Geopolitical Tensions Bring New Shipping Risks
Rahul Khanna of Allianz Commercial discusses the risk outlook for shipping in the rapidly evolving geopolitical landscape.
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USTR Proposes Service Fees Targeting China Shipping
The U.S Trade Representative has proposed Section 301 service fees targeting China’s maritime sector. VesselBot has quantified the potential impact these measures would have on major carriers and U.S. trade flows.
Read moreNew Panama Canal Anniversary
The Panama Canal commemorated the one-year anniversary of the inauguration of its Expanded Canal, one of the most significant milestones in the history of the 102-year-old waterway and a defining moment for the people of Panama and the global maritime industry.
Read moreThe New Silk Road
China has announced it will institute a new policy called “One Belt and One Road” (OBOR). The Silk Road Economic Belt will comprise three routes connecting China to Europe (via Central Asia), the Persian Gulf, the Mediterranean (through West Asia), and the Indian Ocean (via South Asia), according to McKinsey. More than 60 countries, with a combined GDP of $21
Read moreSingapore Is #1 Maritime Capital
Menon Economics has named Singapore as the top maritime capital of the world in its annual report. Ranking behind Singapore are Hamburg, Oslo and Shanghai, in respective order. Experts say Singapore would remain the “most important city” come 2022, although Shanghai will likely become the second most important maritime hub. Caption: The Port of Singapore with Sentosa island in the background. (Photo Credit: Kroisenbrunner)
Read moreBallast Water Exchange Is Problematic
A new invasive species study by the Smithsonian Environmental Research Center (SERC) discovered one of the main tactics ships use for stopping invasive species—ballast water exchange—isn’t working nearly as well as managers hoped. Marine scientists looked at ballast water from ships entering Chesapeake Bay before and after ballast water exchange became mandatory in 2004 and found that, contrary to expectations,
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