The state of the world economy
Major international economic organizations such as OECD or IMF have predicted a decline in growth of the global economy in 2019. According to them, economy has already reached its peak and will decelerate in 2019. OECD forecasts growth of 3.3% and 3.4% in 2019 and 2020 , compared to 3.6% in 2018. The following table gives OECD’s projections in different regions of the world.
OEDC economic perspectives and forecast, March 2019
Deflated Gross Interior Product, growth in %
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ABOUT THE NORTHWEST PASSAGE
History has not forgotten the famous Franklin expedition of 1845. He was desperately seeking the shortest route between Asia and Europe. Like many explorers, he learned that northern Canada is difficult and risky because of cold and ice, because of risks of accidents, hunger and disease. Franklin died with his men, prisoners of an immense territory covered with ice. If they had survived and succeeded, they would have been the heroes of an era, like many European explorers. The distance between Asia and Europe, via the Arctic, is almost twice as short as that … Lire la suite
United States (US) represents one fifth of the world economy (GDP of 17 400 billion $). It is considered the world’s largest economy. It also counts for 19 924 kilometers of marine coastline, 6 000 kilometers of river length and 250 000 km2 area of its Great Lakes.  With all these assets, why doesn’t it hold shipping capacity in the world ? The US has become international success in many fields such as automotive, information technology, aeronautics , chemistry, and culture sectors. But, why not in maritime sector ?
Those following figures illustrate the paradox. In 2015, among the … Lire la suite
The name may seem odd, but it is currently the subject of several discussions in the logistics sector. The blockchain could revolutionize operation management in several areas, including transport and logistics. Given its growing popularity, many are talking about a new internet revolution.
Napster, and later LimeWire, pioneers of music file sharing services already use the technology. Bitcoin is another example. Because digital money is also based on peer-to-peer distribution, exchanges are made directly between individuals as it is the case for paper money.
There are many advantages for using blockchain technology and this is why several large transport … Lire la suite
This article is not a pedagogical guide or a scientific method for carrying out Business Resilience Plans (BRP). Rather, its objective is to highlight elements specific to the maritime sector.
Readers interested in acquiring further knowledge may refer to several excellent documents. (ex. Community Resilience Planning Guide )
Part 1: Business Resilience Plan in General
1.1 What is a Business Resilience Plan (BRP)
A BRP’s goal is to ensure resumption and continuity of … Lire la suite
1-Significant efforts to reduce greenhouse gases around the world
For several years, significant efforts have been made to promote renewable energies. It has been arduous and time-consuming to implement commitments of the Kyoto Protocol and the Conferences of the Parties (COP) United Nations Framework Convention on Climate Change. Almost 20 years were needed to develop concerted action on this issue among the world’s major countries. 1
The Paris Agreement of 2015 (COP21) is historic because it engages 195 countries to reduce emissions of greenhouse gases and to stabilize climate warming due to human activities to less than 2 ° C … Lire la suite
CETA WILL GIVE ACCESS TO 500 MILLION CONSUMERS
The Government of Canada claims that the Canada-EU Comprehensive Economic and Trade Agreement (CETA) will give Canadian companies preferential access to 500 million European consumers, a market evaluated at $ 18 trillion . Accordingly, bilateral trade would increase by 20 percent and would increase Canada’s GDP by $ 12 billion a year. This would create nearly 80,000 new jobs and increase the average Canadian household’s annual income by $ 1,000. 
Are these predictions realistic ? What are the business opportunities for transport and maritime companies? In order to answer … Lire la suite
As 2016, three trends will describe maritime industry in 2017: 1-an increased volatility of demand 2- a sustained but uneven global recovery 3- a restructuring of the maritime supply. This text presents an analysis of these trends.
1- An increased volatility of demand
1.1 New external factors
Variability of the risk makes demand for transport less predictable. In 2016, several factors triggered this instability, including fluctuations of exchange rates, slowdown of Chinese economy, lower oil prices and difficulties of the European economy.
In 2017, recovering of American and European economies is well engaged. Despite a slight slowdown of the … Lire la suite
THE CURRENT SITUATION
A flag of convenience is the flag of a vessel for which the actual property and control are located in a country other than that of the flag under which it is registered. For the owners of these vessels, the benefits are numerous, including in the field of taxation, of security or labor law.
It is a phenomenon related to globalization. In 2015, they represented 71% of the total tonnage of the merchant navy.  The world fleet operated under 152 pavilions. Three of these pavilions, Panama, Liberia and Marshall Islands accounted for 42.8% of … Lire la suite