Welcome to the Propeller Club of Monaco!
Onboard the online edition of the Propeller Club Monaco we would like to stay loyal to our mission of supporting the local shipping community with an interactive platform for knowledge exchange on subjects of interest to the shipping world.
OW and Hanjin – two dramatic collapses in shipping in very recent months. Few predicted them – nearly everyone in shipping has been affected by them, directly or indirectly. The Press has been full of stories about why they crashed and the lessons that can be learned. Is there any real connection between them? Are there really new lessons to be learned? Are there ways to guard against fallout from similar collapses in future? Or is this just history repeating itself? Jon Elvey – 35 years at Ince & Co – looks at what happened and whether a bigger picture emerges.