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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Michael Parker, Global Industry Head of Shipping & Logistics, Citi and Johannah Christensen, Managing Director, Global Maritime Forum Around 90% of global trade by volume is carried by ships – making the maritime industry a vital player in economic […]
This article was exclusively written for The European Sting by Mr. Kitack Lim, the Secretary-General of the International Maritime Organization (IMO). The opinions expressed in this article belong to our distinguished writer. I am often asked about my vision for the future of the shipping industry, especially at a time of so much change. As a Secretary-General […]
After last Tuesday’s midterm elections in the United States, the Republicans of President Donald Trump lost the House of Representatives to the Democratic Party. The vote was turned out into a referendum for the Trump administration, and the GOP lost the full control of the two chamber Congress. From now on, the White House will […]
Last Wednesday the European Union Environment ministers reached an agreement… essentially to not to impose rules or duties on CO2 emissions from ships. Cunningly, the relevant Council Press release said that the 28 ministers “reached an agreement on new EU-wide rules for CO2 emissions from ships”. Until today, ocean-going shipping is the only sector of […]
On 22 January the European Commission will present a Communication on an EU wide project, under the grandiose name of “European Industrial Renaissance”. Despite its name, the Communication doesn’t seem to have a strong connection with reality. Even the early pre-announcement of this Communication released on 20 December contains elements of futility. It says “While […]
The insistence of the Brussels, Berlin and Paris authorities that Cyprus is a special case and the rest of the Eurozone banking system is safe, has only superficial value. Markets do not believe that. It’s not only that the Greek, Italian or even the Spanish banking systems are in deep trouble. The problems are not […]
Earlier this week, Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, responsible for financial stability and risk controlling, delivered an open lecture in Hamburg, entitled “In the year 2013 – Challenges from a financial stability perspective” . Apart from the burning questions he posed for a number of Eurozone countries’ sovereign debt, […]
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