1、ICS Maritime Barometer Report 2024-20252ICS Maritime Barometer Report 2024-2025Foreword Building stability in a volatile worldICS Chairman,Emanuele GrimaldiShipping operates in a rapidly changing world,where political unpredictability has become the new normal.Not only have physical conflicts increa
2、sed around the world,but we may also face escalated trade wars if the US-China relationship continues to deteriorate.Financial markets are volatile at a time where great investment is needed for a safe and greener future for our industry.This geopolitical instability is making and reshaping our busi
3、ness operating environments,adding caution and uncertainty to commercial decisions,in addition to re-writing long-standing trade relationships and trade routes.These all have costly implications for our industry and the wider economy,strengthening the possibility of a global recession.Thanks to mari
4、time leaders sharing their views with us,we have a clear picture of just how big a risk political instability is to business operations,with data showing that this has consistently been the top risk since the 2022-2023 ICS Maritime Barometer survey.What is new this year is the all-time low in indust
5、ry confidence to handle the risk that this poses to individual companies and our sector as a whole.These insights guide the manner in which we champion our members,letting us know that we need to increase our ongoing collaborations with governments around the world and lobby for shipping and wider m
6、aritimes unique needs.ICS has worked hard to secure protections for shipping and repatriation of crews caught in the crossfire of global conflict.We have collaborated with stakeholders to push forward updates to the ILOs Maritime Labour 3ICS Maritime Barometer Report 2024-2025Convention,where provis