20 MAR 2020 A pandemic-driven global recession is becoming more likely by the day as the flow of goods, services and people face ever-increasing restrictions and financial markets slump. In just the past day or so, President Donald Trump curbed travel to the U.S. from Europe, Italy’s government ordered almost every shop …
Read More »EXPLOSIVE GROWTH IN CHINESE TRADE EXPECTED AFTER CORONAVIRUS
19 MAR 2020 An editorial appearing in China Daily states that after the Coronavirus epidemic is curbed, the consumption that has been constrained will be rapidly released, and there will be explosive growth in imports and exports. Liu Ying, a researcher at Chongyang Institute for Financial Studies, Renmin University of …
Read More »BAWAT’S BALLAST WATER SYSTEM AWARDED U.S. COAST GUARD TYPE APPROVAL
18 MAR 2020 One of the easiest to use and most cost-effective ballast water treatment systems has been awarded Type Approval by the U.S. Coast Guard. The system, from Danish company Bawat, is the only treatment system available to shipowners that relies on heat pasteurization to kill off potentially dangerous …
Read More »THE BELT AND REBRANDING INITIATIVE
17 MAR 2020 China’s Belt and Road initiative (BRI) continues to defy simple explanations. Initially used as a means to promote and frame the country’s key foreign policy initiatives, it has now morphed into somewhat of an umbrella term for all sorts of Chinese overseas activities. Is this development evidence …
Read More »SIPRI: SAUDI ARABIA IS WORLD’S LARGEST ARMS IMPORTER
16 MAR 2020 International transfers of major arms during the five-year period 2015–19 increased by 5.5 percent compared with 2010–14, according to new data from the Stockholm International Peace Research Institute (SIPRI). The largest exporters of arms during the past five years were the U.S., Russia, France, Germany and China, …
Read More »PIRATE ATTACKS INCREASE IN INDIA
15 mar 2020 The ReCAAP ISC has released its February report noting there has been an increase in incidents in India. 10 incidents of armed robbery against ships were reported in Asia in February. Four of these incidents were reported in India, and one further incident in India occurred in …
Read More »GETTING PROACTIVE ON THE BIOFOULING PROBLEM
15 MAR 2020 Biofouling is, or should be seen as, public enemy number one when it comes to impacting on marine ecosystems and handicapping vessel performance worldwide. However, given that cleaning practices can be as invidious as the fouling itself, and no silver bullet solution exists, the industry faces a …
Read More »TOWING ACCIDENT: PILOT HAD INCOMPLETE UNDERSTANDING OF THE CURRENT
14 MAR 2020 The U.S. National Transportation Safety Board (NTSB) has released a Marine Accident Brief about the March 10, 2019 accident involving the towing vessel Rivers Wilson, which was pushing six loaded barges, when it contacted the Norfolk Southern railway bridge near Jackson, Alabama. The NTSB determined that the probable …
Read More »SEA TRIALS BEGIN FOR ARTIFICIAL INTELLIGENCE “CAPTAIN”
13 MAR 2020 IBM and marine research organization Promare have announced that a new artificial intelligence captain (AI Captain) will enable the Mayflower autonomous ship to self-navigate across the Atlantic later this year. With the three hulls of the trimaran Mayflower currently reaching the final phase of construction in Gdansk, Poland, a prototype of …
Read More »ALLIANZ: CORONAVIRUS IS WORSE FOR COMMERCE THAN U.S.-CHINA TRADE WAR
10 MAR 2020 In a research note published Thursday, an economist at leading European insurer Allianz SE predicted that the impact of the novel coronavirus on global commerce will be greater than that from the U.S.-China trade war. “We estimate that losses of trade in goods and services could amount …
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