Sunday, October 1, 2023
HomeDry CargoIntercargo: Time to recognize value of dry bulk sector

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

Intercargo: Time to recognize value of dry bulk sector

As news headlines underscore the quality and flexibility of the bulk sector fleet in meeting the challenges of current trade disruptions, Dimitris Fafalios, Chairman of INTERCARGO believes that now is the time to re-evaluate the image of the bulk carrier sector and recognise the commitment of INTERCARGO members to a safe, efficient, high quality and environmentally sound dry bulk shipping industry.

Bulk carriers employ hundreds of thousands of seafarers and carry more cargo deadweight to more diverse ports than any other shipping sector. They deliver essential goods even to the most isolated and distant ports and adapt their tramp trading patterns as demand dictates.

Speaking at the organisation’s semi-annual meetings in London last week, Fafalios highlighted the importance of seafarers in the supply chain, and the role that they play in easing the strain on world trade. “This is a complex global issue but there is no doubt that we are relying on properly vaccinated, mentally and physically fit seafarers to contribute to the solution.

“Universal commitments for collective action are imperative to resolve the seafarers’ humanitarian crisis and to keep global trade moving,” Fafalios said. “Coordinating a worldwide vaccination programme for seafarers is an urgent priority. While the efforts of the International Maritime Organization (IMO) and global maritime bodies must permeate every area of the shipping industry, urgent action outside the maritime sphere is needed by government leaders at the highest level, ultimately leading to the recognition of seafarers as key workers. We must hope that the global press coverage that we are seeing will facilitate that.”

INTERCARGO’s Annual General Meeting, Executive Committee and Technical Committee met both virtually and in person in London over two days, with the meetings presided over by Chairman Dimitris Fafalios, Vice Chairman Spyros Tarasis, Vice Chairman Uttam Kumar Jaiswal, and Technical Committee Chairman Tom Keenan.

Top of the agenda was the need to urgently resolve the humanitarian crisis faced by seafarers under COVID-19. Issues debated also included initiatives for the reduction of greenhouse gas (GHG) emissions and the ESG agenda; the implementation progress of DryBMS as the quality standard for the dry bulk sector; the safe carriage of cargoes; bulk carrier design standards; the investigation of bulk carrier casualties; ballast water management; implications of the sulphur limit on fuels; and piracy threats.

INTERCARGO also presented its 2020/2021 Annual Review to the membership. Following a doubling of the Association’s membership during 2016-2019, the last 18 months has seen membership stabilised at historic high levels.

In order to express its appreciation to all members for their continued support and especially those who, under the current circumstances, were unable to enjoy the networking opportunities afforded by face-toface meetings, the Association has also created a special electronic compilation of promotional material from its members, which is available on a dedicated webpage here2.

Secretary General Kostas G. Gkonis said, “INTERCARGO’s badge of quality is widely recognised by the industry. We thank our members – comprising more than 220 forward thinking companies from across 30 different countries – for their continued support of our Association’s collective efforts for the benefit of our sector and in the service of societies at large.”

Source: INTERCARGO

Related Posts

Video

Finance & Economy
Shipping News
Ports

Sphinx Investment Corp Increases Stake in OceanPal

On September 28, 2023, an OceanPal SEC filing revealed that Sphinx Investment Corp. had raised its ownership in OceanPal, now holding a substantial stake...

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk announced that it entered into a Repurchase Agreement (with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands, pursuant...

Trafigura announces executive leadership changes

Trafigura Group Pte Ltd. has announced an evolution of its executive team to further strengthen leadership and focus across its global activities during a...

Woori, HMM, KOBC to buy Polaris in prospective $448 mln deal – report

Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Private Equity Asset Management Co....

Pyxis Tankers Announces Closing of Ultramax JV Investment

Pyxis Tankers, an international shipping company, reported that on September 14, 2023, the Company closed on its previously announced newly formed drybulk joint venture...

Baltic index snaps 4-day winning streak as capesize rates slip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index scales 11-month peak on strong capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index scales over 9-month high on capesize surge

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Baltic index rises to over 4-month high on stronger capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry...

Houston-Japan VLGC freight rates reach multi-year high

VLGC freight rates from Houston to Chiba, Japan, reached $245/mt Sept. 21 for the...

Piraeus Port reports strong H1 2023 results

The Piraeus Port Authority SA, which operates Greece’s biggest and busiest port, reported a 48.8-percent increase in pre-tax earnings for H1 2023 – 49.4...

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in the port of Volos,...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...

Port Hedland Iron Ore Exports Edge Up 4% in August

Pilbara Ports Authority has delivered a total monthly throughput of 62.8 million tonnes (Mt) for August 2023, consistent with the August 2022 throughput. The Port...