OPEC Maintains Robust Oil Growth Forecast Over Next Four Years
OPEC maintained its forecast for robust global oil demand growth in the next four years on Thursday and nudged up its longer-term view, citing a worldwide shift towards more supportive policies for oil use and saying there was no sign demand would peak.The 11-member Organization of the Petroleum Exporting Countries depends on oil for a large part of government income, and its views on demand are higher than those of others in the industry, such as the International Energy Agency.World demand will rise to 113.3 million bpd in 2030 from 105.1 million barrels per day in 2025…
Shipnet: The Challenges of Surviving as a Small Shipping Business in a Big Industry
In today’s shipping industry, we’re seeing multiple factors which are impacting smaller shipping companies making it challenging to remain independent, however smaller operators bring unique values to the industry and we must encourage their success.Changes to environmental regulations such as sulphur cap, EEXI/CII, 2030/50 GHG targets and the ETS being introduced by the International Maritime Organization are all direct threats to the independence of smaller ship owners. These businesses simply do not have the capacity…
Top Maritime Trends 2020: Owners and Operators can Do the Right Thing for Seafarers
Due to a confluence of factors, COVID-19 has adversely impacted merchant mariners more than virtually any other profession. The merchant marine is an international profession from a wide variety of countries, so there is no one nation standing up to represent them.The ships on which they sail are registered in numerous nations, heavily weighted toward small countries with limited influence on the world stage. The ports at which the vessels call tend to be more concerned about the health of the local community than the welfare of seafarers…
