The Managing Director of Hanseaticsoft, Alexander Buchmann, says technology will make more impact on the shipping industry this 2020, as companies are increasingly introducing cloud-based software and apps in their businesses.
Drewry, an independent maritime research consultancy which offers market insights and advisory services to stakeholders across the global shipping industry has hinted that increased demand for dry bulk vessel this 2020 will largely depend on soybean and grain trade rebound.
Maritime experts have warned that the global container shipping industry is expected to witness a cost rise of $15 billion. This is with the International Maritime Organisation (IMO) 2020 regulation just round the corner.
The International Maritime Organisation (IMO) has assured that it is committed to working to combat climate change, in line with the United Nations Sustainable Development Goal (SDG) 13 on climate action.
Conflicting narratives are circulating in the market, as the International Maritime Organisation (IMO) 2020 draws close. BIMCO recently reported that while ship owners are ready for the upcoming sulphur regulation, the bunker market is not.