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ECSA concerned of Indonesia’s new protectionist rules on shipping trade

ECSA expressed its opposition to a new law by Indonesia, imposing that certain commodities can only be transported for import or export by national maritime transport companies. European shipowners request EU to react upon “this violation of free trade principles”, especially in light of the ongoing FTA discussions between EU and Indonesia.

Tanker industry to face a challenging 2018

Loss-making freight rates shows that the tanker industry is currently battling. Overcapacity, weak ”trading demand” and weak OPEC output have put pressure on the conditions that usually boost long hauls, something that may result in extended losses into 2018.

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