Global Shipping Authorities Warn of Maritime Trade Breakdown Amid Geopolitical Turmoil
20 Articles
20 Articles
A group of the world's leading maritime authorities warned in a joint statement that shadow fleets and parallel systems emerging as a result of sanctions evasion are creating a two-tier structure in international shipping, seriously undermining the safety and predictability of maritime trade, CNBC reported.
Global maritime authorities have warned that the emergence of "parallel systems" risks creating a two-tier structure in international maritime transport, which undermines confidence and safety at sea, according to CNBC. In a joint statement issued on Tuesday, Consultative Shipping Group (CSG) — an informal form of cooperation between maritime authorities of 18 maritime nations [...] Article Global maritime trade, in the threshold of fragmentatio…
The international maritime system, which has operated for decades on the basis of clear rules, has broken down and warned the world's largest maritime states. Warning comes in the context of the wars in Ukraine and the Middle East, as well as on the background of the expansion of the shadow fleet operating outside Western control, reports Financial Times.
Economy: Direct. Maritime authorities in 18 countries, today Tuesday, warned that geopolitical disturbances and networks to circumvent sanctions threatened to rip apart global maritime trade, warning of...
Maritime authorities from 18 major maritime countries have warned that the international maritime transport system is becoming increasingly fragmented, which could lead to the creation of a kind of "two-track" system. More than 80 percent of world trade is carried out by sea, so the loss of uniform rules and trust between countries could...
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