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Nearly a week ago, a cargo ship — which if it stood on its end would be taller than either the Empire State Building or Eiffel Tower — ran aground in the canal completely blocking the waterway. Goodman and Reed observe, “The route around Africa involves crossing through an area off Somalia that is rife with piracy.
The attack is the most recent sign of a fresh bout of Somali piracy in the Indian Ocean, coinciding with a slew of attacks on merchant shipping in the Gulf of Aden and the Red Sea.
Eyefortransport is currently seeing major consolidation occurring in the shipping industry and expects to see further moves as logistics providers look to take advantage of e-commerce, cross-border trade and shifting global demand. Saint Vincent and The Grenadines. San Marino. Sao Tome and Principe. Saudi Arabia. Seychelles. Sierra Leone.
Eyefortransport is currently seeing major consolidation occurring in the shipping industry and expects to see further moves as logistics providers look to take advantage of e-commerce, cross-border trade and shifting global demand. Saint Vincent and The Grenadines. San Marino. Sao Tome and Principe. Saudi Arabia. Seychelles. Sierra Leone.
There is chance of a rise in insurer premiums for ships that travel that area, which could lead to increased shipping costs. The scalawags have shown little interest in taking crew members hostage – they spook easily when confronted by authorities, and generally do not board ships in search of cash or products.
That means maritime shipping lies at the very heart of the global logistical system. You might recall that during the first decade of this century, piracy was a growing concern with Somalia at the epicenter of pirate activity. ” Unfortunately, these security concerns are not the only challenges international shipping is facing.
Federal Maritime Commission in accordance with the Shipping Act and the regulations of the Commission set forth in 46 CFR Part 500. Ship" means the vessel named in this Bill of Lading, or any conveyance owned, chartered, towed or operated by Carrier or used by Carrier for the performance of this contract. Kitts and Nevis St.
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