Policymakers double down on tax incentives and other measures that will leave Hong Kong well placed to maintain position as international shipping centre despite fierce social, economic and geopolitical headwinds.
With international trade down by almost 2% in real terms over the past year and weakness spilling over from manufacturing to services, a rebound in the global economy is still some way off. Only a resolutely positive turn in trade disputes and synchronised fiscal stimulus are likely to remove the threat of a global recession.
The Explorer is a lot like Tinder for shipping, energy and seafood businesses. While some users are seeking casual encounters, others are leveraging the platform to establish lasting partnerships—at home and abroad.
Equinor, Norsk Hydro and Shell are doubling down on investments in battery power. As the shipping and offshore industries look to the future, it’s critical that banks support similar innovations, DNB says.
Continued advances in containment and propulsion technology are enabling owners to capture efficiencies and adapt to the changing needs of charterers but choosing the right combination of systems and equipment–including re-liquefaction–isn’t always easy.
Published 30 August 2019 0:55 GMT
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