Government control of marine traffic will most likely result in the formation of another state-owned entity.
The solution lies in plain sight: better regulation, enforcement and government accountability.
Lars Jensen of Vespucci Maritime has warned that the situation could lead to a general average declaration.
Despite the ceasefire between Hamas and Israel the carrier will continue to avoid the Red Sea route for now.
The new legislation ensures that stronger measures, including hefty fines, are put in place to reduce pollution from ships.
The event was the latest in a series of targeted activities implemented by the IMO to strengthen security in the Port of Aden.
The new office will coordinate technical assistance for countries in the region.
The 25 seafarers have been handed over to Oman in line with the ceasefire agreement between Israel and Hamas.
Freight rates are affecting the sale and purchase market, with an increasing gap between buyers and sellers.
Ocean carriers are generally reluctant to arrange naval escorts from supporting governments.
Militants have held the crew and vessel hostage for 429 days since the start of the war in Gaza.
American ships are being overcharged while China is controlling the waterway, says Potus.
Diversions around the Cape are not what the industry wants, but the situation is stable and being managed.
