By Stephen Stapczynski (Bloomberg) — Twenty port authorities in Asia, Europe, the Middle East and North America signed a declaration committing to stay open amid the coronavirus pandemic.
Initiated by Singapore, the declaration calls for ports to boost collaboration so that operations are undisturbed, according to a statement on April 24. Members of the Port Authorities Roundtable that signed the declaration include Singapore, Abu Dhabi, Rotterdam, Tokyo and Los Angeles.
Restrictions on crews are among the unprecedented challenges wrought by the virus, which has ground major economies to a halt. At risk is the flow of goods such as food, medicine and energy via commercial shipping, which accounts for about 80% of global trade.
The declaration ensures that merchant ships can continue to berth at ports and keep global supply chains operating; best practices are adopted, including safe procedures for ship crew and shore personnel; and port authorities continue to share experiences in combating the virus while safeguarding unimpeded trade.
By Charlotte Goldstone (The Loadstar) – The demand spike on the transpacific has prompted concerns of congestion and cargo bottlenecks at key US ports. Yesterday, The Loadstar reported that many carriers had begun to...
OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July.
A recently declassified U.S. Transportation Command (USTRANSCOM) report has identified significant challenges affecting dredging operations at strategic U.S. seaports, with findings that contradict common assumptions about equipment availability under the...
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