Warning to firms as Covid puts more and more workers at risk of modern slavery
Corporate exposure to modern slavery, particularly in retail and apparel, has seen a significant increase ...
Cambodia has scrapped its flag of convenience scheme following pressure from the EU and an inability to police foreign-owned ships using the country’s flag. No foreign ships may now sail under Cambodia’s flag – although according to the Phnom Penh Post, more than 35 were still operating on the date the scheme ended. However, the government has ordered that ports no longer grant them access, and has informed the IMO.
Cambodia suffered a series of problems with ships which violated the law. A Cambodia-registered ship from North Korea was found transporting illegal arms to Yemen; and in 2013 the EU banned all fisheries imports from Cambodia, claiming that vessels flying its flag were using illegal fishing practices. The EU asked Cambodia to improve tracking procedures for Cambodia-flagged ships, but it was unable to do so, and preferred to improve its image by scrapping the scheme.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
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During August 2023, please contact
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Alessandro Pasetti
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