OECD

Maritime Industry Players Have a Role to Play in Leveraging Technology to Address Environmental Challenges in the Sector

OceanPride

As the global community observed World Oceans Day this week, the sustainability of marine life and the future viability of the ocean economy has been bought into sharp focus. The industry continues to be beset by the degradation of the marine life, which is further exacerbated by the outbreak of the coronavirus.

Without a doubt, the ocean is vital to the world’s economy – it is a source of food, medicines, energy and jobs for millions of people around the world. According to the Organisation for...

http://www.sashippingnews.com/2020/06/18/maritime-industry-players-have-a-role-to-play-in-leveraging-technology-to-address-environmental-challenges-in-the-sector/

Boxship Inactivity Leads To Increase in Charter Activity

  • Inactive boxship has peaked, and there has been a sudden uptick in chartering activity.
  • It has decreased by 110,000 teu to 521 ships totalling 2.61m teu.
  • This downward trend will continue in the foreseeable future.
  • Carriers progressively resume suspended services and reinstate selected sailings initially planned to be blanked.
  • Demand for VLCS units of 7,500 teu and over entirely vanished at the peak of the COVID-19 crisis.

According to an article published in Splash 247 and authored by Sam...

https://mfame.guru/boxship-inactivity-leads-to-increase-in-charter-activity/

OECD warns failure to contain Covid-19 could slash growth

The Paris-based Organization of Economic Co-operation and Development (OECD) has issued a warning to governments that a failure to contain the Covid-19 virus could see global growth slashed by up to 1.5% on an already low 2.9% for 2019.

According to the OECD analysis rapid government action is needed in key G20 economies to prevent the virus crisis from extending beyond the first quarter.

“A longer lasting and more intensive coronavirus outbreak, spreading widely throughout the Asia Pacific...

https://container-news.com/oecd-warns-failure-to-contain-covid-19-could-slash-growth/

IEA: CO2 emissions from fuel combustion reach new heights

After three years of stability, global CO2 emissions from fuel combustion started rising again in 2017, reaching 32.8 billion tons, according to data provided by IEA in late 2019.

Provisional data show they grew even faster in 2018, with robust economic growth and the slowdown in renewables penetration more than offsetting some improvement in energy productivity.

As has been the case for the last several years, growth in 2017 and 2018 was largely due to non-OECD countries, mainly South-East Asia...

https://safety4sea.com/iea-co2-emissions-from-fuel-combustion-reach-new-heights/

Asia tops child labour, human trafficking in global supply chains, report finds

A new report by OECD, ILO, IOM and UNICEF provides first ever estimates by international organizations of child labour and trafficking for forced labour in global supply chains. The report finds the estimated share of total child labour in global supply chains ranges from 9% in Northern Africa and Western Asia to 26% in Eastern and South-eastern Asia.

The results show that, while child labour is considerably more common in production for the domestic economy, there is also a non-negligible risk...

https://safety4sea.com/asia-tops-child-labour-human-trafficking-in-global-supply-chains-report-finds/

OECD calls for reform of ‘ineffective’ maritime subsidies

Maritime subsidies issued by some of the largest economies to the shipping industry have had a limited impact, according to new research from the OECD, which argues that they need to be reformed.
A new report released today, Maritime Subsidies – do they provide value for money? from the OECD-backed International Transport Forum and authored by maritime economist Olaf Merk, investigated the impact of the three main types of government subsidies …

The post OECD calls for reform of ‘ineffective’...

https://theloadstar.com/oecd-calls-for-reform-of-ineffective-maritime-subsidies/

Shippers should be ‘careful what they wish for’ on block exemption regulations

Shippers should think twice about lobbying the EU to lift the block exemption regulation (BER) for liner shipping, it was claimed yesterday.
Wading into the recent war of words between shippers and carriers, speakers at the TOC Asia Container Supply Chain conference in Singapore suggested removing the BER would yield no benefit to cargo owners.
“There was a lot of heated discussions at the recent OECD meeting in Paris,” revealed Sea-Intelligence chief …

The post Shippers should be ‘careful what...

https://theloadstar.com/shippers-should-be-careful-what-they-wish-for-on-block-exemption-regulations/

No more treaty shopping?

No more treaty shopping?

Many global shipping companies face increased tax bills following coordinated international anti-avoidance measures. These will restrict companies’ potential for ‘treaty shopping’ – benefiting from tax relief available under double tax treaties without real commercial justification.

Sue Bill

The measures stem from the OECD’s Base Erosion and Profit Shifting (BEPS) initiative to combat tax avoidance.

Countries are signing up to a multilateral convention – known as the...

http://www.allaboutshipping.co.uk/2019/03/26/no-more-treaty-shopping/

Shipowners Energy Management Strategy

  • BIMCO with CE Delft has made a proposal about the fourth IMO GHG Study.
  • IPCC and SSP scenarios project considerably higher and unrealistic short- to mid-term economic growth than current economic trends and OECD projections.
  •  250% increase in CO2 emissions from shipping has since proven to be totally unrealistic when compared with the actual and projected economic development of the world.
  • The revised calculation includes recent OECD GDP projections and based on GDP growth scenario, the...

http://mfame.guru/shipowners-energy-management-strategy/

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