BIMCO Bulletin

BIMCO - Bulletin September 2020

CONTENTS September 2020 Rapidly shifting landscape for crew change causes alarm Decoupling of world trade and emissions is a reality for shipping Crew change progress has been slow despite a concerted effort from the maritime community. Now, recurring spikes in COVID-19 infections are leading national authorities to alter their stance on crew changes virtually overnight, leaving ship operators and crew in limbo. At the launch of the Fourth International Maritime Organizations Greenhouse Gas Study, eyes rested primarily on the fact that CO2 emissions from the shipping industry rose between 2012 and 2018. The focus on this six-year period diverted attention from what should not have been missed the year 2009. The Executive Interview New OECD tax proposals could cost the shipping industry millions Shipping industry should brace for underwater regulation Safety Extensive activities are taking place at The Organisation for Economic Co-operation and Development (OECD) that have the potential to impose hundreds of millions, if not billions, of dollars of new taxes on the international liner shipping industry and possibly other areas of shipping. The worlds seas and oceans are becoming noisier, with little doubt that low levels of continuous noise can seriously impact the health of marine species. There is currently no mandatory international regulation on ocean noise, but this may be about to change. Bjrn Hjgaard: governments will act when supermarket shelves are empty In each issue, the Bulletin interviews a shipping executive. In this edition, Bjrn Hjgaard, CEO of Anglo-Eastern Univan Group in Hong Kong, talks about how he fears the dominos will start to fall if governments do not take the crew change crisis seriously, and how COVID-19 testing can help solve the crisis. Foreword Practical solutions for extraordinary times from David Loosley, Secretary General & CEO at BIMCO BIMCO BIMCO news A year in Athens: BIMCO sees scope for expanding training and seminars in Greece New BIMCO members Bjrn Hjgaard: governments will act when supermarket shelves are empty Rapidly shifting landscape for crew change causes alarm Environment Decoupling of world trade and emissions is a reality for shipping Green carrots, green sticks: how shipping is being pushed into the hydrogen economy Market analysis from Peter Sand & Emily Stausbll Read the latest assessment from BIMCOs shipping analysts on: Macroeconomics Tanker shipping Container shipping Dry bulk shipping The IMO 2020 sulphur cap transition slow but steady Technology and efficiency MASS has weight, but is it too broad? Pandemic accelerates adoption of digital technology Regulation New OECD tax proposals could cost the shipping industry millions Shipping industry should brace for underwater regulation The IMO 2020 sulphur cap transition slow but steady Operators transitioning to lowsulphur fuels to meet the IMO Global Sulphur Cap have faced a sharp learning curve to overcome numerous technical issues. While there has been teething issues and problems, only few high-profile incidents have been experienced during the industry-wide transition. Market analysis BIMCOs Shipping Market Analysts share their assessment and outlook on the macro economy, bulk, tanker and container markets. Support & Advice Support & Advice: Free pratique a thing of the past? Did you know that you can read the Bulletin on your tablet? Download the app: Published by BIMCO Bagsvaerdvej 161, 2880 Bagsvaerd, Denmark. Telephone: +45 4436 6800. pr@bimco.org Secretary General & CEO: David Loosley 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