The EU Commission is not considering intervening in the container shipping sector in order to bring down the record-high freight rates, several sources familiar with the field tell ShippingWatch.
As such, the EU will not follow China's example and summon shipping lines to a meeting after the rates have climbed to record highs on several routes, a development, among things, triggered by the fact that the major shipping companies simultaneously pulled ships one after another.
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Just now, dual-fuel is the golden buzzword for carriers ordering new large vessels, and it is equally significant for engine manufacturer MAN Energy Solutions. However, it isn't a viable solution for small and mid-sized product tanker vessels, says CEO of Hafnia Mikael Skov to ShippingWatch.
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