Two-ship collision shuts down Bosphorus Strait

A new report by Iata emphasises the industry's need to reduce the use of plastic sheeting and stretch wrap, commonly found in cargo operations.

The company has previously fallen foul of health and safety regulations for using faulty equipment.

Several trades have seen average sailing speed reach multi-year highs as carriers rush to get their ships back for their next scheduled sailing.

Carriers have voluntarily waived or refunded $3.2m in charges raised by the Commission. 

“She is really doing everything possible to help our terminals."

The International Monetary Fund has lifted its outlook for the US and UK but lowered it for the Eurozone.