World Bank says global economy to plunge into deepest recession post-COVID since Great Depression
The world is experiencing one of the deepest recessions since the Great Depression in the 1930s owing to the novel coronavirus, World Bank President David Malpass has said, terming the…
Shipping demand recovering but COVID to have long-term effect -Hapag-Lloyd
Shipping demand recovering but COVID to have long-term effect -Hapag-Lloyd German container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive warned about the…
Global cooperation necessary to digitalise shipping industry, enhance global trade
Digitalising the shipping industry can enhance global trade, but it will require stakeholders around the world to cooperate, said Senior Minister of State for Transport and Foreign Affairs Chee Hong…
Global economy will shrink by over 4% in 2020- Ifo
Economic experts predict that the coronavirus pandemic will result in a cent contraction in the global economy in 2020. Germany’s Ifo Institute and the EconPol Europe research network polled 950…
OPEC projects global oil demand to peak around 2040, as pandemic lowers growth
OPEC has for the first time forecast the peak in global demand, estimating that the world’s thirst for oil will stop growing in about 20 years. With the coronavirus pandemic…
Global Maritime Issues Monitor 2020: Global economic crisis tops decision makers’ concerns …As climate, environment top agenda despite COVID-19
Maritime decision makers deem a global economic crisis as the issue that can have the greatest impact on the industry in the next ten years, reveals the Global Maritime Issues…
ICC proposes 3 priorities to revive COVID-hit global economy
Secretary General of International Chamber of Commerce ICC, John Denton AO has outline three priorities for reviving the global economy as quickly and as safely as possible in the COVID-19…
IAPH presents guidelines for LNG-powered vessels during port calls
Bunkering, vessels, LNG,.Rotterdam, The ceremony in The International Association of Ports and Harbors IAPH; which promotes the interest of some 200 ports worldwide has presented guidelines for the safe handling…
Global shipping in crisis: World leaders ignoring S.O.S.
How many more signals do world leaders need to see to believe that global shipping is an industry in meltdown? Between 200,000 and 400,000 seafarers are stranded in vessels around…
Coronavirus ‘worst crisis for seafarers in 200 years’, says international maritime charity
EU says Britain has ‘seriously damaged trust’ with planned law Britain would be committing “an extremely serious violation” of its agreement on withdrawal from the EU if it went ahead…
