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5 Challenges Facing The Maritime Industry

Law360, New York (March 11, 2016, 6:01 PM EST) -- As the maritime shipping industry contends with overcapacity, dips in freight rates and slow economic growth, all eyes are on a bevy of new regulations and developments that will increase the business challenges for importers, exporters, freight carriers and port operators.

A new international mandate requiring all containers shipped via ocean carriers to have their weight verified remains a top-of-mind concern for shippers and ocean freight carriers, but inadequate investments in port infrastructure to manage the expected onslaught of megaships, along with hints of more consolidation and competition, have the industry worried.

Here are five challenges the maritime industry is facing....

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