Tag: ICC

As the end of each year is always a time of review, reflection, and celebration, in a comprehensive year-end recap, we bring you 23 key moments that have profoundly influenced the shipping industry in 2023, showcasing notable strides toward sustainability.

Digital Container Shipping Association (DCSA) announced the formation of the Future International Trade (FIT) Alliance with the signing of a memorandum of understanding (MOU) between DCSA, BIMCO, FIATA, the International Chamber of Commerce (ICC) and SWIFT.

ICC FraudNet has published a new Global Annual Report to highlight international developments and perspectives in fraud, financial crime and asset recovery.

Following the virtual meeting of IMO MEPC 75 on November 16-20, 2020, the Inuit Circumpolar Council urged for stronger protection of arctic shipping, considering the passed HFO ban as "weak".

The International Chamber of Commerce’s (ICC) issued its 11th annual Global Survey on Trade Finance, highlighting how COVID-19 has created an unprecedented environment for trade, disrupting economic activity and the flow of goods across supply chains.

The International Chamber of Commerce (ICC) is collaborating with the Singapore Government and additional firms to fasten the adoption of digital technologies in trade and commerce, following the rapid development of digitalization in the shipping industry.

ICC's International Maritime Bureau (IMB) reports 119 incidents of piracy and armed robbery against ships for 2019, in comparison to the 156 incidents that were reported in the same period in 2018, with the Gulf of Guinea remaining a high risk area for piracy and armed robbery. 

The International Chamber of Commerce (ICC) launched Incoterms® 2020, the newest addition of the renowned trade terms concerning delivery goods, providing certainty and clarity to business and traders everywhere.

ICC published a report on piracy and armed robbery in the timeframe from January 1 to June 30, 2019. Based on the report, the seas circling West Africa are the most dangerous for piracy, as of the 75 seafarers taken hostage onboard or kidnapped for ransom worldwide so far this year, 62 were captured in the Gulf of Guinea – off the coasts of Nigeria, Guinea, Togo, Benin and Cameroon. 

The International Chamber of Commerce Banking Commission released its 2018 Trade Register report, highlighting once again the low risk nature of trade finance in comparison to other asset classes. In 2018, global trade reached a new peak of US$18.5 trillion.