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Today in Singapore, the International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) signed a joint memorandum of understanding.
ICSfully supports the submission made by Shipping Australia Limited in support of the maintenance of Part X of Australia’s Competition and Consumer Act (CCA). ICS agrees that the current regulatory environment in Australiaencourages container lines to competerobustly in terms of the quality of service that they provideand that the current approach,which has continued to be applied since the last major review of Part X in 2005,does not inhibit competition.
The International Chamber of Shipping has called on Director General Dr Ngozi Okonjo-Iweala to prioritise maritime transport in World Trade Organization (WTO) initiatives and negotiations.
Shipping and World Trade Facts: Top Containership Operators | The international shipping industry is responsible for the carriage of around 90% of world trade.
The International Chamber of Shipping (ICS) is running a unique series of digital events which will give shipping industry leaders an insight into how the post-COVID direction of national policies and corporate strategies outside the industry will impact on the future of shipping and international trade.
Join Singapore's Senior Minister of State, Chee Hong Tat and industry experts to discuss the global trade outlook for 2021 and shipping's performance.
At the OECD International Transport Forum in Leipzig, Germany, the annual gathering of the world's transport ministers from more than 50 countries (22-24 May), the views of the global shipping industry were represented by the International Chamber of Shipping (ICS), the principal global trade association for shipowners.
Shipping has proven resilient through the pandemic but challenges of crew change and vaccine passports continue
Demand for shipping is benefiting from a global trend in international relations where nations increase trade with allies, a shift known as friend-shoring.