Despite lower volumes and elevated capacity, carriers have managed to keep rates at acceptable levels of late in part by favoring shorter, more frequent general rate increases.
Even though the claims originate from more than seven years ago, the government alleges artificially high freight rates are nonetheless hurting South Africa’s consumers and exporters.
The IMO and IAEA are working on setting up international regulations and standards that would underpin the production and development of nuclear power in the maritime industry.
