Box volumes are back at Beirut Port – but so is corruption and instability
Three years after the port explosion in Beirut, container shipping has returned to normal – but ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
The dark side of the shipping industry – well, one of them – has come to the fore following the tragic explosion in Beirut and the ship which ran aground in Mauritius, leaking heavy oil and toxic fuel onto a coral reef. An article in Forbes says it’s time to review shipping regulations, in particular vessel registration.
The ship is Japanese-owned but Panama-flagged, and Japan has not offered to help with the clearing up, despite the vessel being 200 miles off course. The author argues for a vessel risk index, based on ownership, crew, vessel safety and so on, which would also give some transparency to customers choosing a shipping line.
There’s a lot that must be done: start by reading this article.
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