The UK Chamber of Shipping has today published a new study on the impact of the European Union on the UK’s £10bn shipping industry.
Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period.
Indian state-owned firms may have to give half their freight business to local shippers to help rescue an industry battered by the global commodities downturn.
In advance of the United Nations Climate Change Conference in December, the global shipping industry, as represented by the International Chamber of Shipping (ICS), has launched some key messages to government negotiators, explaining the impressive progress the industry is making to reduce its carbon footprint.
Trelleborg’s marine systems operation has launched two new webinars discussing the current state of the port environment, and the opportunities arising for facilities looking to take steps toward more strategic investment and supplier support.
Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I Club. His comments were published on 16th July, 2015 in the 170 million GT, ‘A’ rated Club’s 2015 Management Report.
A growing vessel glut is battering sentiment in the shipping industry at a time when players face risks to growth in Asia and turmoil in countries such as Greece, a leading transport survey showed on Monday.
Heikki Soljama, Managing Director for ABB’s marine and ports business, spoke about the crucial role of technology as the enabler of future success in shipping at the opening conference of Nor-Shipping.