Latest News & Developments
Cargo ships put to sea half empty, fluctuating freight rates and possible shipping route changes are some of the recent adjustments industry specialists have noted.
The OECD’s report on the ocean economy reveals a doubling in value from $1 trillion in 1995 to $2 trillion in 2020, yet warns of significant threats from climate change and geopolitical tensions. As the ocean economy could quadruple by 2050, urgent action is needed to secure its future.
A US policy expert warns that South Africa could face maritime sanctions and trade restrictions following a new Federal Maritime Commission inquiry, potentially further straining already tense US-SA relations. The warning comes amid South Africa's stance on Israel-bound vessels and broader maritime chokepoint investigations
"NSRI launches an investigation after survival immersion suits are found adrift in False Bay, raising concerns about a possible maritime incident. "