News From Lloyd's List DCN

Security debate is on two fronts

THE FEDERAL Government copped a lot of heat in 2009 for slowness to act on concerns about maritime security.

Smooth Sailing

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EU takes next steps in logistics probe

EUROPEAN logistics operators Panalpina, Kuehne+Nagel and a French subsidiary of DSV have received statements of objections from the European Commission over allegations of uncompetitive behaviour in the freight forwarding industry stretching back two years.

Hong Kong shippers warn lines over cost of soaring rates

SHIPPERS in the Asia scrambling for outbound container space on boxships will “regain the upper hand” and remember the actions of “unscrupulous shipping lines” when the capacity shortage is over.

Tankers facing heavy losses

TANKER owners face annual losses of up to US$2m per vessel over the next five years as an oversupply of tonnage and low rates produce poorer cash flows.