China has several projects in the works aimed at helping the country's shipbuilding and shipping sector. "I don't think that in the shipowners community there is a full understanding of the impact of the Chinese policy yet," says Sea Europe's Secretary General in an interview with ShippingWatch.
First the OECD was criticized by the World Shipping Council, which called the organization's latest report on container shipping companies' special competitive conditions "incomprehensible, erroneous and misunderstood." Now the OECD has fired back.
After a series of defeats and rebukes in the House of Commons, thus far preventing any deal with the continent, UK Prime Minister Theresa May has asked the EU to extend article 50's due date until late June. This could improve the chances of striking a digestible Brexit deal.
Official statements from the Chinese government reveal that it has ambitions to unseat Maersk as the world's largest container carrier. This is evident from a warning about China's influence by the Secretary General of Sea Europe, which organizes one of the cornerstones of the European maritime sector.
The latest version of the EU list of shipbreaking facilities has now received final approval. The Indian yards Maersk works with were not approved for the list. The rules will come into force two weeks from now.
The European Union and the UK have agreed on a draft Brexit deal. Now Prime Minister Theresa May's Cabinet must decide whether to back it or resign. EU officials caution that the deal is not settled until it is cleared in London.
In a comprehensive report, the International Transport Forum, under OECD, voices fierce criticism of the three mega-alliances. The negative consequences far surpass the benefits, and politicians need to act. Read the conclusions and find the complete report here.
The European Community Shipowners' Association wants the EU to add more yards to its list of approved sipbreakers. The latest comments follows shortly after two NGOs criticized shipowners for calling for more scrapping capacity.
A new deal between leading EU countries together with China and Russia will make it possible for companies to continue trading with Iran. However, the extent to which countries dare defy the US remains an open question.
The EU's chief negotiator Michel Barnier reached out to his British counterparts Tuesday in an attempt to find out how to set up the Irish border after Brexit. But the two parties still insist on different solutions.
The EU and Mercosur were unable to agree on the conditions for a trade agreement last week. But the negotiations continue, says the EU Commission. Maritime services is among the issues left up in the air.
The EU's trade talks with four South American countries has reportedly run into problems in Montevideo. Uruguay's foreign minister, Rodolfo Nin Novoa, is skeptical about the pending deal according to media El Observador.
The European Commission will not look further into the dispute over liner companies' emergency surcharges, a battle that has been going on for months. Nothing points to anti-competitive behavior, a spokesperson tells ShippingWatch. Shippers will meet and discuss the case again.
The Port of Dover will be hit hard by Brexit, if the scenario painted in a new report becomes a reality. There are concerns of customs chaos while a 20 kilometer highway is being converted to lorry parking. The company is preparing for the worst but hopes that rationality will win out.