Shipping powers warn global maritime rulebook is breaking down

AI Summary

Eighteen leading maritime nations have warned that international rules governing global shipping are eroding, risking fragmentation of maritime markets and global trade. The Consultative Shipping Group's statement emphasizes the threat to free shipping principles.

Eighteen of the world’s leading maritime nations have issued an unusually stark warning that the international rules underpinning global shipping are being eroded, threatening to fragment both maritime markets and global trade. In a public statement titled In defence of free shipping, the Consultative Shipping Group (CSG), whose members include Greece, Japan, South Korea, Singapore, …