A memorandum of understanding (MOU) signed this week by three of the largest shipowning groups makes a lot of sense in a fragmenting world. The International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Association (ECSA) need to cooperate more closely.
One of the biggest threats to the free movement of shipowners is the growth of nationalism, protectionism and trade wars.
