1 April 2020

COVID-19: What the media is saying today


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ISSUE NO. 13

PUBLISHED ON 01/04/2020


Shipping Industry Developments

Lloyd’s List

Financiers split on how virus is undermining ship finance

Online conference hears senior bankers say that shipping is better prepared to withstand coronavirus crisis than the 2008 meltdown, but some say that funding costs have shot up and some transactions are in danger of crumbling

Lloyd’s List

Coronavirus: IMO calls for improved treatment of crews

The International Maritime Organization recommends that governments ‘permit professional seafarers and marine personnel to disembark ships in port and transit through their territory (i.e. to an airport) for the purposes of crew changes and repatriation’

Shipping Watch

Corona crisis works against shipping’s climate plans

The IMO’s climate plan could be pressed for time due to the coronavirus outbreak, which has so far pushed back important meetings with no new dates set. And there are also fears that the proponents working for eased regulations will use the crisis to postpone deadlines.

Splash 247

MSC introduces new flexible cargo service to fight congestion risks

Mediterranean Shipping Company (MSC) has introduced a new flexible cargo service to help fulfil the imminent resumption of demand from Asia and ensure service continuity. According to MSC, the new Suspension of Transit (SOT) programme is part of its ongoing response to the impact of Covid-19 and is focused in particular on a resumption of demand of a wide variety of goods from Asia, includes container yard storage in six transhipment hubs across Asia, the Middle East, Europe and the Americas, ensuring that goods can be shipped close to their destinations as soon as possible and providing easier cargo flow for customers.

Other updates on COVID-19

Upstream

‘Unpredictable year’ for gas with heavy pressure on US producers – WoodMac

Consultancy says sustained low oil prices could support coal-to-gas switch in power sector in European and Asian markets. The gas sector is facing an “unpredictable year” amid impacts from the Covid-19 crisis, the oil price crash and a…

Financial Times

Tobacco makers join race to develop Covid-19 vaccine

The maker of Lucky Strike and Camel cigarettes has entered the fray of companies trying to develop a vaccine against Covid-19, hoping to produce up to 3m doses a week in two months’ time.

EVENTS CANCELLED OR POSTPONED

·       NAVEXPO: POSTPONED to 17 Jun – 19 Jun 2020

·       CMA Shipping : POSTPONED to 29 Jun – 1 Jul 2020

·       Marine Money Hong Kong: POSTPONED to 3 Sep 2020

·       Asia Pacific Maritime: POSTPONED to 30 Sep – 2 Oct 2020

·       Posidonia: POSTPONED to 26 Oct – 30 Oct 2020

·       Singapore Maritime Technology Conference: POSTPONED to 21 – 23 Apr 2021

·       TOC Asia: POSTPONED to 20 – 21 Apr 2021

·       Singapore Maritime Week : POSTPONED. TBA

·       Seatrade Cruise Global: POSTPONED to 12 – 15 April 2021

·       Offshore Technology Conference: POSTPONED. TBA

·       ITS 2020: CANCELLED

·       TPM20: CANCELLED

·       Sea Japan: CANCELLED

 

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