The inability to change crews is impacting the welfare of sailors, which could lead to an increase in human error on board vessels. Disruption of essential maintenance and servicing heightens the risk of machinery damage, which is already one of the major causes of insurance claims. Reduced or delayed statutory surveys and port inspections could lead to unsafe practices or defective equipment being undetected. Cargo damage and delay are likely as supply chains come under strain. The ability to respond quickly to an emergency could also be compromised with consequences for major incidents which are dependent on external support. The growing number of cruise ships and oil tankers in lay-up around the world pose significant financial exposures, with many of them anchored in typhoon-exposed areas in Asia or hurricane-exposed areas in North America. "Ship-owners also face additional cost pressures from a downturn in the economy and trade," says Captain Rahul Khanna, Global Head of Marine … [Read more...] about Allianz: Asian waters account for most shipping losses even as global numbers hit record low
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TimeTicket GmbH will donate 5% of the first year's revenue from "eSportStars" to the children who have been affected by COVID 19, such as UNICEF (The United Nations Children's Fund, https://www.unicef.org/), UNHCR (The United Nations High Commissioner for Refugees, https://www.unhcr.org/), orphanages etc. … [Read more...] about TimeTicket: Pre-registration for “eSportStars” (aka: eposta) is now open
Eddie Ng revealed that VANZO is also the first brand in Malaysia's market that sends its product initiatively for assays. The New Generation Sterilizing Air Freshener not only passed numerous tests which proved it does not contain formaldehyde, toluene, benzene, and other harmful substances but also successfully acquire the only international SGS sterilization certificate in the market. Thus, it is proven as a high-quality, double-function fragrance product. … [Read more...] about VANZO Launches New Generation Sterilizing Air Freshener
Sharp, one of the leading conglomerates in Japan, is going to open its new factory in the outlying district of Ho Chi Minh City this year. It will focus on manufacturing car displays for the US market, as well as air cleaners for domestic use. Sharp has achieved great success in Vietnam over past years on the back of local annual electronics and household appliance growth of 10-15 per cent. … [Read more...] about Japanese companies enticed by local investment climate
The epidemic has made US businesses realize that they need to choose production locations which not only allow them to optimize production costs, but also have the capability to resist shocks and risks. The figure is expected to create a positive effect on decisions by American investors to expand their production and business to non-China markets. … [Read more...] about Will US investors head for Vietnam after leaving China?