Amid COVID-19 pandemic, IMO, UNCTAD and other relevant organizations issued a joint statement on the contribution of international trade and supply chains to a sustainable socio-economic recovery.
UK will be comfortable with ending the talks on a free-trade deal with the EU, if they do not produce a result before an upcoming EU summit scheduled for October 15, UK Prime Minister Boris Johnson is set to announce Monday.
US-based blockchain company ShipChain announced launch of ShipChain Mainnet, a new blockchain platform, seeking to achieve a modular system across the entire supply chain.
Portbase recently completed the first phase of connecting with the TradeLens, a Maersk-IBM developed platform which focuses on trade digitization underpinned by blockchain technology.
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.
South Asia Gateway Terminals (SAGT) recently joined TradeLens digital platform, jointly run by A.P. Moeller-Maersk and IBM, becoming the the first terminal in the country to adopt blockchain technology.
In light of the Brexit situation and the plenary vote in the European Parliament on the recommendations of the future EU-UK relations, ECSA expressed its concerns.
The European Commission has approved under EU State aid rules the prolongation until end 2023 of various Italian support measures for maritime transport under Italy’s “International Registry” scheme. The scheme encourages shipping companies to register their ships in Europe and so ensure higher social, environmental and safety standards.
New Zealand will allow entry of some maritime vessels, as it looks to open up its economy after lifting all COVID-19 restrictions. Cruise ships and people travelling for leisure, however, will continue to be banned from entering the country.
Recognizing the importance of maritime transport for the world’s resilience, IMO and UNCTAD reiterated calls for governments to allow crew changes and ensure seafarers and other maritime personnel have access to documentation to return home safely.
