Assisting the industry with Covid-19: The BIMCO disease clause

The ongoing Covid-19 pandemic continues to impact the industry, from the shipping container crisis, ports denying entry, and crew being stuck onboard vessels for months at a time.

Many shipping companies have been reluctant to enter certain countries due to the high risk of crew contracting Covid-19, or the potential of the rest of the vessel having to quarantine due to Covid-19 restrictions imposed by the destination country. Alongside this, delays have been caused due to crew contracting...

https://www.ship-technology.com/features/assisting-the-industry-with-covid-19-the-bimco-disease-clause/

German election: polarisation over key issues in store for coalition bargaining

German election: polarisation over key issues in store for coalition bargaining

Friday 17 September 2021 – Vol.12 Ed.37.5

Commentary: German polemics over inflation, energy and ECB

By David Marsh in Berlin

A heady mix of polemics and polarisation over inflation, tax and spend, European monetary policies and energy lies ahead for Germany. The contours starting to form for the aftermath of Chancellor Angela Merkel’s 16-year rule portend a fractious future. Whatever the post-election constellation,...

https://allaboutshipping.co.uk/2021/09/17/german-election-polarisation-over-key-issues-in-store-for-coalition-bargaining/

Asset owners should be part of the net-zero finance revolution

Asset owners should be part of the net-zero finance revolution

Thursday 16 September 2021 – Vol.12 Ed.37.4

Commentary: Asset owners can be game changers in climate fight

By Pedro Guazo in New York

With over 40 institutional investors representing over $6.6tn of assets under management, the Net-Zero Asset Owner Alliance demonstrates that major financial actors can align their investments with the 1.5°C target set out by the Paris agreement. Pedro Guazo, representative of the secretary-general for...

https://allaboutshipping.co.uk/2021/09/16/asset-owners-should-be-part-of-the-net-zero-finance-revolution/

Here there be pirates: Addressing piracy threats in African waters

Piracy and vessel hijacking presents a serious threat to those in the shipping industry. Accounting for 32% of globally reported piracy incidents and 50% of crew kidnapping cases, the Gulf of Guinea is one of the most dangerous areas for piracy incidents. Attacks against merchant ships in the area are so common they are considered a constant risk for those operating there.

Although the deployment of the Deep Blue Project – formed by the Nigerian Maritime Administration and Safety Agency – has...

https://www.ship-technology.com/features/here-there-be-pirates-addressing-piracy-threats-in-african-waters/

BIMCO’s SNOW (Week 37): Chinese coal imports from Australia drop 98.6% as restrictions bite

BIMCO’s SNOW (Week 37): Chinese coal imports from Australia drop 98.6% as restrictions bite

Peter Sand

In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian coal have started to hurt, according to Oceanbolt. This represents a 98.6% drop compared with 56.8 million tonnes in the same period in 2020.

In the first seven months of 2020, 697 voyages were made carrying coal between Australia and China. Out of...

https://allaboutshipping.co.uk/2021/09/15/bimcos-snow-week-37-chinese-coal-imports-from-australia-drop-98-6-as-restrictions-bite/

Germany remains focused on debt debate as EU expands borrowing

Germany remains focused on debt debate as EU expands borrowing

Wednesday 15 September 2021Vol.12 Ed.37.3

Commentary: Germany’s fiscal debate misses the mark

By Mark Sobel in Washington

With election day in Germany fast approaching, rhetoric is heating up, especially around the future course of fiscal policy and debt. There are calls to reinstate the constitutionally-mandated, though now suspended, debt brake. In some quarters, a failure to do so is seen as potentially unleashing fiscal ill winds....

https://allaboutshipping.co.uk/2021/09/15/germany-remains-focused-on-debt-debate-as-eu-expands-borrowing/

Scholz takes pole position as German election campaign enters final stretch

Scholz takes pole position as German election campaign enters final stretch

Tuesday 14 September 2021 – Vol.12 Ed.37.2

Commentary: Finance minister favourite to take Merkel’s difficult legacy

By David Marsh in London

German Finance Minister Olaf Scholz, in a startling turnaround of fortunes, is now favourite to follow Angela Merkel as German chancellor after the 26 September election. What kind of leader could he be? Is this a new Helmut Schmidt, Germany’s internationally renowned Social Democrat...

https://allaboutshipping.co.uk/2021/09/14/scholz-takes-pole-position-as-german-election-campaign-enters-final-stretch/

Market participants to build on promise of Paris agreement and COP26

Market participants to build on promise of Paris agreement and COP26

Monday 13 September 2021 – Vol.12 Ed.37.1

Commentary: Public investors look to COP26 for climate progress

By Marsha Vande Berg in San Francisco

Institutional investors recognised early on the risk that climate change posed to their portfolios, which helped drive sustainable finance. Marsha Vande Berg, deputy chair of the OMFIF advisory council, spoke to Anne Simpson, managing investment director, board governance and...

https://allaboutshipping.co.uk/2021/09/13/market-participants-to-build-on-promise-of-paris-agreement-and-cop26/

Time for central banks to stop dithering over climate, New round in ECB Kriegsspiel over bond-buying, and more

Time for central banks to stop dithering over climate, New round in ECB Kriegsspiel over bond-buying, and more

THE WEEKEND REVIEW  – OMFIF

Latest opinion and analysis from OMFIF around the world

6-10 September 2021, Vol.12 Ed.36

Most-Read Commentary

Time for central banks to stop dithering over climate: Economic activity, of practically any and every kind, is strongly integrated with greenhouse gas emissions. But decades after climate change became important in public discourse, climate...

https://allaboutshipping.co.uk/2021/09/11/time-for-central-banks-to-stop-dithering-over-climate-new-round-in-ecb-kriegsspiel-over-bond-buying-and-more/

Active ownership needed to tackle climate and biodiversity risks

Active ownership needed to tackle climate and biodiversity risks

Friday 10 September 2021 – Vol.12 Ed.36.5

Commentary: Transparency and disclosures only first step in climate change battle

By Kate Fowler in London

The sustainable finance disclosures regulation is a key initiative emerging from the EU’s 2018 action plan on sustainable finance. Active ownership will be a crucial instrument for investors to deliver the real economy impacts we need to see. SFDR is an important piece of the sustainable...

https://allaboutshipping.co.uk/2021/09/10/active-ownership-needed-to-tackle-climate-and-biodiversity-risks/

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