A coalition of 37 maritime industry groups is asking Congress and President Joe Biden to fund a new relief program to strengthen an industry weakened by the effects of COVID-19. “Despite container surges at several large ports, commercial cargo volumes have plummeted across the industry — total waterborne trade volume is down 5.5% compared to… Continue reading Ports Press Congress, Biden for Emergency Funds
Tag: shipping industry
Allianz Warns of Costs from New Shipping Emissions Rules
New emissions rules set to hit the shipping sector from next year risk causing costly harm to vessels, German insurance giant Allianz said in a study published Tuesday. “The worry is that we could see an increase in the frequency and cost of machinery breakdown claims” related to the changeover, senior shipping underwriter Justus Heinrich… Continue reading Allianz Warns of Costs from New Shipping Emissions Rules