Trade wars and protectionism threaten global shipping, warns UN agency

The warning from UNCTAD, the UN Conference on Trade and Development, follows a “healthy” four per cent increase in global seaborne commerce in 2017. “While the prospects for seaborne trade are positive, these are threatened by the outbreak of trade wars and increased inward-looking policies,” UNCTAD Secretary-General Mukhisa Kituyi said. “Escalating protectionism and tit-for-tat tariff […]

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ClassNK Advises Existing Ships To Install BWMS Early On

Leading classification society ClassNK has analyzed the retrofitting status of ballast water management systems (BWMS) on its registered ships and confirmed that installation deadlines based on the Ballast Water Management Convention (BWM Convention) for many of them are highly concentrated in the year 2022. As difficulties are expected in the installation of BWMS if everyone […]

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