Global economy faces a ‘US$2 trillion hit’





'Doomsday' scenario’ from the UN paints a chilling picture as WHO declares a pandemic
The Covid-19 epidemic could cost the world in GDP growth nearly US$2 trillion. Photo: Mark Wilson / Getty Images / AFP

The United Nations has warned that the global economy faces “a US$2 trillion hit” in a “doomsday scenario” after the World Health Organization declared a worldwide pandemic.

As the Covid-19 disease spreads across the planet and the battle switches from China to Europe and the United States, concerns are growing that global growth will be wiped out as consumer demand evaporates.

“From an economic perspective, the key issue is not just the number of cases of Covid-19, but the level of disruption to economies from containment measures,” Ben

Seguir leyendo

Venta de Armas.-



El “barco de la muerte” saudí no logra evitar las protestas en el puerto de Sagunto

El buque Bahri Abha, utilizado en varias ocasiones para trasladar armamento, ha atracado a las tres de la madrugada. Activistas contra la guerra le han recibido con carteles por la paz y contra el tráfico de armas.


Protesta realizada esta madrugada en el puerto de Sagunto contra la llegada del barco saudí Bahri Abha. MOC

Is the passenger transport sector seeing 2020 clearly?





Passenger Ship Technology


Thu 11 Oct 2018 by Rebecca Moor

  • This email address is being protected from spambots. You need JavaScript enabled to view it.
Per Funch-Nielsen (20|20 Marine Energy): There are issues to consider surrounding passenger ship operators' choices for meeting the 2020 low sulphur directive

While many passenger ship operators have decided how they will meet the 2020 low sulphur directive, there are issues to consider surrounding their choice. Senior associate at 20|20 Marine Energy Per Funch-Nielsen explains

Come 1 January 2020 all ships will need to reduce their sulphur emissions by more than 80% at a minimum from a maximum of 3.5% sulphur to 0.5%. It's a huge change for the passenger and ferry sector, and it will be the

Seguir leyendo

The VLCC market took a turn for the worse this week, as activity slowed in all areas and ships piled up.

Markets - VLCC activity slows

Mar 29 2019

Charterers received double digit offers, but initially at below last done levels. 

Thus, we expect rates to drop further as the week progresses, and owners could find themselves trading at OPEX levels before long, Fearnleys said in its weekly roundup.

At the time of writing (Wednesday), WS45 was concluded with a ship older than 15 years for MEG/East, and modern tonnage will probably follow suit soon.

In contrast, Suezmaxes saw fairly good activity in the West last week, and finally the tonnage list for cargoes out of West Africa on natural dates looked more healthy.

Rates are still scraping the bottom of what owners consider to be beneficiary, compared to anchoring and waiting for better times. At least

Seguir leyendo

The shipbreaking industry where workers die on the shores of Bangladesh


August 09, 2018 Vishnu Rajamanickam, staff writer





This year, falling freight rates have led many shipping lines to send their old oil tankers to an early grave - to the South Asian shipbreaking yards where they are torn down over a matter of weeks and end up as a scrap pile. On the shores of Bangladesh, which hosts the world’s largest ship recycling industry, shipbreaking is often seen as the work of hired hands from the poorest sections of the Bangla society.

“Shipbreaking started in Bangladesh in the 1960s. It happened when local people saw that breaking ships was a bit profitable, and they started getting financing for the job - there was no environmental or workers’

Seguir leyendo