Economic crisis Archives - Maritime Shipping News

How Covid is Changing the Way Scientists Study Public Health

20 May 2021

The pandemic’s global scope has brought groups together from around the world as never before, says an article published in Nature.

“Maybe I’ll get ten more people and some more data points,” says Jay Van Bavel a psychologist at New York University.

Survey data collection

During the early months of the COVID-19 pandemic, he wanted to identify the social factors that best predict a person’s support for public-health measures, such as physical distancing or closing restaurants. He had a handful of...

https://mfame.guru/how-covid-is-changing-the-way-scientists-study-public-health/

Changes In Global LNG Market In The Space of A Year

26 April 2021

The past year has undoubtedly been the most dramatic in the history of the global LNG industry. Demand buffeted by lockdowns and recession, liquefaction shut-in, pre-FID supply projects delayed and spot LNG prices crashing to all-time lows before going into orbit, reports woodmac.

Asian LNG Demand Increased

Yet as the world experienced its worst economic crisis since the great depression, with commodity demand tumbling across numerous sectors and oil prices briefly turning negative, Asian LNG...

https://mfame.guru/changes-in-global-lng-market-in-the-space-of-a-year/

New crew-change policy is neat, plausible… and wrong

19 November 2020

^{Pictured: a fully-cellular containership heads into the sunset; Credit: Pixabay}

Shipping Australia is very concerned about the ongoing crisis caused by a lack of crew changes. Hundreds of thousands of people are trapped at sea and hundreds of thousands of people are waiting (without pay) to go to sea. It is a humanitarian crisis.

We have long advocated that measures should be taken to enable crew changes to occur as this is in the health and safety interests of the crew and in the vital economic...

https://shippingaustralia.com.au/new-crew-change-policy-is-neat-plausible-and-wrong/

OPINION: Australia ripe for regionalisation

12 November 2020

^{Graphic: Google Maps}

Ash Salardini, general manager, trade and chief economist at the National Farmers’ Federation argues the case for regionalisation and decentralisation. He sees agriculture as a lynchpin to revitalise the regions and explains what he sees as the role of ports, shipping and freight.

The ongoing restrictions associated with the Coronavirus pandemic have demonstrated the significant risk posed by the absolute concentration of economic activity in our two major cities.

This...

https://shippingaustralia.com.au/opinion-australia-ripe-for-regionalisation/

Global Newbuild Orders Crumble Amid Rising Economic Setback

7 October 2020

Pre-COVID, the bull case for shipping rates was all about plunging newbuild orders.
A drop in orders in 2019 pointed to rising freight rates in 2021, given the lag between contract signing and delivery.
Mid-COVID, the bull case for rates is even more about plunging newbuild orders than before.
There will be a lot fewer vessels on the water in 2021, 2022 and beyond than previously thought.
New data provided to FreightWaves confirms that 2020 is shaping up to be an exceptionally weak year for...

https://mfame.guru/global-newbuild-orders-crumble-amid-rising-economic-setback/

Victorian restrictions: beginning of the end of an efficient supply chain

7 August 2020

Victoria is extensively locking-down its population and its economic activity, particularly in Melbourne, to combat a sustained surge in COVID-19 transmission.

Commenting on the changes, Shipping Australia CEO Rod Nairn said: “Changes to Stage Four restrictions impacting on the warehousing sector late in the evening of Friday 7 August 2020 may have significant negative impacts on the international logistics sector.

“Warehouses will be required to reduce their staff levels by a third which will...

https://shippingaustralia.com.au/victorian-restrictions-beginning-of-the-end-of-an-efficient-supply-chain/

Shipping Australia welcomes port visit cost-relief measures and calls on others to follow suit

8 May 2020

Pictured: a generic image of a small containership. Photo: Hectorgalarza from Pixabay.

The Port of Brisbane and Port Phillip Sea Pilots have truly shown they value their shipping line customers in this unprecedented COVID-19 crisis. The Port of Brisbane has frozen prices until 30 June 2021, and Port Phillip Sea Pilots have cut pilotage rates by 10 per cent.

Shipping Australia commends and thanks Port of Brisbane and Port Phillip Sea Pilots for their support of shipping lines during these...

https://shippingaustralia.com.au/shipping-australia-welcomes-port-visit-cost-relief-measures-and-calls-on-others-to-follow-suit/