Shipping News revived

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‘Unprecedented uncertainty’: Geneva Dry takes the pulse of the global trading...

Quizzed as to how often he was having to change his global economic projections, Rahim replied: “I would say hourly, but it’s probably more likely by the tweet or by the Truth Social post.”
Discussing tariffs, Rahim commented: “I think the keyword now is uncertainty… We’re now in unprecedented uncertainty for a little bit.”

The Canadian said that the current US administration was “pouring fuel” on an already inflationary environment, which he said was likely detrimental to world trade.

At least, for non-Chinese owners the Chinese tonnage penalties recently introduced by the US Trade Representative look to have a minimal effect of the dry bulk fleet, Pathy said.

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Smaller shipowners in danger: Geneva Dry risk workshop - Splash247

Despite the initial warning, the session ended with Trump versus AI in terms of risk for shipping, with ABS’s Gkikas getting the best reaction from the audience by outlining the risk of AI acting as the US president. It was unclear whether he was forced to take a double shot of Geneva Dry gin for this closing statement.

How to manage uncertainty - Splash247

Trade is learning to live with new risks
Tariffs, shifting alliances, and supply chain rewiring are becoming the new normal. Flexibility — in geography, operations, and commercial strategy — is now essential. Old routines no longer work. If you can’t adapt fast, you fall behind.

[AKBJR]

In “related news” at the page bottom, WRT an increase in sea theft/robbery in the Singapore Strait, an interesting supposition -
“This is likely due to the combined effects of the Northeast Monsoon (Dec to Mar), which exacerbated the already challenging sea conditions in the South China Sea (SCS) and affected fishing activity/yield and increased financial burdens leading up to festivities (Feb and Mar), causing locals to resort to petty crime in coastal waters to supplement their income.”

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How the business of chartering is evolving - Splash247

“I think the role of technology and tools are empowering the users. It’s augmenting the service that you can provide to your customer,” Svard said, going on to argue that while AI and large language models are great for processing big quantities of data, they are “absolutely crap” in making decisions.

In his concluding remarks, Palin from Arrow stressed how information is freely available and abundant everywhere.
“The role of a broker is to understand what is pertinent there. Our commodity, our only commodity, is information and our ability to collate that, direct that and advise,” Palin said, noting how there is a more consultative element to what brokers do as a job these days as opposed to just price matching and transacting and fixing ships.

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Paper tigers at sea - Splash247

Choosing the harder, higher road
Our maritime world has always been driven by those bold enough to sail beyond the visible horizon. Today that horizon is less of a line separating sky and sea; it’s a destination where truth, responsibility and progress converge.

Yes, regulation may remain our pet paper tiger. But it only stays a ‘toothless wonder’ if we choose to keep it that way.

Let’s be better than that. Let’s be honest about where we are, and committed to where we can go. Let’s build a culture where rules matter not by mandate, but because they’re meaningful. That’s not a burden. That’s leadership.

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Why shipping can’t wait for another cybersecurity crisis - Splash247

My message to the industry is that cybersecurity is no longer just an IT issue. It’s a safety issue, an environmental issue, and a business continuity issue. Despite this, right now many vessels are still running outdated operating systems, using default passwords, and lacking any real-time monitoring or response capabilities.

In today’s digital era, it’s no longer the wind and waves that pose the greatest threat to the maritime industry, it’s the invisible forces hidden in lines of code. Cyber risks are growing more dangerous by the day, and the future will not wait. The time to act is now, because sailing into tomorrow without robust cybersecurity is like navigating blind through a storm.