Shipping Trade and Transport News 21st October 2015
Company News
Hapag Lloyd has announced it is agreement to build five new vessels from South Korean shipbuilders Hyundai Samho Heavy Industries in April 2015.Beached Vessels in October 2015
M.V. Tanto Hari - general cargo vessel (total loss)M.V. Satrai - general cargo vessel
M.V. Araeo - oil and chemical tanker
MV Sea Czar- oil and chemical tanker beached at Gadani
M.V. Seal -bulkcarrier beached Chittagong
M.V. Arca Emerald - RoRo cargo ship (vehicle carrier beached Chittagong
Trade News
Malmström meets Ministers from Africa, Caribbean and Pacific, preparing WTO Conference.Speaking in front of the ACP assembly, Commissioner Malmström reiterated the great importance that the EU attaches to the multilateral trading system and the Doha round. She expressed her disappointment that the lack of political will from many WTO Members makes it very hard to achieve a comprehensive agreement on all areas of the Doha Development Agenda.
The Commissioner highlighted the EU's readiness to work constructively in view of reaching a more limited but still meaningful agreement in Nairobi that will take full account of the needs of the most vulnerable and least developed countries.
Commissioner Malmström on TTIP and Trade for All at the College of Europe
EU Trade Commissioner Cecilia Malmström today spoke at a conference in Bruges on the Transatlantic Trade and Investment Partnership negotiations and her new trade strategy, "Trade for All". She outlined the economic and strategic rationale for TTIP, before acknowledging the main issues in the public debate.That debate, she said, had helped shape our new overall approach, which is based on making EU trade policy more effective, more transparent and more in tune with European values. She concluded by saying that, "With this new strategy, Europe is engaging with the world, broadly and deeply. We are doing so in order to benefit as many people as possible… in an open transparent way to restore trust in trade… and in a way that is in tune with our values - values we share with many partners around the world, including the United States."
Bunker Prices
Price rise in South America and parts of Europe however in most areas the trend is falling.
Doha Development Agenda what is it?
The main issues at stake are:- Reforming agricultural subsidies
- Ensuring that new liberalisation in the global economy respects the need for sustainable economic growth in developing countries
- Improving developing countries' access to global markets for their exports
Transport body proposed in FSB Wales 2016 manifesto
A single transport body with
responsibility for roads, rail, buses and cycling in Wales is proposed
among "radical" new measures from the Federation of Small Business.
Its assembly election manifesto includes creating something similar to Transport for London to create a "genuine integrated transport system".It also wants an organisation responsible for supporting small firms.
The FSB said it was "deliverable" with existing Welsh government funding.
The organisation, which has 10,000 members among the 200,000 small and medium sized enterprises in Wales, wants parties to adopt its Transport for Wales idea.
The organisation - to be fully functioning within three years - would create an investment plan and manage a Wales-wide rail franchise.
It would follow a similar model to Transport for London including ticketing across services as with the Oyster card.
The manifesto also wants:
- A Wales Small Business Administration to loan money to firms, provide advice and handle public contracts. It would take responsibility for Finance Wales/Development Bank, Business Wales and the National Procurement Service.
- Councils to be given legal responsibility to promote economic development and regeneration, with budgets and staff transferred from the Welsh government.
- A radical overhaul of business rates and the introduction of better regulation.
