Pacific Basin Shipping boss, Martin Fruergaard, gives account of the extent the dry bulk industry is wrestling with drug smuggling, particularly cocaine, on ships in South and Central America

Mr Fruergaard said that in 2023, authorities discovered a staggering 167 tonnes of cocaine on board vessels in the region, with an estimated 50% of smuggled drugs remaining undetected. This translates to an estimated 1,100 tonnes of cocaine being transported out of South America and Latin America on ships each year. Pacific Basin Shipping spends […]