A new report by Euler Hermes has found that the UK economy is “trapped by policy choices” going into the end of 2021 and beginning of 2022.
Though you may be familiar with the terms demurrage and detention in the context of the container business, this article will be focusing on the process of laytime and demurrage in those cases where the vessel is chartered to move oil, chemicals, or dry bulk.
The Department for International Trade has recently published its Global Trade Outlook report. TFG summarised of the key points from the report, outlining what could be in store for global trade between now and 2050.
Your morning coffee briefing from TFG. Korea contributes CHF 290,000 to help developing countries participate in global trade, commodity dependence increased over the last decade, supply chains crisis will leave lasting change on globalisation, food price inflation increases pressure on poorer countries and Brexit trade barriers added £600m in costs to UK importers this year.
The impact of the March 2021 incident of the container ship M.V. Ever Given with around 18,300 containers onboard running aground in the Suez Canal has generated international attention and its consequences will continue to unravel for years to come.
COVID-19 puts international trade to a halt following the closure of the Ningbo-Zhoushan port in China and causing a global microchip shortage. There are other unanticipated issues to account for, such as the Suez Canal blockage.
Prime Minister Boris Johnson has appointed ten Trade Envoys who will boost British business in dynamic markets such as Australia, Brazil and Canada. These Trade Envoys are set to promote… read more →
World trade of goods has declined some 12% in the last year, representing a loss of $22 trillion USD of trade. Is it all doom and gloom for trade, or will we see a resurgence?
The World Economic Forum/Ipsos’s latest survey on globalisation has found that 1 in 2 is unsure about the benefits of globalisation. Globalization questioned by almost half of those surveyed, with… read more →
European Union unveiled new legislation to help meet its goal of reducing net greenhouse gas emissions by at least 55% by 2030, including a controversial plan to tax foreign companies… read more →
