Index-linked agreements: 'shippers have to have the stomach for them'
Shippers pondering the pros and cons of index-linked agreements (ILAs) “have to have the stomach ...
The introduction of ship recycling licences for all vessels calling at EU ports has been rejected by the trade association representing some 80% of the world’s merchant fleet.
The proposal was aired in the conclusion of a study undertaken on behalf of the European Commission and would compel all ships calling at EU ports, regardless of flag, to purchase a recycling licence.
There are concerns that shipowners are re-flagging vessels to a non-EU “flag of convenience” and are thus not subject to EU rules on ship breaking.
However, the London-headquartered International ...
European port congestion now at five-to-six days, and getting worse
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