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 ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
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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