{"id":633,"date":"2023-01-31T11:43:13","date_gmt":"2023-01-31T16:43:13","guid":{"rendered":"https:\/\/www.ifssac.com\/blog\/?p=633"},"modified":"2023-03-10T12:17:49","modified_gmt":"2023-03-10T17:17:49","slug":"six-major-happenings-in-2022-in-the-maritime-industry","status":"publish","type":"post","link":"https:\/\/www.ifssac.com\/blog\/en\/six-major-happenings-in-2022-in-the-maritime-industry\/","title":{"rendered":"Six Major Happenings in 2022 in the Maritime Industry"},"content":{"rendered":"\n

Without a doubt, 2022 was an eventful year in the Maritime Industry<\/strong>. In this article, we will take a look back at the six main stories that dominated the headlines over the past 12 months. <\/p>\n\n\n\n

1. Tanker Market Boom<\/h2>\n\n\n\n

While 2021 had not been a good year for the tanker sector, things improved by the end of October 2022. Because of the impact on global oil trade and prices triggered by Russia\u2019s invasion of Ukraine, charter hires reached very high levels on the back of longer voyages for crude oil and for refined products as well as small and large gas carriers.<\/p>\n\n\n\n

2. The War in Ukraine<\/h2>\n\n\n\n

The tanker market boom was mainly the result of the war in Ukraine as it had a direct impact on shipping. However, the invasion of Ukraine also caused thousands of seafarers to become stranded at Ukrainian ports which gradually became blockaded, leading to a crisis in global food markets and prices as Ukraine is the major exporter of wheat and grain. An international corridor for grain exports from Ukraine, along with a humanitarian corridor, was set up and running in July.<\/p>\n\n\n\n

3. P&O Ferries Mass Firing<\/h2>\n\n\n\n

Peter Hebblethwaite, the CEO of P&O Ferries, was a name unfamiliar to most people, but he quickly was branded Britain\u2019s most hated boss on account of the mass firings (over Zoom and without warning) of 800 seafarers on March 17.<\/p>\n\n\n\n

P&O Ferries\u2019 ambitious plan was to have its fleet back in service with agency crew within ten days of the mass firings. Nonetheless, things did not go according to plan, and the company was still struggling to have all its vessels back into service by the end of May. All ten ships required inspection after P&O Ferries fired 800 of its seafarers.<\/p>\n\n\n\n

Eventually, the fleet went back into service, but Peter Hebblethwaite was voted the world\u2019s worst boss by the International Trade Union Confederation.<\/p>\n\n\n\n

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