Shipping Trade and Transport News 14th November 2015

 

Incidents at Sea

 

Vessel Collision M.V Svyatoy Petr

The vessel was in a collision with a tanker M.V. Svatoy Pavel in the Laptev Sea at 4pm on Friday with damage to of 20 metres long at the portside,  The vessel was taken under tow to Tem Bay

M.V. Oksøy Ferry suffered bow thrust damage 12th November 2015

M.V. Finnkraft a fire broke out on the RoRo ferry  at the port of Vuosaari (Helskinki)  The bow area and stairwell were on fire.

M.V. Kamparzand damaged by power lines

The incident occurred yesterday on route to a power station carrying a cargo of coal. The power line was over the Rhine-Herne Canal.

M.V Solarte - Lithuanian seafers taken hostage in Nigeria.

Lithuanian Government Rimantas Vaitkus has announced that Lithuanian seafarers taken hostage from the ship Solarte off the coast of Nigeria have been freed.

M.V. Insignia - Maldives state of emergency causes ship to skip port

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The country's president has declared a 30 day state of emergency which stated on the 4th November 2015

 

Vessel News

 

M.V MSC Lirica

 

The newly refurbished NSC Lirica is expected to become their second vessel for their Cuba service from the winter of 2016.

The human cost of cheap bananas

New report shows how increasing market power and Unfair Trading Practices of European supermarkets affect banana small farmers and plantation workers

Banana workers and small farmers in developing countries are exposed to toxic agro-chemicals, earn poverty level wages and work in a climate of fear, reveals the report "Banana value chains in Europe and the consequences of Unfair Trading Practices" published today by Banana Link and the Fair Trade Advocacy Office FTAO. The report also shows how European supermarkets contribute to this situation by engaging in Unfair Trading Practices (UTPs).

United Kingdom Balance of Trade the gap has narrowed to £1.353 billion according to figures recently published.

This has been partly achieved by an increase in the export of goods  and a decline of imports.

• GDP Growth  August  = 2.3% 
• GDP from Agriculture = 2923 GBP Million 
• GPD from Construction  =24280 GBP Million
• GDP from Transport = 17462 GBP Million

 
The Gross Domestic Product per capita in the United Kingdom  is equivalent to 324 percent of the world's average

• Unemployment has fallen from October 2014at 6% to August 2015 at a rate of  5.3% 

•  Consumer confidence recorded from  7 recorded in July 2015 to 2 in October.
•  Inflation rate is currently at -0.1%  (September) from 0.1 in July 2015 (food inflation is currently at -2.3%)
• Export prices have increased to 88.10 Index Points in September from 86.9 Index Points in August 2015
• Import prices increased to 89.90 Index Points in September from 89.7 Index Points in August 2015 
• UK Personal Income Tax Rage us currently 45% 
• Bank Lending  Rate October 2015 1.5%
• Government debt is currently -8628 GBP million  in September 2015  which dropped slightly from -10793 GDP million in October 
• Government spending has risen to 90111 GBP million in the second quarter of 2015 from 89753 GBP in the first quarter 
• UK's Credit Rating is AA+ (94 Negative) against USA showing AAA (97 Stable) based on Moody's statistics