27 March 2020

COVID-19: What the media is saying today


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ISSUE NO. 10

PUBLISHED ON 27/03/2020


Crew Changes

TradeWinds

Synergy warns of ‘time bomb’ in crew management amid global lockdown

Shipowners, shipmanagers and ports need to work together on changing crews, according to Synergy CEO Rajesh Unni. Singapore-based shipmanager Synergy Group has warned of a “time bomb” in crewing during the coronavirus pandemic and called for collective crew changes at main trading hubs. With three billion people under lockdown measures globally to contain the Covid-19 outbreak, changing crew has become extremely difficult for the shipping industry.

Shipping Industry Developments

Lloyd’s List

Coronavirus: Maersk seafarers test positive on boxship

The impact of the coronavirus is having a severe effect on the container trades as consumer demand slumps in the US and Europe, and now those working at sea are being hit as well

Splash 247

Owners cancel planned scrubber installations

Reports are emerging of owners cancelling planned scrubber installations in China on account of the narrowing fuel price spread and the grim trade outlook brought about by the spread of coronavirus.

Lloyd’s List

Coronavirus: Paris MOU relaxes rules as UK suspends port state control

The Paris Memorandum of Understanding on Port State Control responds to the coronavirus pandemic by temporarily relaxing rules on vessel and seafarer certification, handing member states discretion on whether to conduct hitherto obligatory inspections

TradeWinds

Owners fear vessels will be snubbed as vetting licences expire

Shipowners and operators of tankers and LNG carriers are seeing the validity of their ship inspection reports expire as the free movement of ship inspectors becomes increasingly limited with the accelerating spread of coronavirus.

Seatrade Maritime News

Container lines cut Asia vessel capacity 23% – Ocean Insights

Container lines reduced vessel capacity in the Asia trades by some 23% between mid-January and mid-March this year as smaller vessels were deployed according Ocean Insights (OI). Looking at the impact of the COVID-19 pandemic on the container shipping market OI said that lines had responded by replacing larger volume vessels with smaller ones, in particular on the Asia trades.

Other updates on COVID-19

Lloyd’s List

Thailand seen grabbing cheap, distressed LNG cargoes

State-owned PTT has purchased about a dozen LNG cargoes from the spot market as prices for the super-cooled fuel tumbled to multi-year lows, according to LLI data and a news report. PTT also looks likely to pick up further cargoes diverted from India as the world’s second most populous country has headed into a three-week lockdown. The coronavirus outbreak has opened up a window of opportunity for Thailand to import cheap LNG cargoes sourced from  the spot market

Upstream

Australia welcomes recommendations for industry recovery after coronavirus

Oil and gas sector has long called for better regulatory frameworks. Australia’s oil and gas sector will be able to operate more efficiently and help with the nation’s economic recovery following new recommendations from a draft Productivity Commission report into the resources

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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