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The shipping of soya beans from the US to China is one of the most significant ‘one commodity’ cargoes that may become affected by the trade war between the US and China.
Before the coronavirus outbreak, shipping was already facing headwinds, including those caused by the trade war which has lowered volumes and changed trade patterns, both interesting developments which will continue into the future even as the world adjusts to the new reality.
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.
The trade war adds painful uncertainty for the shipping industry, as it distorts the free flow of goods, changes trade lanes and makes it difficult for ship operators and owners to position their ships efficiently in the market.
To mark the International Day of the Seafarer we are holding this 15+15 webinar to shed light on that psychological safety can reduce risks and accidents in the shipping industry. Charles Watkins, CEO and Maritime Clinical Psychologist at Mental Health Support Solutions will touch upon psychological safety linking it to the reduction of risk and accidents. Leadership and a blame-free environment can improve recognition of potential dangers before they occur. Elements of psychological safety, like caring and transparency, can improve safety culture.
Recent reports of a rise in fuel contamination cases have increased the industry’s concerns over quality and safety of blended fuels as 2020 approaches. And for a good reason. A spike in demand for new low sulphur blends from 1 January 2020 will greatly increase the risk of contamination. Lars Robert Pedersen, Deputy Secretary General of BIMCO calls for bunker states to take responsibility.