Shipping braced for migrant cost

International conventions require vessels to help distressed migrant boats.

Shipping industry braces for costs from migrant crisis

By SARA SJOLIN

The shipping industry faces a hit to profits from the escalating migrant crisis in Europe, the security manager at the world’s largest shipping association has warned.

And as commercial vessels play their part in the humanitarian crisis, there could also be an impact on trade around the Mediterranean Sea, said Philip Tinsley, maritime security manager at Baltic and International Maritime Council.

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Source: marketwatch.com