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04 August 2020 The on-line newspaper devoted to the world of transports 19:37 GMT+2

May 28, 2001

New ship safety laws will cost shipowners dearly

Rates likely to go up, writes Alan Peat

SWEEPING CHANGES in ship safety requirements are due to come into effect from next year - and will add new cost pressures for ship-owners and operators, according to Rob Young, marine director of Unicorn Lines.
And this, inevitably, will be an upward pressure on freight rates over the next decade - as the new IMO (International ......
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