Carriers

ICS: Competing interests could make it difficult to scrap ships

It would be best for the sector as a whole if more carriers sent ships to be scrapped. But it does not always make sense for the individual carrier, and as such, it could become difficult to get rid of the current overcapacity, notes the  International Chamber of Shipping in new report.
Photo: IMO
Photo: IMO
BY NIKLAS KRIGSLUND

The global shipping sector finds itself in a tight spot in which the carriers' own interests could end up detrimental to the common good.

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