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During the pandemic retail sales and personal savings have been increasing in tandem and supported US consumer demand for imports from the Far East. Now, retail sales appear to be receding and the question is whether the past two years’ savings will be enough to support continued high import volumes as consumer sentiment is dropping and the war in Ukraine continues.
As the shipping sector strives for efficiency, BIMCO has provided input at the International Maritime Organisation (IMO) in a bid to facilitate the harmonisation of data ahead of the April 2019 deadline when new mandatory requirements come into force for automated ship reporting.
Vessels heading for Douala, Cameroon now will have protection in the form of army security team provided by the port authorities for their safety.
Recognising the growing importance of maritime digitalisation and that exchanging data – administrative as well as business related – is a competitive factor for the shipping industry, BIMCO is establishing a network to support members on maritime digitalisation.
At MEPC 78 (the IMO’s Marine Environment Protection Committee’s 78th meeting), the IMO approved a proposal to designate the Mediterranean Sea as a Particularly Sensitive Sea Area (PSSA) - in other words an area that needs special protection.
As reported some years ago under the heading "Ukraine Ballast Water Problems in Ports" this still seems to be a problematic issue as BIMCO has received an update from the the Japan Ship Owners' Mutual Protection & Indemnity Association.
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