4th Iron Ore & Coal World Shipping Summit 2012

Prominent Greek shipping figures gave the pulse of shipping today at the Mare Forum which recently took place at Divani Hotel, Kavouri.
It is well accepted that the shipping market experiences very unstable conditions. In 2012, 335 vessels have been scrapped leading the shipping market to a new balance.

In his speech Mr. Nicky Pappadakis, chairman of Intercargo, explained the consequences of liquidfaction. In 2011-2012, 4 ships sank with 66 lives lost. To avoid liquidfaction there is a need of sample testing and controlling the moisture content.  Intercargo has undertaken an international campaign on this problem and all the owners should be aware of.

Mr. George Gratsos, president of Hellenic Chamber of Shipping described the current freight market. He said, shipping serves an integrated transport system. Ships bought at low prices have nowhere to go, only up.  He predicted that fuel costs are set to rise further either through market costs or legislation.

Full article, ELNAVI, Issue 467, November 2012, Page. 62

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