BPA Chairman calls for post-Brexit ‘port zoning’ strategy

The British Ports Association (BPA) today called on Ministers to introduce ‘port zoning’ in and around UK harbour areas to support jobs and trade post-Brexit. BPA Chairman Rodney Lunn wrote to the Transport and Environment Ministers outlining the new concept that would see both marine and land areas within ports being classified as special areas for growth. These zones would be safeguarded against the impact of marine designations and planning

ICC Trade Register continues to showcase the low risk nature of trade finance

Data from the International Chamber of Commerce’s (ICC) Trade Register, now in its sixth year, shows the low risk nature of trade finance when judged against comparable asset classes, such as corporate and small to medium-sized enterprise (SME) lending. Covering US$9.1 trillion of exposures and 17 million transactions – more transactions than ever before – the data continues to verify that trade finance presents banks with little credit risk –

The Seahorse Club awards recognised logistics and maritime reporters in London last week

Journalists and editors from across the supply chain and maritime industry were recognised for outstanding writing at The Seahorse Club’s awards in London last week. Twelve winners were awarded for articles, publications, and social media campaigns covering topics from the North Sea Passage to Amazon’s investment in transport and innovative ship design. Lloyd’s List’s Janet Porter, Editor-in-Chief, was named Seahorse Journalist of the Year and was also the John Richman

New call for digital manufacturing could revolutionise automotive supply chain

  According to a new report from The Society of Motor Manufacturers and Traders (SMMT), digital manufacturing presents a £74 billion opportunity for UK industry over the next 20 years, and a potentially step-change moment for the global automotive industry. If calls for digitalisation are met, an already rapidly evolving supply chain could be revolutionised in the future, providing vehicle manufacturers globally with the ability to respond to time-contracted industry pressures

Schneider Electric official corporate sponsor of Airport Solutions Mexico

The inaugural Airport Solutions Mexico 2017, part of the Airport Solutions Global Series of events, is being officially sponsored by Schneider Electric, a software solutions provider. The two-day Airport Solutions Mexico exhibition and conference will be held 3-4 May 2017 at the Centro Citibanamex, Mexico City and is expected to attract more than 2,000 B2B buyers and 200 delegates.  It is unique in that it will bring together the industry’s

US Dollar strengthens after Federal Reserve raises interest rates

The US Dollar continued to strengthen against other major currencies in the Asian trading session recently, after the US Federal Reserve raised its key interest rate for the first time in a year and also hinted at a more aggressive pattern of rate increases in 2017. The Fed on the 14 December raised its key interest rate for the second time in a decade, by a quarter of a point from

eTrade for All set and ready for platform launch in April

  Policy makers in developing countries will be able to access cutting edge technical and financial assistance on e-commerce, when the eTrade for All launches its new web platform in April, an UNCTAD official said. While global trade has been stagnant for several years, e-commerce has been growing rapidly, accelerating upwards from $16 trillion in 2013 to $22 trillion in 2015, and emerging as a powerful driver of economic growth,

Peregrine Storrs-Fox of the TT Club calls for a focus on cargo integrity and safety

  TT Club believes that an insistence on precise gross mass is just the first step in achieving what it is calling ‘Cargo Integrity’ not just within container trades but throughout the entire supply chain.  Speaking at the recent industry conference, Intermodal Europe in Rotterdam, TT Club’s Risk Management Director, Peregrine Storrs-Fox emphasised the importance of the concept to safety both at sea and onshore: “By increasing the visibility of

Dollar strengthened as Euro weakens following the European Central Bank's 'less for longer' decision

The USD gained strength against most major currencies this morning as U.S. bond yields rose, whilst the euro weakened after the European Central Bank’s decision to extend its dept.-buying program, even as it cut size of its purchases which disappointed currency bulls. The ECB expanded what it could buy to shorter-dated paper and also reversed the right to raise the purchase amounts should the economic outlook sour. With the ECB

Oil price collapse threatens the graduation of Timor-Leste from least developed status

Covered in steep hills and tropical forest, the tiny almost-island nation of Timor-Leste faced an uncertain future when it became independent from Indonesia in 2002. But using its newly discovered oil for the benefit of its 1.2 million population, the fledgling democracy halved its infant and child mortality rates, boosted literacy, and saw national income rise from $810 per capita at independence to $3,940 in 2012. The nation might have