coronavirus outbreak. In the end, the crisis could lead to lasting changes in the oil market, projects CEO Anthony Gurnee.
2020 has been written off for the dry bulk market, says Norden CEO Jan Rindbo, who currently sees rates that can keep ships sailing, but not much more than that. "The question is also what kind of world we'll return to," he says.
Some fear a postponement of important deadlines in the shipping sector's climate plan due to the corona pandemic, but Maersk tells ShippingWatch that the virus outbreak will not change the company's climate ambitions.
Golden Ocean has found its permanent replacement for Birgitte Vartdal, who stepped down as CEO last year. The company has tapped the chief executive of a gas shipping company, who will, among other things, "explore new opportunities for growth and consolidation." (Updated)
There will be no improvements in passenger numbers before well into 2021, says Stena Line, and the company sends several hundred employees on furlough on services between the UK and Ireland. The company also lays off some.
Hong Kong-based dry bulk shipping line Pacific Basin expects the coronavirus to hit the carrier's earnings in the second quarter. However, the company remains confident in a major recovery once the virus is contained.
It could have a big impact on the tanker market if the oil-exporting nations agree on an output cut Thursday. But it will take some time before the effect emerges. Activity has gone down, but rates remain at a historic high.
2019 saw more personal injuries in the Norwegian oil industry than the preceding year, according to figures from the Petroleum Safety Authority. There was also a rise in the number of serious incidents.
It should be much easier for parties collaborating with the shipping industry to understand a ship's environmental profile, and this should be achieved through a rating system adopted by the UN, according to new proposal submitted to the IMO.
DNV GL turns to temporary furloughs due to the coronavirus crisis. "We cannot wait for the storm without taking temporary measures," CFO Thomas Vogth-Eriksen tells ShippingWatch. The company is prepared to postpone inspections on vessels and declare force majeure.