Investment manager Fidelity International is inviting investors to co-sign a letter to the UN urging swift action by governments to tackle the unfolding “humanitarian crisis” in the shipping sector, caused by restrictions brought in because of the pandemic.
Fidelity reports that more than 400,000 seafarers are stranded aboard vessels and the same amount again remain ashore without work because of strict national restrictions on movement, which prevent crews from disembarking and being replaced. The International Chamber of Shipping, the industry’s representative body, has warned that this number could soon reach one million, if action is not taken.
A key measure called for in the letter to the UN Secretary General, António Guterres, is that all governments classify seafarers as ‘key workers’ and establish “systematic processes to enable safe crew changes such as safe corridors and testing regimes”.
Fidelity’s Global Head of Stewardship &