COVID-19 pandemic

Evolving Crew Challenges Call for Enhancing Seafarer Mental Health

Credits: Flavio Gasperini/Unsplash

The Covid-19 pandemic and ensuing crew-change crisis – later exacerbated by the escalation of the war in Ukraine – disrupted supply chains and had a significant impact on crew welfare, leaving seafarers stranded at sea for months at a time facing acute emotional hardship, reports Maritime Cyprus.

The situation did yield one positive outcome: its widespread media coverage helped to thrust shipping – and seafarers – into the public consciousness.

Critical role...

https://mfame.guru/evolving-crew-challenges-call-for-enhancing-seafarer-mental-health/

Cummins seeking investors for IPO in stand-alone filtration unit

Cummins Inc. is taking its filtration business on the road to win investors for a $273 million  initial public offering. But when all is said and done, its parent will remain the biggest shareholder by far of Atmus Filtration Technologies.

Atmus is offering 14.1 million shares of common stock. Underwriters get a 30-day option to buy 2.1 million additional shares at the IPO price, expected to be $18 to $21 per share.

The Atmus name, announced in February, is derived from the word atmosphere and is...

https://www.freightwaves.com/news/cummins-seeking-investors-for-ipo-in-stand-alone-filtration-unit

Ford Aircraft Carrier John F. Kennedy to Deliver a Year Late

In this aerial photograph, the aircraft carrier John F. Kennedy (CVN-79) sits at Pier 3 at Newport News Shipbuilding division. The ship is approximately 76 percent complete and is progressing through final outfitting and testing. Huntington Ingalls Industries photo.

The next Ford-class aircraft carrier will now deliver to the Navy in 2025, one year later than the service’s most recent projection, according to Fiscal Year 2024 budget documents released this week.

The Navy delayed future carrier J...

https://news.usni.org/2023/03/23/ford-aircraft-carrier-john-f-kennedy-to-deliver-a-year-late

Postal Service posts net loss, small revenue gain in fiscal Q1

The U.S. Postal Service on Thursday reported that revenue in its fiscal 2023 first quarter, which included the holiday season, rose 1% over year-earlier levels to $21.5 billion, while total volumes declined 4.8% to 1.7 billion pieces.

Shipping and packages revenue rose 2.4% to $8.8 billion, up from $8.637 billion in the year-earlier period. Shipping and package volume fell 3.5%, or 70 million pieces, compared with the same period a year ago.

The falloff reflects a continued drop in e-commerce...

https://www.freightwaves.com/news/postal-service-posts-net-loss-small-revenue-gain-in-fiscal-q1

Losing Crimea Would Escalate Russian-Ukraine Conflict, Former Defense Secretary Says

A Ukrainian artilleryman trains on an M109 self-propelled howitzer at Grafenwoehr Training Area, Germany, May 11, 2022. Soldiers from the U.S. and Norway trained Armed Forces of Ukraine artillerymen on the howitzers as part of security assistance packages from their respective countries. U.S. Army Photo

Losing Crimea, which holds an important naval base in Sevastopol, to Ukraine would cross a “real red line” for Russia and likely risk an escalation of the ongoing war, a former U.S. defense...

https://news.usni.org/2023/02/02/losing-crimea-would-escalate-russian-ukraine-conflict-former-defense-secretary-says

White House touts easing of supply chain pressures

The White House has outlined progress on commitments made over the last two years to ease supply chain backups caused by the pandemic but failed to acknowledge recent signs that improvements have been losing steam.

“Just over two years ago, then-President-elect Biden addressed the nation in a prime time speech to propose his economic agenda: a plan for a strong, worker-centered economic recovery from the pandemic, followed by long-term investments to lay the foundation for more durable,...

https://www.freightwaves.com/news/white-house-touts-easing-of-supply-chain-pressures

2023’s Most (And Least) Powerful Passports

Credit: nicole-geri-unsplash

A recent news article published in the Forbes speaks about The World’s Most (And Least) Powerful Passports In 2023.

Covid-19 pandemic to Russia’s war on Ukraine

The last few years have seen global turmoil, from the Covid-19 pandemic to Russia’s war on Ukraine, and with it a reshaping of the status of many countries around the world. This inevitably has had a significant effect on the weight our passports carry, and where and how we can travel.

As we begin 2023, the...

https://mfame.guru/2023s-most-and-least-powerful-passports/

Fired Peterbilt worker settles suit over COVID conditions

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A Peterbilt worker fired after he complained about close working quarters with other Texas truck...

https://www.freightwaves.com/news/fired-peterbilt-worker-settles-suit-over-covid-conditions

Hapag-Lloyd Achieves Very Good Result In First Nine Months

Credit:
Philippe Oursel/unsplash

Hapag-Lloyd has concluded the first nine months of 2022 with an EBITDA of USD 16.6 billion (EUR 15.6 billion) and an EBIT of USD 15.1 billion (EUR 14.2 billion), says an article published on their website.

Higher freight rates

At the same time, the Group profit climbed to USD 14.7 billion (EUR 13.8 billion).

“Thanks to higher freight rates, we have achieved an exceptionally strong nine-month result. However, we are also seeing that the market environment has...

https://mfame.guru/hapag-lloyd-achieves-very-good-result-in-first-nine-months/

Eradicating Severe Poverty By 2030 Is Unachievable, Says World Bank

  • The latest Poverty and Shared Prosperity report, according to World Bank President David Malpass, shows the bleak future that tens of millions of people face.
  • He called for significant policy adjustments to spur economic expansion and jump-start efforts to end poverty.

A recent news article published in the Reuters states that World Bank says goal of ending extreme poverty by 2030 unlikely to be met.

COVID-19 pandemic and the war in Ukraine

Shocks related to the COVID-19 pandemic and the war in...

https://mfame.guru/eradicating-severe-poverty-by-2030-is-unachievable-says-world-bank/

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