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COVID-19 AND IMO 2020 CHALLENGE THE DRY BULK SECTOR

Wednesday, October 7, 2020 

Dry bulk trade oganisation Intercargo has published its annual review for 2020.

In it, Chairman Dimitrios J Fafalios writes: "What a year 2020 has been so far!" He continues to note that January ushered in the widespread, but not worldwide, availability of Low Sulphur Fuel Oil for ships’ bunkers. Intercargo joined with other international shipping organisations in assisting our industry to make this challenging transition successfully.

The year's other big challenge, the Covid-19 pandemic, highlighted the crew change crisis, which saw more than 300,000 seafarers trapped on board ships and a similar number experiencing financial hardship as they awaited re-employment. This situation was exacerbated in the dry bulk sector by the fact that bulk carriers on tramp trading call at many more ports than do other sectors of the industry, piling added strain on an already fatigued workforce.

Looking forward, Intercargo says it is ready to accept the future challenges of decarbonisation. Secretary General Dr Kostas G Gkonis writes: "While shipping is the most environmentally friendly transport mode, and our sector especially takes pride in that respect, the further reduction of greenhouse gas emissions from ships is the greatest environmental challenge ahead of us. Intercargo strongly supports the initial strategy and roadmap of the IMO."

The review can be downloaded here.

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