Fiscal crises

Algeria pins hopes on oil prices to avert cuts and renewed unrest

The government is offering debt and tax holidays and an $80 cash handout to needy families. "Losses of firms are being assessed. We are ready to provide financial support. Even self-employed people such as taxi drivers and hairdressers will be helped," Tebboune said

After container loss

AMSA detains "APL England" over inadequate lashing arrangements

Singapore - "APL England", a Singapore-flagged 5,780 TEU containership, which lost around 40 containers in heavy weather off Sydney last week, has been detained by the Australian Maritime Safety Authority (AMSA). Inspections of "APL England" have found inadequate lashing arrangements for cargo and heavily corroded securing points for containers on the deck

14 ships are involved

Filipino crew files lawsuit against Royal Caribbean Cruises in Miami

Miami - Filipino crew members on Royal Caribbean Cruises’ Celebrity ships have moved to federal court, demanding immediate repatriation by the company. Ryan Maunes Maglana filed a lawsuit, on behalf of all Filipino crew on Celebrity’s 14 ships, in a federal court in Miami on May 21. He said he and his co-workers have been held against their will without pay for more than two months

The initiative

Panama threatens sanctions for ships disabling positioning signals

Panama City - Panama’s maritime authorities issued a stern warning to all Panamanian flagged vessels seen as another crackdown on common tactics used by ships trying to avoid international restrictions or hide their activities. Panama’s directive follows the United States that recently highlighted the tactics used by illegal shippers and rogue nations

First client: Genting Cruise

DNV GL launches new certification in infection prevention for the maritime industry

Hamburg - DNV GL, the world’s leading classification society, has launched a new certification in infection prevention for the maritime industry. The release of this custom certification aims to help the maritime industry resume operations better prepared for COVID-19 or other emerging pathogens. Genting Cruise Lines is the first customer working towards the CIP-M certification for their vessel “Explorer Dream”

Qatar's strategy

Biggest LNG shipper signs $20 billion deal to secure more vessels

Doha - Qatar has signed a deal worth around $20 billion with South Korean shipbuilders to help cement its position as the world’s largest producer of liquefied natural gas. The Gulf emirate entered into agreements with Daewoo Shipbuilding & Marine Engineering Co., Hyundai Heavy Industries Co. and Samsung Heavy Industries Co

Statistics

China-Europe rail freight services buck falling volumes trend

Duisburg - China-Europe rail freight is bucking the pandemic-wide trend of falling air and ocean volumes, boasting double-digit growth this year. According to China Railway Group, 2,920 trains ran between January and April, carrying 262,000 teu, up 24% year on year. Last month alone, westbound volumes were up 58% and eastbound 29%, totalling 88,000 teu

New service

ZIM to meet eCommerce boom with record US-China service

Haifa - Container shipping line ZIM has launched a dedicated service from South China to Los Angeles US West Coast – Speedy ZIM eCommerce Xpress (ZEX) to cater for the increasing needs of eCommerce customers. In a statement, the carrier said the emphasis on eCommerce was particularly relevant during the COVID-19 pandemic

Statistics

Port of Piraeus sees marginal container volume growth in Q1

Piraeus - Greece’s largest port – Piraeus – saw marginal increase in the number of containers handled in the first quarter of 2020. Despite the great decline in international trade due to COVID-19, Piraeus managed to marginally increase the number of containers handled on an annual basis

Covid

Pandemic forces virtual safety checks for oil tankers

Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as storage

Coronavirus

Virgin Voyages cancels cruises through October 15

Miami - Virgin Voyages, the new adults only cruise line that was originally scheduled to debut this spring, will now sail its first cruise on October 16, 2020. Virgin Voyages has canceled all cruises through October 15, 2020. The cruise line has also rescheduled the Richard’s Birthday Bash sailing for July 14th, 2021

Covid-19

Norwegian Air's lessors including China's BOC take main ownership

BOC Aviation is ultimately owned by the Chinese government, via a series of other companies. The restructuring involves the airline flying just seven aircraft for up to 12 months before a buildup to 110-120 planes in 2022, down from almost 150 aircraft before the crisis

Covid-19

Global CO2 emissions could fall by up to 7% this year amid pandemic

China saw the largest drop in emissions in April, followed by the United States, Europe and India. In the countries with the strictest lockdown restrictions, emissions from aviation plunged 75% in early April, while emissions from land transport fell by 50% and from power generation by 15%

Development

Investment in railways connect dry ports in Africa / FOCUS

Il Cairo - In 1970, many African countries had been independent for barely 10 years and their economic development agenda, which was still in its infancy, included ambitious plans to develop inland ports. These ports were to serve as intermodal nodal points with the aim of achieving a seamless network of railway lines and roads linked to the region’s seaports