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AS negotiations to set the global minimum wage for seafarers drew to a conclusion, the shipowners made a shocking suggestion.  This is the moment, they announced, to disregard the International Labour Organisation (ILO) mechanism and cut the real value of the ILO minimum wage, currently set at $21.36 (£15.35) a day. At almost the same time, AP Moller-Maersk, the container shipping giant that carries approximately one-fifth of global exports, issued a dramatic update of its own.  The company predicted that its earnings this year would be $9 to $11 billion, nearly double previous estimates. ...

Asyad celebrates World Day for Safety and Health at work with new initiatives and technologies

Singapore is set to ban crew changes involving all non-residents with recent travel to India. The move would appear to be a major setback in attempts to resolve the crew crisis, which has seen around 200,000 seafarers trapped at sea by the pandemic. The Maritime and Port Authority of Singapore (MPA) has informed the shipping community that crew with recent travel history to India in the last 14 days will not be allowed in the Port of Singapore. The ban goes into effect on Saturday. This includes sign-on crew travelling to Singapore by flight, as well as sign-off crew from vessels that have ca...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Performance Shipping Inc. Issues Inaugural Sustainability Report Performance Shipping Inc.April 21, 2021 GMT ATHENS, Greece, April 21, 2021 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced the release of its inaugural Sustainability Report (the “Report”) highlighting how the Company addresses Environmental, Social and Governance (“ESG”) issues as part of its ongoing ef...

A declaration marking merchant sailors as key workers during the pandemic is a major step towards safeguarding their mental health at sea, shipping experts said. Signed by more than 750 organisations in February, the Neptune Declaration prioritised seafarers in the same way as health workers, putting them at the front of the queue for Covid-19 ...