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This report provides strategists, marketers and senior management with the critical information they need to assess the global boat repairing market as it emerges from the COVID-19 shut down.
The global boat repairing market is expected to grow from $6.33 billion in 2020 to $6.81 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.75 billion in 2025 at a CAGR of 6.5%.
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The Italian government and Coast Guard has forwarded two circulars through the IMO:
• IMO Circ. 4231/add. 13, which allows for an unlimited extension of the following COPs until disembarkation:
• Basic Training
• Fast Rescue Boat
• Advanced Firefighting
Japan
The Japanese Ministry of Justice has circulated measures to mitigate the impact of the B117 variant of COVID19 which emerged in UK in December. All entry by foreigners are prohibited – though GAC Hot Port News reports that seafarers are exempted from these restrictions.
Persons with travel history to UK and South Africa are explicitly prohibited from entry.
Philippines
• Extension of STCW certificates for onboard and ashore Filipino seafarers