Singapore’s Pacific International Lines (PIL) has confirmed it is in discussions with Helliconia Capital Management, a unit of state-owned Temasek Holdings, for an investment to bail out the container line.
A weekly report from the International Association of Ports and Harbors - IAPH-WPSP Port Economic Impact Barometer shows that the COVID-19 pandemic impacts ports differently according to the regions.
In a move forward in getting crew changes happening again Singapore has broadened “special circumstances” to include the end of the seafarer’s contract and is exploring options with the industry and unions including specially chartered flights.
The world economy will recover following the COVID-19 pandemic and it will be the global shipping industry that will be at the forefront of this fightback.
The COVID-19 pandemic has pushed arbitration hearings into the virtual world, and Punit Oza at Singapore Chamber of Maritime Arbitration (SCMA) believes that it could lead to a blend of physical and online in the future.
Marine travel experts ATPI Marine & Energy are teaming up with the International Maritime Employers’ Council (IMEC) on crew changes and joint charter flights.
Chinese shipyards are staging a sharp recovery and many are operating close to normal. This was the message from shipping guru Martin Stopford, speaking after a virtual press conference yesterday held by SMM organisers, Hamburg Messe.