Havila Shipping's banks told the carrier on Thursday that they will declare the company's debt defaulted. Senior management at the Norwegian offshore carrier now has until Monday to get bondholders to accept the rescue plan which the same bondholders recently rejected.
The European Community Shipowners’ Associations echoes the criticism from national associations regarding the Norwegian law proposal on seafarers’ pay and working conditions. The proposed law seems to overstep several international laws, according to the organization.
The Covid-19 pandemic and supply chain chaos have made Türkiye a more attractive site of production, prompting hectic activity for freight forwarders and carriers: ”Our customers are investing heavily in equipment,” says DFDS head to ShippingWatch.
Shippers and carriers are increasingly moving ships away from Californian ports, which are having problems with container pile-ups and looming strikes. This means that the title of busiest port in the US has moved eastward.