New FMC chair prefers that shipping comes up with its own solutions
FMC Chair Daniel B. Maffei urges the container industry to join forces with regulators to solve the problem with congested ports. A former Democratic congressman, he is pragmatic in his approach to the industry, he says in an interview with ShippingWatch prior to reports that the US is preparing an executive order in reaction to the strained freight market.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.