Archive for March 3rd, 2022
Archive for March 3rd, 2022

Archive for March 3rd, 2022

03
Mar

Estonian cargo ship sinks off Ukraine coast near Odessa after explosion

An Estonian-owned cargo ship has sunk today in the Black Sea off the Ukrainian port of Odessa after an explosion, Reuters has reported. The vessel’s manager, interviewed by Reuters, said that two crew members were in a life raft at sea while four others were unaccounted for. Igor Ilves, managing director of Tallinn-based manager Vista […]

Share This Post
02
Mar

Global brands boycott Russia – including Apple, Ford, Nike and Disney

Global brands such as Apple, Ford, Nike, Disney and Warner Bros are stopping sales in Russia following its invasion of Ukraine. Apple, the world’s most valuable brand, said that it stopped exporting products into Russia last week, ahead of pausing sales.  Apple In a statement, the US tech giant said it will stand “with all […]

Share This Post
02
Mar

United Nations climate change report – five things traders need to know

United Nations body the Intergovernmental Panel of Climate Change (IPCC) has issued what has been described as its “bleakest warning yet” about what the failure to address the issue will mean for the world’s liveable future. At more than 3,500 pages the report covers a vast number of themes, but what do traders need to […]

Share This Post
02
Mar

Sea, road, rail and air routes into Russia are shutting down as world reacts to Ukraine invasion

Global shipping companies are starting to cancel or amend their services into Russia and Ukraine after countries around the world have imposed an unprecedented array of economic and other sanctions on Russia in the wake of Vladimir Putin’s invasion of Ukraine. Last week Maersk halted ships going to Ukraine until the end of February and shut its […]

Share This Post
26
Feb

UK signs digital trade deal with Singapore ‘for quicker, more trusted access to lucrative market’

Trade minister Anne-Marie Trevelyan has signed a digital trade deal with Singapore on the final day of her Asia-Pacific tour. The UK-Singapore Digital Economy Agreement (DEA) is the first by a European nation. According to the government, the deal will strengthen the UK’s £16bn trading relationship with Singapore by ending outdated rules for goods and services exporters, […]

Share This Post
19
Feb

UK’s competition watchdog unites with global counterparts to probe shipping price ‘collusion’

The UK’s Competition and Markets Authority (CMA) is teaming up with fellow competition bodies in the US, Canada, Australia and New Zealand to detect and investigate collusion between suppliers or shipping groups to hike prices. Agencies in the ‘Five Eyes’ nations – the name given to an intelligence alliance consisting of the US, the UK, Canada, Australia […]

Share This Post
17
Feb

Cross-border Irish trade jumped by £2.8bn in 2021 as British exports to the Republic dropped

Cross-border trade between the Republic of Ireland (ROI) and Northern Ireland (NI) jumped by €2.8bn in 2021, according to full year figures from Ireland’s Central Statistics Office. Imports to ROI from NI were up 65% to €3.9bn, with trade in the other direction up 54% to €3.7bn. ROI-GB imbalance   There was a drop of just over […]

Share This Post
16
Feb

New shipping group pushes for global adoption of digital bills of lading to replace print documents

A new group is being formed to promote the use of electronic bills of lading (eBLs) in place of traditional print documents, by developing and sharing an open-source global eBL standard. Bills of lading are legally-binding documents for moving freight, and as such are critical for financing, proof of ownership and customs clearance of goods […]

Share This Post
09
Feb

New monitor shows boost in number of UK exporters

he effects of Brexit on UK exporters over the last 12 months are still evident UK Exporter Monitor, February 2022 New modelling from the Exporter Monitor produced by data group Coriolis Technologies and the Institute of Export & International Trade shows a pick up in January 2022 of the 12 month average for the number […]

Share This Post