IMF’s raison d’être in jeopardy, The journey to central bank digital currencies
Tuesday 15 October 2019 – Vol.10 Ed.42.2
Commentary: IMF’s raison d’être in jeopardy
By Mark Sobel in Washington
The International Monetary Fund’s resource base faces peril. The Trump administration will not support a Fund quota increase, largely because it does not want to see a strengthening in China’s woefully underweight position. The Fund has been working intensively behind the scenes with China and others, but it...
On Friday 11 October, the Rotterdam container was placed on ‘Noah’s train’ under the great interest of all participating European rail operators. This took place at the APMT terminal on Rotterdam Maasvlakte. The colourful train with 19 painted wagons arrived yesterday at the container terminal following a tour of Katowice, Vienna, Berlin, Paris, Brussels, Rome, Leipzig, Munich, Luxembourg, Riga and Madrid.
The tour, which started on 4 December 2018, is a Rail Freight Forward (RFF) initiative, a...
The Singapore Shipping Association (SSA) has detailed work it is carrying out with with the world’s largest business organisation, the International Chamber of Commerce (ICC) and local tech startup Perlin to build an advanced digital blockchain ship registration preparation system for international...
Independent shipowners’ association BIMCO has submitted a proposal to the International Maritime Organization (IMO) to regulate propulsion power of ships in order to sustain the GHG savings already achieved through slower steaming. BIMCO said that, while it remained a fact that ships’ speed was the...
俄罗斯卢克船用润滑油公司（LUKOIL Marine Lubricants）近日推出了新的40BN气缸油，并强调了使用LUKOIL NAVIGO MCL Extra产品的优势。
In light of October being the ‘cyber security awareness month’, the shipping industry is experiencing various developments in all of its sectors as automation and digitalization play a crucial role in today’s marine industry and in vessels’ operation. Yet, cyber attacks are becoming more concerning and for this reason the industry must invest more in improving its cyber resilience and security.
This October, many are the shipping majors that highlight the urgency of the industry getting a...
Security services raided the St Petersburg office of Transas yesterday, seeking access to the company’s Transas Navigator databases. The Federal Security Service (FSB) was widely reported to have launched the raid on the facility, which is now owned by Finnish firm, Wärtsilä. Transas, which makes...
Singapore’s BW Group has announced that it has completed the sale of up to 7m common shares in BW LPG for NOK58.5 ($6.41) per share. The company retained Skandinaviska Enskilda Banken as manager and bookrunner for the deal through an accelerated bookbuilding process. The placement represents around...