Why we’re standing up for stranded seafarers
The Covid-19 pandemic has left thousands of maritime workers stranded at sea. More institutional investors are now joining our campaign in calling for urgent action to address this overlooked global humanitarian crisis and preserve the long-term sustainability of global supply chains.
A crisis in the making
Terence Tsai, Shipping Analyst, Fidelity International
It was quite early on in the pandemic when I started hearing about disruptions to global maritime activity.
Restrictions on travel and trade were closing off ports and cancelling flights, causing severe delays to the ordinary rotation of cargo vessel crews between their ships and home ports. I soon saw it was not just a liability for the commercial shipping sector but also a brewing humanitarian crisis for the hundreds of thousands of seafarers who are the engine of global trade.
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Rogue Captain’s Mid-Ocean Detour Tips Investors to Crisis at Sea By Alastair Marsh | February 2, 2021
Terence Tsai started hearing about the growing labor crisis in shipping in a roundabout way. First, in March, an official at a ship management company in Hong Kong let slip that a captain had purposefully diverted a vessel under its control into the middle of the ocean to protest the treatment of himself and his crew.
Then, from the head of a large Asian shipping company, Tsai heard about a captain who wanted to attend his son’s funeral in Eastern Europe. It took more than two months and a mountain of paperwork to surmount Covid-era port restrictions and travel complications to get him on a flight back home.
By Alastair Marsh (Bloomberg)
Terence Tsai started hearing about the growing labor crisis in shipping in a roundabout way. First, in March, an official at a ship management company in Hong Kong let slip that a captain had purposefully diverted a vessel under its control into the middle of the ocean to protest the treatment of himself and his crew.
Then, from the head of a large Asian shipping company, Tsai heard about a captain who wanted to attend his son’s funeral in Eastern Europe. It took more than two months and a mountain of paperwork to surmount Covid-era port restrictions and travel complications to get him on a flight back home.
Fidelity International engagiert sich bei humanitärer Krise auf See - Politikexpress politikexpress.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politikexpress.de Daily Mail and Mail on Sunday newspapers.