Synopsis: A ship transporting steel coils from Posco, a Korean steelmaker, via Samsung, has been hijacked by pirates off the Somali coast. The vessel, Ruen, car
The container shipping markets and trades have recently seen an unprecedented demand for container vessels. However, due to the growing pressure on container slot availability with demand exceeding the current supply on container vessels on specific routes, exporters are looking at alternative vessels to fulfil carriage commitments. As a result, the Club has seen incidents .