Home / Editorial

Editorial

Editorial: Seafarer Wellbeing

Chennai, 20 Nov 2022: Seafarer wellbeing is a focal topic for Standard Club, and we are always exploring different methods and partnerships to raise awareness, do more to support seafarers, and foster a safer shipping industry. Fortunately, this sentiment is shared by the wider industry and as we come close …

Read More »

Editorial: “Midshipmen X”

Chennai, 23 Nov 2022: Maersk’s U.S. subsidiary Maersk Line Limited and one of two cadets that sued the company after reporting they had been sexually assaulted at sea settled a high-profile lawsuit. The case, which was originally known simply as “Midshipmen X,” renewed broader attention to the charges of sexual …

Read More »

Editorial: Inflation Stalks Vessel Opex

Chennai, 16 Nov 2022: Vessel operating cost inflation has accelerated in 2022 on mounting worldwide macroeconomic price pressures, despite some receding of Covid-19 related costs, according to the latest Ship Operating Costs Annual Review and Forecast 2022/23 report published by global shipping consultancy Drewry Drewry estimates that average daily operating …

Read More »

Editorial: Dark Clouds on the Horizon

Chennai, 9 Nov 2022: Danish shipping giant Maersk, widely seen as a barometer for global trade, cut its forecasts for container demand this year and predicted that the global economy could enter a recession. Maersk now expects global container demand to fall by between 2% and 4% this year and …

Read More »

Editorial: Gender Discrimination at Sea

Chennai, 2 Nov 2022: Today, women represent only 1.2% percent of the global seafarer workforce as per the BIMCO/ICS 2021 Seafarer Workforce Report. This represents a positive trend in gender balance, with the report estimating 24,059 women serving as seafarers, which is a 45.8% increase compared with the 2015 report. …

Read More »

Editorial: Global Cost-of-Living Crisis

Chennai, 19 Oct 2022: The perfect storm of crises hitting the world has strong trade dimensions, hence trade solutions must be at the heart of global efforts to respond to the challenges, UNCTAD Secretary-General Rebeca Grynspan said on 13 October. The combined effects of the COVID-19 pandemic, the climate emergency …

Read More »

Editorial: Global Outlook Turns Negative

Chennai, 12 Oct 2022: Moody’s Investors Service has revised the outlook for the global shipping industry to negative from stable.In a report titled “Shipping — Global: Outlook turns negative as earnings peak, macroeconomic environment worsen” released on Thursday (Oct 6), the firm said the industry’s aggregate earnings before interest, tax, …

Read More »

Editorial: Global Food Price Shock

Chennai, 5 Oct 2022: The war in Ukraine is contributing to a food price shock around the world, especially in low-income nations that are most vulnerable to rising prices, according to the International Monetary Fund. The war is one of many crises which have reduced food production and increased prices …

Read More »

Editorial: Centre in a Bind

Chennai, 28 Sept 2022: Tamil Nadu Chief Minister M K Stalin has fired a fresh salvo against the Union government’s new draft Indian Ports Bill, which he felt would stifle the State-specific initiatives and choke their growth, and firmly told Prime Minister Narendra Modi to drop moves to “impose a …

Read More »

Editorial: Is a global Recession Imminent?

Chennai, 21 Sept 2022: Since the beginning of the year, a rapid deterioration of growth prospects coupled with rising inflation and tightening financing conditions has ignited a debate about the possibility of a global recession—a contraction in global per capita GDP. Drawing on insights gained from previous global recessions, this …

Read More »

Editorial: Shipping Must Not Work in Silos

Chennai, 14 Sept 2022: The shipping industry must co-operate with other sectors to influence decisions that will fundamentally affect shipping, according to ICS. In his keynote address at the opening of SMM 2022, ICS Secretary General Guy Platten said that shipping uses around 4% of global oil production and will …

Read More »

Editorial: A Utopian Vision

Chennai, 7 Sept 2022: When it comes to autonomous shipping, grandiose visions of fully unmanned vessels sailing the world’s oceans and ports are often painted. However, the truth is there are still a host of hurdles to be jumped before we can reach that utopian vision. According to a recent …

Read More »

Editorial: Fishing in the Same Pond

Chennai, 31 Aug 2022: There is a palpable supply-side shortfall in maritime recruitment, particularly in commercial and operational roles. As a result, shipping companies are frequently forced to exceed their recruitment budgets to attract new talent at above-market levels. The job market is still suffering from the effects of the …

Read More »

Editorial: ‘Open Wallets’ and ‘Hearts’

Chennai, 24 August 2022: UN Secretary-General António Guterres has called for wealthier countries to help developing nations purchase Ukrainian grain as supplies begin returning to global markets, in an appeal from the Black Sea port of Odesa on 19 August. The Odesa port had been paralyzed for months due to …

Read More »

Editorial: Heading for a Rebound 

Chennai, 17 August 2022: The dry bulk market could be heading for a revival moving forwards. In its latest weekly report, shipbroker Allied Shipbroking said that “one month into the 2nd half of the year, and we still see an ongoing debate as to the state of the global economy …

Read More »