More than 300 companies and organizations join forces in an initiative aimed at solving the crisis of stranded seafarers as quickly as possible. V.Group, BP, Cargill, BW Group and Trafigura are just some of the names involved, along with major shipping lines such as Maersk, Hapag-Lloyd, MSC, Cosco, ONE and CMA CGM.
Employees at the US' two biggest - and currently extremely busy - ports should be moved forward in the vaccination programs, so that the ports are not at risk of shutting down, say several politicians in the US.
One of the world's biggest offshore ship operators, Bourbon Offshore, settled a comprehensive restructuring one month ago. But the group now acknowledges that the offshore market dwindled significantly last year. ShippingWatch sat down with CEO Gaël Bodénès.
Towage operator Svitzer faces an unpredictable year in which both the vaccine and Brexit could upend the entire business. Nevertheless, there are still factors that could trigger greater demand, says new managing director of Europe, Lise Demant.
The coronavirus has had large human and economic costs for crews and companies, and seafarers have probably suffered the most. Captain Debie Morera explains what happens when extraordinary precautions become the new normal onboard.
Ferry operators DFDS and Stena Line both feel the new restrictions imposed as a result of a British Covid-19 mutation that is more contagious. The Netherlands, France and Ireland have closed for UK passengers.
The Covid-19 pandemic cut major chunks out of the global bunker market, and the long-term effects of the pandemic all point in the same direction. At many of the smaller players, the new sulfur regulations have been a real lifeline, assesses analyst with in-depth knowledge of the market.
The British oil company has avoided the kind of impairments that dragged its results into negative territory in this year's second quarter, achieving, rather, a small profit after a period with only minor fuel demand recovery.
Ten ports in China will open for foreign seafarers in relation to conducting crew changes, says Bimco. And the EU has reached an agreement on new joint travel rules, which makes shipowners hope for easier access for crew changes.
Shipping company Nordic Shipholding began merger talks with a foreign-based shipping company in late 2019. But the coronavirus crisis has put a halt to the negotiations. Instead, the shipping company will initiate a sale of one of its ships.
During the financial crisis in 2009, Maersk chased market shares. But this strategy turned out to hurt shareholders. During the coronavirus crisis the shipping company's strategy was therefore completely different, and that is partly why the group's earnings increased, says CEO Søren Skou.
Challenges related to changing crews on ships during the coronavirus pandemic could ultimately make some of Maersk's ships come to a standstill, acknowledges CEO Søren Skou. He also praises Danish authorities' efforts to handle the matter.
DFDS Chief Executive Torben Carlsen says that he is "pleased" with the second quarter despite a big setback in revenue as well as bottom line. Improved prospects does not change the fact that 650 employees must leave the company.
The meetings postponed this spring will now be resumed at the IMO, says the UN body. In the fall, a series of key environmental meetings will be held digitally, and decisions will also be made at a distance.