Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction

The Daily View: Another headache

Your latest edition of Lloyd’s List’s Daily View — the essential briefing on the stories shaping shipping

SHIPPING has found itself in the middle of multiple geopolitical headaches in recent years.

Having been forced to reroute around the Cape of Good Hope in the face of Houthi rockets and spend thousands — maybe even millions — on compliance tools to stay the right side of Western sanctions on Russia and Iran, it must now dance around the latest directive from Türkiye.

Agents will now have to prove that neither their vessels, nor their owners, have any affiliation to Israel before they are allowed to dock at Turkish ports.

This will most likely come out in the wash. Shipping companies, including some of the big container lines, will find a way to get cargo to where it needs to be, most likely by transhipment in another eastern Mediterranean port.

But it’s yet another problem the industry will have to navigate. Don’t forget, no shipowner is responsible for what happened on October 7, or the death and destruction that has followed in Gaza, just like they were not responsible for the invasion of Ukraine in 2022.

They also were not responsible for the tariffs issued by Washington, or the retaliations issued by Beijing.

Navigating this growing minefield has become a condition of business in the past 18 months, and it all costs money, whether its increased fuel around the Cape of Good Hope, or the chartering of a Japan-built vessel in anticipation of a USTR port fees proposal we’re still waiting to be finalised.

It’s true that disruption is often the shipowners’ friend. Red Sea rerouting in particular has kept the wolf from the door of several sectors, not least the container industry, where overcapacity has been nicely soaked up by the extra days at sea.

But the directive from Ankara is just another example of how the life of the average employee in shipping is becoming more difficult through no fault of their own.

It’s not shipping’s job to referee global conflicts, but once again it will have to work its way around another potential headache to keep goods on shelves and food on tables.

Joshua Minchin
Senior reporter, Lloyd’s List

Click here to view the latest Lloyd’s List Daily Briefing

Related Content

Topics

UsernamePublicRestriction

Register

LL1154610

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel