Top forwarders all set for cash flow boost as earnings sag
When being flush is bad
Heart- (not global-) warming news from the Ocean Conservancy blog that a series of major shippers and one forwarder, Kuehne + Nagel, have become the latest signatories to the Arctic Corporate Shipping Pledge, which promises not to use the Northern Sea Route between Europe and Asia. Companies such as Puma, Ralph Lauren and Nike have joined shipping lines MSC, CMA CGM and Hapag-Lloyd, which have already guaranteed not to route their vessels through the Arctic.
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Comment on this article
Martyn Benson
January 09, 2020 at 4:52 pmMaybe you should have mentioned the fact that neither Maersk nor COSCO (nor the Russian state/ Rosatom) have actively pursued the Arctic Route and have not expressed their desire to avoid the Arctic.
What does Mr Skou say about this?