Container shipping firms brace for Coronavirus hit to trade
Leading container shipping firm Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy…
US seaports fight to stay open amid unfolding COVID-19 crisis
Shipping lines have canceled 20 voyages to the Port of Oakland, one of the 10 busiest container seaports in the , between February and April 2020, the port informed. The…
BIMCO revises 2020 forecast for main shipping markets
The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the full consequences. Nevertheless, we see a need…
Coronavirus outbreak threatens over 25m jobs, says ILO
The coronavirus pandemic could trigger a global economic crisis destroying up to 25 million jobs around the world if governments do not act fast to shield workers from the impact,…
COVID-19 Virus: IMO headquarters closed …As IMF urges coordinated, proportionate response to virus
IMO headquarters, London The International Maritime Organisation IMO headquarters building is closed to visitors and members of staff, on Thursday 12 and Friday 13 March, as a precautionary measure due…
Bashir Jamoh: My dream for Nigeria’s maritime industry
Dr. Jamoh Dr. Bashir Yusuf Jamoh was Thursday last week appointed Director General, the Nigerian Maritime Administration and Safety Agency NIMASA by President Muhammadu Buhari. He granted this interview sometime…
Global economy faces gravest threat over spread of coronavirus …As oil traders, financial investors anticipate severe slowdown
The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis, according to the OECD’s latest Interim Economic Outlook. Meanwhile, Oil traders and other financial investors…
Enforcing IMO 2020 sulphur limit: Verifying sulphur content of fuel on board
IMO 2020, the per cent limit of sulphur in ships’ fuel oil, has been in effect since 1 January 2020, cutting sulphur oxide emissions from ships operating worldwide. From 1…
Ghost Ship Washes Ashore in Ireland
A vessel without a single soul on board ran aground near Ballycotton, Cork in Ireland, the Irish Coast Guard informed on Sunday, February 16. The ship has been identified as…
U.S.-China Trade War Reshaped Global Commerce
The two-year trade war between the and China upended commerce world-wide, slamming the brakes on global trade growth — but also delivering modest benefits to a handful of industries and…
