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Marine Link excerpted a recent article in USNI ‘Proceedings Magazine’ by Stephen M. Carmel:
Arctic shipping routesMaritime pundits believe a shrinking ice cap translates to a frenzy of traffic as shippers rush to exploit shorter sea routes. They’re wrong.
Clearly, a great deal can happen in 30 or 40 years, so it is a mistake to try to overlay a melting Arctic on today’s geo-economic situation. It is the state of the world at that future point interacting with a melted Arctic that matters. Already, changes in the patterns of global trade have had significant implications for the utility of Arctic routes. Increasingly expensive labor in China, for example, is pushing Chinese manufacturing to be outsourced to countries in Southeast Asia where costs are lower but Arctic routes offer no advantage.
Read the rest at Marine Link
Filipino container terminal operator International Container Terminal Services Inc (ICTSI) has filed for arbitration over its treatment at the hands of Batumi Sea Port (BSP), as relations between the two companies appear to have broken down.
The Manila-headquartered company, which has a history and strategy of winning concessions and developing box terminals in some of the most challenging environments, released a statement to the Philippines Stock Exchange last week announcing that its dispute with its landlord in the Georgian port has now gone to the London Court of International Arbitration.
More at The Loadstar
Source: Think Progress
Source: Labor Notes
Source: The Times-Union
Source: Times Reporter
Source: Washington Free Beacon
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