26 march 2020

COVID-19: What the media is saying today


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ISSUE NO. 9

PUBLISHED ON 26/03/2020


Crew Changes

Shipping Watch

Shipmanagement company urges seafarers to stay home

According to German shipmanagement company Danica, crew changes should be suspended indefinitely due to the coronavirus. This goes against what others in the industry have said as well as the efforts already in the works by international shipping association ICS.

Shipping Industry Developments

Splash 247

Indian ports declare force majeure

Several major Indian ports, including those operated by Adani Ports, the country’s largest private port operator, have declared force majeure as the country started a three-week lockdown in an attempt to contain the spread of the coronavirus.

Lloyd’s List

Coronavirus and shipping briefing: Tanker rates collapse while the outlook weakens for containers

Tanker rates are falling dramatically as the coronavirus-led drop off in demand outweighs the oil price war. Elsewhere, crew change restrictions are slowly being lifted in China, but national lockdowns are causing concern for seafarers in other parts of the world. As regards the containers sector, the outlook is becoming increasingly pessimistic …

TradeWinds

Coronavirus drives classification society revolution as digital technology comes into its own

Increased use of remote survey techniques will continue even after crisis passes. The wider and more frequent use of remote ship safety inspection to help shipowners meet statutory flag and class certification requirements during the coronavirus crisis look …

Splash 247

Three American carriers seek emergency tie-up

Three American lines are seeking an emergency tie-up to cope with the supply chain fallout brought about by the spread of coronavirus. Crowley Liner Services, King Ocean Services and Seaboard Marine who have service networks focused on the US Gulf, Central America and the Caribbean Basin have filed an application to implement an Emergency Cooperative Working Agreement with the United States’ Federal Maritime Commission (FMC).

Lloyd’s List

Coronavirus will see shipping litigation spike, HFW warns

The coronavirus pandemic is likely to generate an enormous amount of arbitration and litigation in the maritime sector, according to the head of one of the world’s largest shipping law practices, with new instructions coming in at the rate of around one an hour at its London office alone

TradeWinds

London may be in lockdown, but shipping must not lose its soul

As the chaos caused by the coronavirus seeps into every maritime sector, we must remember those on the front line. The decision by credit ratings agency Moody’s to downgrade the whole shipping industry from “stable” to “negative” is..

General update on COVID-19

Upstream

Oil retreats on prospect of dwindling demand

Oil demand anticipated to contract by more than 14 million bpd in the second quarter. Oil prices slipped on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes that a …

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. TBA

·       Offshore Technology Conference: POSTPONED. TBA

·       ITS 2020: CANCELLED

·       TPM20: CANCELLED

·       Sea Japan: CANCELLED

 

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