Pandemic crisis Archives - Maritime Shipping News

Tokyo MoU Releases Interim Guidance Amid COVID-19 Crisis

6 March 2021

Tokyo MoU has adopted the interim guidance relating to COVID-19 circumstances, in order to protect PSCOs and prevent spread of COVID-19 and for facilitating port State Authorities to apply pragmatic flexibility amid pandemic.

Shipping sector under pandemic crisis

The move is in accordance with a decision made at the 31^st meeting of its PSC Committee, conducted in January 2021 and follows consideration on “the significant impacts to the shipping industry due to the COVID-19 pandemic and the...

https://mfame.guru/tokyo-mou-releases-interim-guidance-amid-covid-19-crisis/

Surging Ocean Cargo Demand Fuels $10b Spree for New Vessels

16 February 2021

Trend to continue as carriers eye replacing older vessels.
Order book rebounds from a more than 30-year low in 2020.

Few of the world’s largest container-shipping lines are ordering new vessels amid surging demand for ocean-cargo services, giving a long-awaited boost to the outlook for shipyards in Asia, report Bloomberg.

Surge in container vessel orders

The number of container ships on order rose by 23 to 201 last week, the biggest weekly gain in two years, according to IHS Markit data compiled...

https://mfame.guru/surging-ocean-cargo-demand-fuels-10b-spree-for-new-vessels/

Crew Mental Health & Wellbeing ‘Take Centre Stage’ Amid Pandemic Crisis

28 December 2020

The mental health of seafarers have taken the ‘centre stage’ with respect to the coronavirus pandemic, reports safety4sea.

Key worker status

The COVID-19 crisis has posed many challenges to the industry stakeholders across the globe, especially to seafarers who are sailing with the ships extending their contracts due to crew change issues as well as to those who stay at their homes and cannot join vessels, facing financial difficulties.

A lot of parties are urging governments to recognize...

https://mfame.guru/crew-mental-health-wellbeing-take-centre-stage-amid-pandemic-crisis/

COVID Vaccine, A Success Story

24 December 2020

Bloomberg reports the historic rise of the pharma industry ever since the pandemic broke out and is now the world’s most loathed industry.

In a Gallup Poll of the public’s view of various business sectors, pharma was ranked at the bottom, behind the oil industry, advertising and public relations, and lawyers.

Pharma: the lifeline industry

Who’d have guessed that a year later pharma would be getting credit for saving the world? From cruise lines to meatpackers, the business will have plenty to...

https://mfame.guru/rise-of-the-worlds-most-loathed-industry-pharmaceuticals/

Oil Refiners Close Plants Over Lost Demand Worries

17 September 2020

Oil refiners shut plants as demand losses may never return.
The pandemic initially cut global fuel demand 30% and refiners temporarily idled plants.
Consumption has not returned to pre-pandemic levels and lower travel may be here to stay, leading to the possibility plants may shut permanently.

Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe following an uncertain prospect for fuel demand recovery after the coronavirus pandemic cut...

https://mfame.guru/oil-refiners-close-plants-over-lost-demand-worries/

Panama Canal Shipping Out From Pandemic Lows

20 August 2020

Panama Canal Shipping rebounds in hopeful sign for global trade.
Total transits through the waterway was 845 in June and rose to 933 in July, while August numbers till date show further improvement.
Containers might recover strongly while cruise liners may not.
Container shipping between the U.S. and Asia, began to increase this month.
Cruise ships continue to cancel their slots.
Feasibility studies for projects worth $2 billion to tap new water sources.

The Panama Canal rebounds in global...

https://mfame.guru/panama-canal-shipping-out-from-pandemic-lows/

Impact of COVID-19 Pandemic on Day-To-Day Life

22 May 2020

Around half of the world’s population is on lockdown in an attempt to stop the spread of COVID-19, a public health emergency.
The pandemic has claimed thousands of lives and sparked fears of the worst global recession since the Great Depression.
This has had a profound impact on the world of work, as well as our mental and physical well-being.
While nobody would choose to go through this crisis, social scientists, management professors and psychologists around the world are watching closely,...

https://mfame.guru/impact-of-covid-19-pandemic-on-day-to-day-life/