The role of maritime transport is more important than ever in supporting the resilience of national economies during the current crisis. Below current issues paint a picture of the status quo and how we at ICS are supporting our members and our seafarers, who have been heavily affected by the pandemic, COVID-19 related restrictions leaving 400,000 seafarers stranded at sea.
We have also included efforts to decarbonise shipping, including the ongoing negotiations at the UN International Maritime Organization (IMO), the radical industry proposal for a USD 5 billion fund to accelerate the R&D of zero-carbon technologies and many more.
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The report includes thoughts from ICS trade and business representatives, through a series of op-eds, providing unique insights into the key topics and trends impacting the world economy, which will have an impact on the global maritime trade outlook over the next few years.
The Shipping Industry Flag State Performance Table brings together data regarding the performance of flag States against specific criteria, including Port State Control (PSC) records, ratification of international conventions and IMO meeting attendance. The 2021/2022 edition is based on the most up-to-date data available as of January 2022.
ICS has commissioned this major Study to provide an assessment of protectionist or restrictive trade policies and measures that are being implemented by governments worldwide, which may be preventing national economies from reaping the full benefits of having access to efficient maritime transport services.
The ability of flag state authorities to conduct statutory surveys, and for ships (and seafarers) to be issued with required certification to allow them to continue to trade, emerged as a serious issue at the very start of the pandemic.
Maintaining the health of seafarers and protecting them from infection remains a critical priority.
The continuing inability of ship operators to conduct crew changes has been the single greatest operational challenge confronting the global shipping industry since the Second World War.
The arrival of COVID-19 has presented truly enormous challenges for the entire maritime transport sector, an industry responsible for moving about 90% of global trade.
The Panama and Suez Canals are of great commercial importance to the shipping industry. They are critical to reducing voyage times and fuel costs, as well as the sector’s CO2 emissions.
Co-operative shipping agreements between liner shipping companies have existed for over a century. The majority of major trading nations continue to acknowledge the importance of containership operators being permitted to share cargo through Vessel Sharing Agreements (VSA), increasing their service offerings and maximising efficiency in terms of frequency, reliability, quality and price.
In March 2019, the Organization for Economic Co-operation and Development (OECD) launched a major public consultation on the development a multilateral digital taxation framework for global application (i.e. not just by OECD nations).
