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Far from being the traditionally quieter summer / monsoon months, July and August have passed with marginally weaker, albeit (still) record numbers above USD 600/Ton and deals still being concluded, particularly in the beleaguered tanker and offshore sectors! The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Join BIMCO's Peter Sand and Jakob P. Larsen as well as other experts from across the shipping and trade industry to look through the looking glass and consider the key issues likely to impact the sector over the next ten years.
BIMCO provides weekly updates to members about COVID-19 implementation measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the International Maritime Organization (IMO), World Health Organization (WHO) and International Labour Organization (ILO). This BIMCO update is for the week ending Friday, 27 August 2021.
A continued downward trend in Somali piracy has prompted leading shipping organisations to reduce the geographic boundaries of the ‘High Risk Area’ (HRA) for piracy in the Indian Ocean, which will apply from 1 September 2021.
Launched today, the new Seafarer Workforce Report from BIMCO and the International Chamber of Shipping warns that the industry must significantly increase training and recruitment levels if it is to avoid a serious shortage in the total supply of officers by 2026. Given the growing demand for STCW certified officers, the Report predicts that there will be a need for an additional 89,510 officers by 2026 to operate the world merchant fleet. The report estimates that 1.89 million seafarers currently serve the world merchant fleet, operating over 74,000 vessels around the globe.
In a report published 9 June 2021, the United Nations Office on Drugs & Crime (UNODC) provides an interesting view into on the piracy problem emanating from the Niger Delta, and explains in detail why there is an urgent need for international cooperation to change the situation.