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Russia’s military took control of waterways when it invaded Ukraine on Feb. 24, in what Moscow calls a “special operation”.

Ukrainian maritime officials have told Reuters fighting has left around 100 foreign-flagged vessels and hundreds of mariners stranded in Ukrainian ports.

Last week a seafarer was killed at the Ukrainian port of Olvia after a missile struck his Bangladesh-flagged cargo ship. Projectiles have hit four other vessels in recent days with one sunk.

The UN’s International Maritime Organization (IMO) convened a virtual meeting on Thursday and Friday to discuss the escalating situation.

A statement afterwards said the IMO’s Secretary-General Kitack Lim “indicated his commitment to take immediate action to realise the blue safe maritime corridor with the cooperation and collaboration of the relevant parties including littoral states”.

It said a maritime corridor would “allow the safe evacuation of seafarers and ships from the high-risk and affected areas in the Black Sea and the Sea of Azov to a safe place”.

Ukraine has accused the Russian military of targeting Olvia port facilities in a missile strike, while Russia’s embassy in Dhaka said last week the circumstances of the incident involving the Bangladesh ship were “being established”. Russia denies deliberately targeting civilians.

The IMO meeting was held with its Council, which consists of 40 member countries who are elected for two years. Non-Council member states such as Ukraine were able to make statements.

The IMO statement said separately that the Council “deplored the attacks of the Russian Federation aimed at commercial vessels, their seizures, including search-and-sescue vessels”.

The Council separately demanded that Russia “cease its unlawful activities to ensure the safety and welfare of seafarers and the security of international shipping and the marine environment in all affected areas”.

Russia’s IMO representatives could not be immediately reached for comment on Friday.

Source: www.marinelinks.com

Image: www.pixibay.com

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Bangladesh has remained largely quiet for much of the week as they observe the ongoing price reductions, whilst local Recyclers expect further falls ahead.

Indian steel plate prices have declined by nearly $45/LDT over recent weeks, leaving Alang Buyers rather spooked and fearful to maintain previous offers, or even consider offering on any fresh units. Yet, as the week drew to an end, there were signs of a slight rebound on steel prices and sentiment.

Of course, it may still take a couple of weeks of stability before end Buyers return to the bidding tables once again. Notwithstanding, the market appears to have peaked at these exceptional numbers above $600/LDT and end buyers are struggling to reconcile themselves with fresh purchases at these impressive levels.

Many expect a weaker market going into 2022, but the industry overall has been surprised by the continued performance of the market through the course of the year, as prices have surged above and beyond all expectations, having more than doubled from a low of almost $250/LDT through the halfway point of 2020.

Pakistan remains stranded on the sidelines, watching market developments in both India and Bangladesh, hoping to get hold of a bargain or two, even though the supply of vessels for recycling remains remarkably sparse.

On the Turkish end of things, despite demand remaining firm, the dearth of supply has kept local yards increasingly eager for tonnage, while the Lira breaks even more records against the U.S. Dollar.

For week 48 of 2021, GMS demo rankings / pricing for the week are as below.

Source: www.marinelink.com

Image: www.pexel.com

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Once adopted by the IMO Assembly in December 2021, the observance will celebrate women in the industry, promote the recruitment, retention and sustained employment of women in the maritime sector, raise the profile of women in maritime, strengthen IMO’s commitment to Sustainable Development Goal 5 (gender equality) and support work to address the current gender imbalance in maritime.

IMO Secretary-General Kitack Lim said, “I welcome the Council’s adoption of this proposal. Not only does it further efforts to achieve SDG 5 on gender equality, but it is a perfect follow-on action to the IMO Assembly’s resolution and call to achieve a barrier-free environment for women, so that all women can participate fully, safely and without hindrance in the activities of the maritime community, including seafaring and shipbuilding.”

The proposal to establish an International Day for Women in Maritime was first addressed by IMO’s Technical Cooperation Committee (TCC) in September 2021 following the momentum of the World Maritime Theme in 2019 “Empowering women in the maritime community.” The proposal received wide support from the Committee in forwarding the proposal to the Council.

Source: www.marinelink.com

Image: www.pexel.com

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