Your Monday coffee briefing from TFG – VIDEO | Citi on navigating volatility and incorporating ESG finance principles into trade finance
At Sibos 2022, Trade Finance Global (TFG) spoke with Niels Nuyens, program director at Digital Container Shipping Association (DCSA), to learn more about digitalisation in the shipping space.
Global shipping is one of the most challenging sectors to decarbonise. The International Maritime Organization (IMO) has set out an ambitious goal to reduce the industry’s greenhouse gas emissions by 50% from 2008 levels by 2050, a target that will require the swift development of zero or low-emission fuels, new ship designs using cleaner technology, and climate-proof operations such as carbon efficiency optimisation initiatives.
A prominent point of discussion at the International Trade and Forfaiting Association’s (ITFA) 48th Annual International Trade and Forfaiting Conference in Porto has been the digitisation of trade finance––particularly after the challenges COVID-19 caused for a largely paper-based industry.
The financial belt is tightening around China’s Belt and Road Initiative (BRI).
Many headlines in recent weeks highlight the mounting debt and declining activity that the “project of the century” is now facing.
Your Monday morning coffee briefing from TFG: Euro hits parity with US dollar for the first time in 20 years
Just as China’s trade sector recovers from a fresh wave of COVID-19 lockdowns, the world’s largest exporter now faces a slimmer order book amidst weakening global sentiment and increased belt-tightening measures linked to inflation.
Your Monday morning coffee briefing from TFG:
2022 WTO conference extended to try and end deadlock
Despite port congestion woes, COVID-19 lockdowns in Asia and vessel availability issues, the container shipping sector remains in boom territory. TFG investigates.
Certified Documentary Credit Specialist Ravi Jinugu explains the motivations and rationale for variation of Incoterms® rules.
Your Monday morning coffee briefing from TFG: we.trade enters the trough of disillusionment – what this means for the digitalisation of trade finance
The UN’s World Food Programme has warned that the failure to open Black Sea ports is a declaration of war on global food insecurity and will lead to famine, destabilisation of nations, and mass migration by necessity.
Your Monday morning coffee briefing from TFG: How sustainability linked financing can empower circular water projects in MENA
The Secretary General of the International Chamber of Shipping (ICS), Guy Platten, admits there’s still work to be done to decarbonise the commercial shipping sector.
Delivery of the goods is “unloaded” by the seller at the destination place, in this case the port of discharge.