Page 6 - 2021 - Q3 - Minerva in Focus
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           Singapore launches
           the Sea Crew Vaccination



           As part of the overall plan to strengthen
           the community’s resilience to COVID-19
           and its port waters activities against the
           pandemic, Singapore rolled out the Sea   to eligible foreign sea crew, subject to   This means annual shipping losses were
           Crew Vaccination Initiative, or SEAVAX.   availability.               halved  over  the  past  decade (2011  - 98),
           Vaccinating sea crew will provide an ad-                              although 2020 was the first time in five
           ditional  level of protection  to  onshore   Source: Maritime and Port Authority of   years losses have not declined, suggesting
           workers and passengers who may interact   Singapore                   the Safety loss total could be stabilizing
           with them. This was announced by Mr.                                  around the minimum level.
           for Transport, at the opening of this year’s  The shipping sector     The 2020 loss represents a significant
           Chee Hong Tat, Senior  Minister of State
                                                                                 improvement on the rolling 10-year loss
           International Safety@Sea Week.     continued its long‑term            average (88), reflecting the positive effect
           As a major transhipment and bunkering                                 of an increased focus on safety measures
           hub in one of the world’s major shipping   positive safety trend      over time, such as regulation, improved
           lanes, Singapore will play its part in the                            ship design and technology, and advances
           global initiative to vaccinate seafarers.   through 2020              in risk management.
           Under the new SEAVAX initiative, eligible                             South China, Indochina, Indonesia, and
           groups  of  non-resident  foreign  sea  crew   #safety                the Philippines are the global loss hot-
           will be offered COVID-19 vaccination on a                             spot, accounting for a third of all losses
           voluntary basis from 30 August 2021. These                            in 2020 (16), with incidents up slightly
           include:                                                              year-on-year (2019: 14). The East Medi-
           •    Sea  crew  in  Singapore  with  stays                            terranean and Black Sea (7) and Arabian
                of more than 30 days, who work on                                Gulf (4) regions saw significant increases
                board homeported cruise ships,                                   in loss activity, ranking second and third.
                ships under repair in shipyards, and                             Southeast Asian waters have also been a
                yachts at marinas used for events,                               major loss location in the past decade (224
                cruises, and private charter.                                    incidents), driven by a number of factors,
           •    Sea crew who work on board fishing                               including high levels of local and inter-
                vessels, ship supply vessels, and   The international shipping industry is   national trade, congested ports and busy
                regional  ferries enter  and  leave   responsible for carrying around 90% of   shipping lanes, older fleets, and exposure
                Singapore’s waters at least once a   world trade, so the safety of vessels is   to extreme weather. Together, the South
                month, providing essential services   critical. In its annual Safety and Shipping   China, Indochina, Indonesia and Philip-
                such as the provision of ship sup-  Review report, Allianz Global Corporate &   pines, East Mediterranean and Black Sea,
                plies, transportation of food and   Specialty (AGCS) says that the sector con-  and Japan, Korea, and North China mar-
                raw materials, as well as ferrying   tinued its long-term positive safety trend   itime regions account for half of the 876
                passengers.                   through 2020, with the number of reported   shipping losses of the past ten years (437).
           The Pfizer-BioNTech/Comirnaty or Mod-  total losses of over 100GT remaining sta-
           erna COVID-19 vaccines will be offered   ble at 49 compared with 48 a year earlier.   Source: Allianz
          4  MINERVA IN FOCUS – ISSUE 17 / Q3 2021
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