Thursday, 12 November 2015

Shipping Trade and Transport News 12th November 2015

 

Hapag Lloyd

 

Shares in Hapag-Lloyd hovered around their issue price in their stock market  as investors gave the German shipping group a lukewarm reception over uncertainty and resilience of stock market/ shipping industry


CMA-CGM  

 

CMA CGM SA is in talks to acquire Singapore container shipping company Neptune Orient Lines Ltd.

 

EU News


EU - Near new EU trade offer to Paraguay

Four south American countries hope to relaunch stalled negotiations on a free trade deal with the European Union next month, Paraguay's President Horacio Cartes told AFP.

Israeli fury over EU settlement product labels

The European Union on Wednesday backed the labelling of products from Israeli settlements, sparking fresh tensions with a furious Israel, which said the move could harm the peace process with the Palestinians.

HMRC UCC/AEO

With effect from the 1st January 2016 the new UCC codes will be introduced  be in stages with eventual link by HMRC to EU customs.  Additional information will be requied in box 44 of the entry to confirm the HS code has a BTI.  Organisations that hold AEO(C) will start to see the benefits of their due diligence.

Felixsowe Trade and Enterprise College Education Committee operates a free help line for information 01394 458554.


Monday, 9 November 2015

Shipping Trade and Transport News 9th November 2015

 

Company News

 

Hapag- Lloyd

Shares in Hapag-LLoyd received a lukewarm reception confirming uncertainty of the stock markets and the industry iteself. Hapag-Lloyd have postponed the initial public offering  and have trimmed the shares on offer and lowered the price range.to attract better trading.

CMA-CGM

The company has announced that it is in talks to buy Neptune Orient (Singapore)  It would seem a preliminary offer has been made to NOL which is currently valued at $2.7 billion.
















Maersk 

The worlds largest container ship operator is slashing jobs and cancelling and or delaying orders. The container operator is expecting to cut 4000 jobs from its current staff of 23,000. It has also stated it is cancelling the purchase of six Triple-E vessels..

Trade News

 

"Britain can survive outside EU, says Cameron"

Britain can survive outside the European Union, Prime Minister David Cameron said on Monday as he denied he was planning to campaign for Britain to stay in the EU regardless of the outcome of reform talks.



















Customs UCC 

 

Details have been released concerning the implementation of the codes starting 1st January 2016. AEO will also  be amended to fall in line with the EU agreements and its operation alongside UCC.

Felixstowe Trade College has made available a free help line to assist traders with information and  advice The help line number is 01394 458554























Saturday, 7 November 2015

 Shipping Trade and Transport News 7th November 2015


Vessel News

 

'watch the video'

A MAN has fallen from a cruise ship in the Caribbean despite the frantic efforts by other passengers to save him Dramatic video of the man plunging into the water was shot by a passenger. It shows the desperate effort to pull him to safety — and then screams of horror as he slips and falls.

 

MV  Wes Amelie

The worlds first Duel-Fuel Ship Conversion .

Wessels Reederei, the German shipping company, has signed a contract with MAN Diesel & Turbo at the Europort exhibition for maritime technology to retrofit the 8L48/60B main engine of its 1,000-teu container ship ‘Wes Amelie’ to dual-fuel operation. The vessel will be the first of its kind worldwide to be converted to an LNG-capable propulsion system.















Port News

New terminal set up to serve east India 'Kakinada Container Terminal

KCT is situated in the Kakinada Deep Water Port (KDWP), an all-weather port in Andhra Pradesh, and is sheltered by a natural breakwater. The port is well positioned to serve east India’s agricultural, seafood and commodity hinterland, which exports products like rice, sugar, maize, shrimps and paper products.

















Transport News

Connecting Europe Facility

The European Commission has launched the second call for proposals of the Connecting Europe Facility, with more than EUR 7.6 billion of investment to finance transport projects. EUR 6.5 billion is earmarked for countries with Cohesion Fund eligibility.

How much funding is available?
Under the current call for proposals €7.56 billion are being made available to improve European transport infrastructure, promote innovation and new technologies, develop intelligent transport systems and mitigate the safety and environmental impact of the sector. Out of the total amount available, €1.09 billion are earmarked for projects in all Member States while €6.47 billion are foreseen exclusively for projects in Member States eligible for funding from the EU's Cohesion Fund.

Which Member States are eligible to the Cohesion envelope?
The eligible Member States are: Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia and Slovenia.

RHA

The Road Haulage Association is calling on government to tackle the growing 'off-payrol' drivers

Hauliers who may have inadvertently be paying drivers off-payroll may face heavy claim for back tax and penalties of up to 70% of the tax and NI.

The Road Haulage Association is calling on the government to tackle the growing problem of ‘off-payroll’ drivers. - See more at: http://www.transportengineer.org.uk/transport-engineer-news/off-payroll-drivers-a-serious-concern-for-industry-says-rha/109477/#sthash.JPCLaQlz.dpuf
The Road Haulage Association is calling on the government to tackle the growing problem of ‘off-payroll’ drivers. - See more at: http://www.transportengineer.org.uk/transport-engineer-news/off-payroll-drivers-a-serious-concern-for-industry-says-rha/109477/#sthash.JPCLaQlz.dpuf
The problem is most prevalent among Eastern European drivers, says the RHA, although it is not limited to them.
“Hauliers who may inadvertently be paying drivers off-payroll may face a heavy claim for back tax and penalties of up to 70% of the tax and NI arising,” warns Burnett. “Also, individual drivers could face bankruptcy if they evade tax payments and then HMRC enforces its rules.”
- See more at: http://www.transportengineer.org.uk/transport-engineer-news/off-payroll-drivers-a-serious-concern-for-industry-says-rha/109477/#sthash.JPCLaQlz.dpuf
The Road Haulage Association is calling on the government to tackle the growing problem of ‘off-payroll’ drivers. - See more at: http://www.transportengineer.org.uk/transport-engineer-news/off-payroll-drivers-a-serious-concern-for-industry-says-rha/109477/#sthash.JPCLaQlz.dpuf
The problem is most prevalent among Eastern European drivers, says the RHA, although it is not limited to them.
“Hauliers who may inadvertently be paying drivers off-payroll may face a heavy claim for back tax and penalties of up to 70% of the tax and NI arising,” warns Burnett. “Also, individual drivers could face bankruptcy if they evade tax payments and then HMRC enforces its rules.”
- See more at: http://www.transportengineer.org.uk/transport-engineer-news/off-payroll-drivers-a-serious-concern-for-industry-says-rha/109477/#sthash.JPCLaQlz.dpuf




HMRC UCC/AEO Updates 7th November 2015

 

UCC / BTI Update



HMRC have confirmed the new HS codes will be in operation from the 1st January 2015 with a short transition period to allow traders to make the necessary changes.



During the first period of 2016 HMRC will be linked to the EU Customs however this is planned to occur during the early part of 2016 and well before 1st May 2016. 


Box 44 of the entry will require a declaration that the importer has a Binding Tariff Code however during the first stages it is unlikely to be monitored in depth.


There will be also minor changes to the application for (BTI) and this will include EORI number which is expected to be mandatory. 

AEO certification will allow benefits in certain entries, lower deferment costs with a general increase in the speed of clearance. 

Further information will be available on our website www.felixstowe-ac.co.uk under 'consultancy on Monday 9th November or speak to us directly on our  dedicated phone line 01394 458554