BIMCO Bulletin

BIMCO - Bulletin June 2020

CONTENTS June 2020 oto ph ICS: governments hold the keys to crew change Jan Rindbo: a long road to recovery for shipping post-Covid-19 In each issue, the Bulletin interviews a shipping executive. In this edition, Jan Rindbo, CEO of Dampskibsselskabet Norden, talks about the effect the pandemic is likely to have on the shipping industry in the future and the urgent challenges such as crew change that are currently building up. As the Covid-19 outbreak spreads across the world, growing numbers of seafarers are unable to sign on or off as crew change becomes restricted, and for many, impossible. According to Guy Platten, Secretary General of ICS, it is now up to governments to make crew change possible and keep supply chains open. United for Wildlife: Covid-19 causes drop in wildlife trafficking Over the past 50 years, the world has lost some 60% of its wildlife. Now, an unexpected ally has emerged: Covid-19. The worldwide shutdown caused by the pandemic has resulted in a cooling demand for wildlife and a subsequent reduction in the illegal transportation of endangered species by sea and air, says the United for Wildlife Taskforces. Foreword Hard times and tough times to come from Angus Frew, Secretary General & CEO at BIMCO BIMCO BIMCO news New BIMCO members The Executive Interview Lay-ups reaching 2009 levels as owners lose faith in swift recovery Trade war: Phase One agreement failing to give shipping a boost Safety The number of ships heading for lay-up is rising, as the Covid-19 crisis continues to depress production, consumer spending, economies and world trade. The rise in enquiries for placing ships in lay-up reflects shipowners expectations that the market is unlikely to recover any time soon. When the Phase One agreement to ease the trade war between the US and China was signed on 15 January, it sparked hope of a muchneeded boost to shipping markets on the long journey between the two countries. But, as figures for early 2020 emerge, it is becoming clear that the agreement is not working and adjustments are needed. Jan Rindbo: a long road to recovery for shipping post-Covid-19 ICS: governments hold the keys to crew change Covid-19: good for digitalisation, tough on crew Economy Lay-ups reaching 2009 levels as owners lose faith in swift recovery Trade war: Phase One agreement failing to give shipping a boost Environment United for Wildlife: Covid-19 causes drop in wildlife trafficking MSC scrutinises bookings, shares information to help combat wildlife trafficking Falling foul of biofouling Market analysis from Peter Sand & Emily Stausbll Read the latest assessment from BIMCOs shipping analysts on: Macroeconomics Tanker shipping Container shipping Dry bulk shipping Shipowners urged to rethink strategies as Covid-19 disrupts BWMS plans Technology and efficiency Dont tell captains and chief engineers what to do. Nudge them Regulation Shipowners urged to rethink strategies as Covid-19 disrupts BWMS plans Support & Advice The number of compliant ballast water management systems (BWMS) on the market will fall sharply from 28 October 2020. Shipowners are strongly encouraged to scrutinise their installation and retrofitting plans as the urgency of the situation has been exacerbated by the disruption of retrofits caused by Covid-19. Market analysis BIMCOs Shipping Market Analysts share their assessment and outlook on the macro economy, bulk, tanker and container markets. Did you know that you can read the Bulletin on your tablet? Download the app: Support & Advice: Know your business partner Published by BIMCO Bagsvaerdvej 161, 2880 Bagsvaerd, Denmark. Telephone: +45 4436 6800. pr@bimco.org Secretary General & CEO: Angus R. Frew Editor in Chief: Rasmus Nord Jrgensen Editor: Mette Kronholm Frnde Graphic artist: Michelle Meyhoff Articles do not necessarily reflect the views or policy of BIMCO. Copyright No article may be reproduced by any means in whole or in part without the written permission of BIMCO. Google Play and the Google Play logo are trademarks of Google LLC. Apple, the Apple logo, iPhone, and iPad are trademarks of Apple Inc., registered in the U.S. and other countries and regions. App Store is a service mark of Apple Inc. Connect with BIMCO Facebook Twitter Linkedin YouTube