The Asian Shipowners’ Forum (ASF) added the Indian National Shipowners Association as its latest member at its 18th meeting held in Tainan on May 26
‘With the latest addition, there are now eight members in the ASF. During the meeting the ASF discussed the repercussions of the worldwide economic downturn which has contributed to the dramatic fall in shipping markets. Members of the ASF agreed to maintain as much as possible recruitment and training initiatives despite the present market conditions.The ASF further noted the April 30 announcement by the Panama Canal Authority (ACP) of the short-term reduction of charges. The ASF urged the ACP to institute a more significant reduction over a longer duration.