Vessels may be unable to access ports while seafarers may also be barred from operating in certain nations in the event of a full-blown trade war.
The deal was announced this morning in London and as news spread to marine insurers in Cape Town, there was a concern over where it will leave the market.
IUMI targets membership increase in Africa.
Underwriters will challenge the tide of cases involving inaccurate or incomplete cargo labelling, IUMI committee chief warned.
The speculation prompted Evergreen to put out a statement to the Taiwan Stock Exchange.
Antong Holding will raise funds to expand its container ship fleet and construct two logistic parks.
IUMI Ocean Hull Committee chair has warned that the industry faces the threat of a prolonged soft market.
Chinese shipbuilder Yangzijiang is establishing a joint venture with Japanese trader Mitsui & Co.
A leading salvor said the introduction of more fire breaks would be a significant first step to prevent a fire from spreading across large numbers of containers.
Japan’s Mitsui & Co has booked a bulker duo from Imabari Shipbuilding.
Caribbean transhipment terminals already have spare capacity and a raft of new projects is set to provide carriers with even more options.
Once the acquisition agreement is endorsed by Thomas Miller’s shareholders, signing of the deal is likely to take place in early October.
Astrid Seltmann said there are worrying sides for cargo insurers following significant losses last year that gave rise to the most expensive North Atlantic hurricane season in history.