BIMCO would like to encourage states and the industry to start a dialogue on how to create a global ruleset for market-based measures (MBM) to support the use of low carbon fuels and to create a level playing field for the industry.
2021 is shaping up to be a golden age for container ship operators, with January’s substantial rise in long-term contracted rates being “blown out the water” by developments in February.
Reducing restrictions on maritime trade could lead to GDP gains of up to 3.4% for national economies, says International Chamber of Shipping.
Without shipping, life would be different. We would have limited access to a lot of the food we consume, pharmaceuticals, clothes, and consumer goods, as around 90 percent of world trade is transported by ship.
The impact of COVID-19 will continue even as we enter 2021, and we still cannot deny that cargo trade will sink into a double-dip recession until the beginning of spring.
There is no doubt that 2020 has been a turbulent year for commercial shipping. The coronavirus pandemic has shaken the global maritime transport.
At a rate of eight percent, the decline in seaborne cargo in Germany’s largest universal port lessened considerably in the third quarter compared to the second.
The leaders of the major shipping bodies met virtually to discuss the most pressing issues facing the industry as we move into 2021.