3 BREAKTHROUGH IN THE MARITIME INDUSTRY.pptx

Trends, Issues, and Breakthrough in the Maritime Industry UNIVERSITY OF THE VISAYAS COLLEGE OF MARITIME EDUCATION PRAYER PRAYER  Course Description This course Trends, Issues and Breakthrough in Maritime Industry (ELECTIVE 1) will thoroughly...

Trends, Issues, and Breakthrough in the Maritime Industry UNIVERSITY OF THE VISAYAS COLLEGE OF MARITIME EDUCATION PRAYER PRAYER  Course Description This course Trends, Issues and Breakthrough in Maritime Industry (ELECTIVE 1) will thoroughly familiarize students with the mandatory minimum requirements for knowledge, understanding and proficiency in Table A-II/1 and III/1 of STCW 2010 Code for the function for both  Course Learning Outcomes Explain the Breakthrough in Maritime Industry Explain the top Global Maritime Issues Facing the Shipping Industry Geopolitical Issues in Shipping What IMPACT do you think the following issues will have on the maritime industry over the next 10 years? Ranking: 1 – Minimal impact, 2 – Minor impact, 3 – Moderate impact, 4 – Major impact Rank Issue Impact 1 Global economic crisis 3.69 2 Decarbonisation of shipping 3.68 3 New environmental regulation 3.66 4 Geopolitical tension 3.55 5 Cyber-attacks and data theft 3.52 6 Big data and artificial intelligence 3.47 7 Changing trading patterns 3.44 8 Societal demands for sustainability 3.34 9 Failure of climate-change mitigation and adaption 3.34 10 Workforce and skill shortages 3.25 11 Fuel price increases 3.24 12 Major safety incident 3.11 13 Autonomy technology 3.10 14 Insufficient access to finance 3.03 15 Governance failure 2.95 16 Failure or shortfall in infrastructure 2.93 17 Terrorism 2.80 18 Increased piracy 2.46 WHAT IS THE LIKELIHOOD OF THE FOLLOWING ISSUES OCCURRING WITHIN THE NEXT 10 YEARS? Ranking: 1 – Very unlikely, 2 – Unlikely, 3 – Likely, 4 – Very likely Rank Issue Likelihood 1 New environmental regulation 3.56 2 Geopolitical tension 3.52 3 Cyber-attacks and data theft 3.52 4 Big data and artificial intelligence 3.55 5 Changing trading patterns 3.42 6 Societal demands for sustainability 3.51 7 Fuel price increases 3.39 8 Decarbonisation of shipping 3.31 Failure of climate-change mitigation 9 3.18 and adaption 10 Global economic crisis 3.07 11 Autonomy technology 3.03 12 Workforce and skill shortages 3.02 13 Major safety incident 2.83 14 Terrorism 2.75 15 Governance failure 2.72 16 Insuffient access to finance 2.65 17 Failure or shortfall in infrastructure 2.56 18 Increased piracy 2.47 HOW PREPARED IS THE MARITIME INDUSTRY TO DEAL WITH THE FOLLOWING ISSUES? Ranking: 1 – Very unprepared, 2 – Unprepared, 3 – Prepared, 4 – Very prepared Rank Issue Likelihood 1 Global economic crisis 2.08 2 Failure of climate-change mitigation and adaption 2.15 3 Cyber-attacks and data theft 2.16 4 Autonomy technology 2.19 5 Decarbonisation of shipping 2.20 6 Societal demands for sustainability 2.21 7 Big data and artificial intelligence 2.22 8 Failure of climate-change mitigation and adaption 2.30 9 New environmental regulation 2.30 10 Governance failure 2.37 11 Geopolitical tension 2.38 12 Workforce and skill shortages 2.41 13 Terrorism 2.44 14 Insuffient access to finance 2.47 15 Changing trading patterns 2.63 16 Fuel price increases 2.69 17 Major safety incident 2.74 18 Increased piracy 3.05 The major problem faced by the Training, system integration, and potential shipping industry? technical glitches pose challenges. Volatility in fuel prices can significantly impact the operational costs of shipping companies. Sudden spikes in fuel prices can lead to increased shipping costs, affecting the overall economics of supply chain operations. Jan 16, 2024 Meeting The Challenge Within The Maritime Industry Cyberattacks and threats involving data and new technology. An economic crisis and trade wars. Geopolitics in places like the Strait of Hormuz and the South China Sea. Climate change and the reality of limited resources.  Geographic and economic significance of the Strait of Hormuz. The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The Strait of Hormuz is the world's most important oil chokepoint because of the large volumes of oil that flow through the strait. Significance. The Strait of Hormuz is a narrow 21 mile wide channel separating Iran from the Arabia Peninsula. It is used to The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The Strait of Hormuz is the world's most important oil chokepoint because of the large volumes of oil that flow through the strait. In 2018, its daily oil flow averaged 21 million barrels per day (b/d), or the equivalent of about 21% of global petroleum liquids consumption.  