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Shortage of naval officers on track to record levels

The global merchant fleet could fall short of a record number of naval officers in coming years. The global fleet is growing, while a career at sea has become less attractive, assesses Drewry, while pointing to effects of the Covid-19 pandemic.

Shippers fear container capacity shortage will stunt growth

The overheated container market, marked by enormous demand and resulting bottlenecks and capacity shortages, could make it harder for many countries to revive growth after the prolonged Covid-19 lockdowns, according to shippers of Global Shippers' Forum.

Covid-19 cases will affect Gard's business well into 2021

Since the Covid-19 pandemic erupted, Norwegian insurance company Gard has received 1,000 claims from complications related to infections aboard vessels. The annual results for 2020 were saved by the stock market and fewer major claims in the second half of the year, the CEO tells ShippingWatch.

Crews from Torm and Anglo-Eastern ships to be vaccinated under new US program

Seafarers from two Torm ships will be vaccinated against Covid-19 today and tomorrow under a new US vaccination program. CEO Jacob Meldgaard, who also chairs Danish Shipping, urges other countries to follow suit. "This is really important for seafarers," he tells ShippingWatch. Anglo-Eastern has also accepted the vaccine program.

Empty inventories could extend container upturn even further

As soon as consumption, bottlenecks and container shortages subside, companies will have to rebuild inventories. This could be the reason why Maersk estimates market expectations all the way until the fourth quarter, assesses SEB. Scan Global criticizes the high freight rates.

MPC Container Ships raises expectations for 2021

The upturn in the container market has been shown to continue, and this prompts MPC Container Ships to raise its earnings expectations for the current year. So far, the share price is up 75 percent this year.

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