Shipping Trade and Transport News 7th October 2015

 Missing Vessel El Faro

The search continues for the missing vessel however the Coast Guard has released new photos of debris found during their search for survivors. It is believed the vessel sank during Hurricane Joaquin on the 6th October. Unfortunately the ship sank in an unknown location.

  

 M.V Haidar Capsized (Brazil)

The vessel capsized alongside the peir Vila Do Conde leaving 2015 cattle stranded on top of the overturned vessel.  It is reported that around 5,000 animals were on board the vessel at the time of the sinking

Stena Gothica listing 

Whilst leaving Fredrikshavn the vessel entered the port of Goteborg with a  stsrong list to port side. The ship was loaded with 35 trucks, 39 passengers and 35 crew.  The owners are trying to establish the cause.

Port News

Rotterdam Port - Damen buys Rotterdam repair yard
Piraeus port privatisation delays
Hamburg expects cruise ship record for 2016

Trade News

 EU -

• Trade openness is a necessary condition to lasting economic development. The rise of emerging economies like India, China and Brazil demonstrates the potential of trade-driven growth to lift millions out of poverty.
• Developing countries have become new drivers of trade, accounting for over half of world exports. South-South trade has outstripped North-South trade since 2007 – and this despite the fact that barriers to trade between developing countries are still much higher than between developed and developing countries.
• While all developing countries are trading more, most of the gains in the last decade have been realised by emerging economies. Least-Developed Countries (LDCs) and other countries most in need have remained marginalised, as they are often held back by lack of productive capacity, economic diversification and infrastructure, but also poor governance.
• The aim of the EU trade and development policy, as outlined in the January 2012 Communication on "Trade, growth and development" is to help LDCs and other countries most in need draw the benefits of trade for inclusive growth and sustainable development.

Trade News

TTP deal - US and 11 other countries reach landmark Pacific trade pact

Trade ministers from 12 countries announced the largest trade-liberalizing pact in a generation on Monday. In a press conference in Atlanta, trade ministers from the US, Australia and Japan called the Trans-Pacific Partnership an “ambitious” and “challenging” negotiation that will cut red tape globally and “set the rules for the 21st century for trade”.

Countries involved include: Singapore, Brunel, New Zealand, Chile, USA, Australia, Peru, Vietnam, Malaysia, Mexico, Canada, Japan, Colombia, Philippines, Thailand, Indonesia, Taiwan, South Korea.

Transport News

Daimler driverless lorry tested in motorway traffic.

 

 

 

A driverless lorry developed by Daimler has been tested on a public road for the first time, in Germany.

At the push of a button, the vehicle's "highway pilot" helped it avoid other road users via a radar and camera sensing system.
The company reiterated the requirement that a human driver be present and focused on the road at all times.