South China Sea The South China Sea is another vital maritime region, rich in resources and a major shipping route. Several countries, including China, Vietnam, the Philippines, and Malaysia, have overlapping territorial claims here. China’s assertive actions, such as building artificial islands and deploying military assets, have heightened tensions 3. These actions challenge international law and disrupt the peac eful use of the sea, impacting regional security and trade The South China Sea is a highly contentious region with complex geopolitical dynamics. Here are some key perspectives: 1.China’s Position: China claims a large portion of the South China Sea, marked by the “nine-dash line.” This claim includes the Paracel and Spratly Islands. China argues that these areas are historically part of its territory and has been actively building and militarizing artificial islands to strengthen its cl aims 12. 2.Southeast Asian Claimants: Countries like the Philippines, Vietnam, Malaysia, Brunei, and Taiwan also have overlapping claims in the South 3. United States’ Perspective: The U.S. does not take a position on the territorial disputes but emphasizes freedom of navigation and overflight in the South China Sea. The U.S. conducts regular naval patrols to challenge what it sees as e xcessive maritime claims by China 3. 4. International Rulings: In 2016, the Permanent Court of Arbitration in The Hague ruled in favor of the Philippines, stating that China’s claims based on the nine-dash line have 2 Under international law, foreign militaries cannot conduct intelligence-gathering activities, such as reconnaissance flights, in its exclusive economic zone (EEZ). According to the United States, claimant countries, under the UN Convention of the Law of the Sea (UNCLOS), should have freedom of navigation through EEZs in the sea and are not required to notify claimants of military activities. In July 2016, the Permanent Court of Arbitration at The Hague ruled on a claim brought against China by the Philippines under UNCLOS, ruling in favor of the Philippines on almost  In 1999, the Philippines intentionally grounded a ship to reinforce its territorial claims to the area which it calls the West Philippine Sea. Since then, the Philippine Coast Guard has conducted monthly resupply missions to its military contingent on the ship, known as the BRP Sierra Madre. Chinese Coast Guard vessels began to employ dangerous tactics to harass Philippine resupply missions in 2023, leading to heightened clashes. Collisions have become increasingly common, and the Chinese Coast Guard has used a military-grade laser and repeatedly fired water cannons against Philippine ships. On June 17, a In recent months, the Red Sea, one of the world’s vital shipping routes, has transformed into a no-go zone as Yemen’s Houthi rebels intensify their attacks on vessels with connections to Israel, the United States, or the United Kingdom. The Red Sea has become a focal point of concern as Yemen’s Houthi rebels target commercial vessels, prompting major shipping companies and oil giants to reroute trade, causing potential delays and rising prices worldwide. BP announced a temporary pause in transits through the Red Sea, citing crew safety as the priority. The attacks have led to increased market nervousness, reflected in rising oil and European natural gas prices. The Houthi attacks pose a threat to critical energy supplies, including oil and liquid natural gas shipments, reaching Europe and other destinations through the Red Sea and the Suez Canal. Approximately 10% of the world’s trade passes through this vital waterway. In addition to energy supplies, essential goods like palm oil, grain, and most manufactured products are transported by container ships, with many passing through the Suez Canal. The ongoing conflict in Yemen has significantly impacted maritime geopolitics, particularly in the Red Sea and surrounding regions. 1.Houthi Attacks on Shipping: Since November 2023, Houthi militants have intensified their attacks on commercial vessels in the Red Sea. These attacks have disrupted one of the world’s busiest marit ime trade routes, affecting global supply chains 12. 2.Strategic Alliances: Iran’s support for the Houthis has strengthened its influence in the region. 3. Economic Impact: The disruptions have forced shipping companies to reroute vessels around the southern tip of Africa, increasing costs and delays. This has had a ripple effect on global trade, particularly affecting countri es that rely heavily on maritime routes 13. 4. Regional Stability: The conflict has also strained relations between regional powers like Saudi Arabia and the UAE, who have had to reconsider their strategies in Yemen. Efforts to counter Houthi attacks, such as Operation Prosperity Guardian, face significant challenges in achieving long-term stability 1. 5. Global Security Concerns: The increased violence and instability in the Red Sea have raised concerns about the security of international How wars, geopolitical tensions have impacted shipping industry | Ma rine Inbox ttps://www.marsh.com/en-gb/industries/marine/ insights/top-global-maritime-issues-facing-the- shipping-industry.html ttps://www.startus-insights.com/innovators- guide/maritime-trends-innovations/ #:~:text=1.%20Artificial%20Intelligence