Commissioner: EU maritime industry has found global balance
The EU Commissioner of transport, Siim Kallas, does not fear the competition from the dynamic Asian growth centres such as Singapore. The EU plays a leading role within shipping, for example as a supplier of high quality products to the shipyards in Asia, he says to ShippingWatch.
BY TOMAS KRISTIANSEN
The EU Commissioner of transport, Siim Kallas, will not describe the EU maritime industry’s relationship with countries like China, Singapore or South Kores as filled with “threats” or “unfair competition”.
The container market, which for several months has been cooling down after two years with record earnings, has waned even further in September, accelerating the decline in freight rates, according to new figures from Clarksons Research.
Chief of environmental technology company ReFlow agrees with PwC Norway that shipping companies are not reporting well enough on scope 3 emissions. If they don’t pick up the slack soon, it will hit them full force in a couple of years, he says.
U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.
The falling spot rates in the container market have made more shippers seek out renegotiations of rates on their long contracts with box carriers. Numbers from Xeneta show that contract rates in September have dived by 1.1 percent.