G7

New life in G7 ahead of summit and developing green bankable projects

New life in G7 ahead of summit and developing green bankable projects

Friday 11 June 2021 – Vol.12 Ed.23.5

Commentary: G7 finds new purpose as G20 takes back seat

By Mark Sobel in Washington

Over 11-13 June, G7 leaders are meeting in Cornwall, UK. This gathering highlights renewed G7 vigour and clout, with a UK presidency committed to action, the first public international outing for multilateralist President Joe Biden and increasing US and European concerns about Chinese and Russian behaviour. The...

https://allaboutshipping.co.uk/2021/06/11/new-life-in-g7-ahead-of-summit-and-developing-green-bankable-projects/

Shipping industry agrees action on R&D investment and trade digitisation

Shipping industry agrees action on R&D investment and trade digitisation

John Denholm; photo by Mark Earthy

As world leaders meet in Cornwall, England, for the G7, the first ever meeting of the equivalent maritime bodies, titled M7, took place on Wednesday this week, organised by the UK Chamber of Shipping.

Delegates from the shipowner associations of the G7, plus those from Australia, India, South Africa and South Korea, were joined by the Secretary General of the International Chamber of...

https://allaboutshipping.co.uk/2021/06/11/shipping-industry-agrees-action-on-rd-investment-and-trade-digitisation/

FEPORT calls on OEDC countries to include cargo handling in the scope of BEPS Pillar 2

FEPORT calls on OEDC countries to include cargo handling in the scope of BEPS Pillar 2

FEPORT’s President, Gunther Bonz.

Brussels, June 10th, 2021

During their General Assembly meeting held remotely today June 10th, 2021, FEPORT members discussed the recent G7 finance ministers’ historic agreement to apply a global minimum corporate tax rate of 15% to all multinational corporations.

The issue is of immediate concern to port terminal companies as the international shipping industry is pushing for...

https://allaboutshipping.co.uk/2021/06/10/feport-calls-on-oedc-countries-to-include-cargo-handling-in-the-scope-of-beps-pillar-2/

Mixed feelings with the Dries, down at 2,420; messy Wets, whilst everybody focuses on G7 meeting in Cornwall. Covid-19 more than enigmatic…

Mixed feelings with the Dries, down at 2,420; messy Wets, whilst everybody focuses on G7 meeting in Cornwall. Covid-19 more than enigmatic…

John Faraclas

The BDI (Baltic Dry Index) lost eight points and now reads 2,420 with the Capes falling further and the rest gaining momentum as well as plus points. What will happen with the Wets? Can Biden change the course of history at the G7 meeting? Why there is still red tape and hype on Coronavirus’ Anathema? John Faraclas brief recap:

The Capes’ BCI...

https://allaboutshipping.co.uk/2021/06/08/mixed-feelings-with-the-dries-down-at-2420-messy-wets-whilst-everybody-focuses-on-g7-meeting-in-cornwall-covid-19-more-than-enigmatic/

Controlled Dry losses; Wets tumble amid Geopolitical mess and Covid-19 making waves…

Controlled Dry losses; Wets tumble amid Geopolitical mess and Covid-19 making waves…

John Faraclas

The BDI was down at 2,428 points – minus ten since last Friday June 4 as Capes’ fall was contained. Wets still the big issue. G7 and other meetings worldwide might reshape Planet Ocean but also surprise us all given unexpected  hiccups. Too much fuss over the causa proxima of the Coronavirus’ Anathema. John Faraclas’ brief recap:

The Capes’ BCI lost its 2,500 points threshold and now stands at 2,467....

https://allaboutshipping.co.uk/2021/06/07/controlled-dry-losses-wets-tumble-amid-geopolitical-mess-and-covid-19-making-waves/

Collision Of New Global Corporate Tax With Shipping’s Tonnage Tax

The new global corporate tax rate agreed upon by the G7 nations on risks undermining the cornerstone of how shipping companies are taxed today, through tonnage taxation.

The new global minimum tax rate, which is slowly coming together, is on collision course with the tonnage tax schemes, which most shipping companies are subject to today, says shipping lawyer and partner of London-based law firm Watson Farley, Richard Stephens.

Far reaching consequences

In a formal submission to the Organization...

https://mfame.guru/collision-of-new-global-corporate-tax-with-shippings-tonnage-tax/

Gains for both Dry and Wet Markets amid global uncertainty

John Faraclas

Gains for both Dry and Wet Markets amid global uncertainty

The BDI (Baltic Dry Index) with the 2,213 points gained this morning (45 plus since last Friday the 23/8) is only 34 points away from equalising the end of Dec 2013 level of 2,247 points… The Geopolitics still a liability for all. John Faraclas’ brief daily recap:

The Capes’ BCI surpassed the 4,000 points threshold with the 91 points plus gained earlier on today and at 4,082 feel safer than last weeks levels…

The Panamaxes’ BPI

http://www.allaboutshipping.co.uk/2019/08/27/gains-for-both-dry-and-wet-markets-amid-global-uncertainty/

Pier Carlo Padoan on Italy’s latest setback, Macri defeat prompts crisis fears, and G7 descends on Biarritz

Pier Carlo Padoan on Italy’s latest setback, Macri defeat prompts crisis fears, and G7 descends on Biarritz

THE WEEKEND REVIEW 

Latest opinion and analysis from OMFIF around the world

19-23 August 2019, Vol.10 Ed.34

Most-Read Commentary
Italy’s latest crisis just beginning:Italian Prime Minister Giuseppe Conte has resigned, heralding a complex political crisis. The economic landscape is somewhat less complicated. Two main scenarios can be considered: a ‘muddling through’ scenario, and a ‘make or...

http://www.allaboutshipping.co.uk/2019/08/24/pier-carlo-padoan-on-italys-latest-setback-macri-defeat-prompts-crisis-fears-and-g7-descends-on-biarritz/

EPA’s Wheeler discusses marine litter and waste at G7 meeting

U.S. EPA Administrator Andrew Wheeler meets with U.S. stakeholders from Ocean Conservancy and LyondellBasell. EPA photo

U.S. Environmental Protection Agency (EPA) Administrator Andrew Wheeler hosted U.S. stakeholders at the G7 Environmental Ministers meeting in Metz, France, Sunday to discuss ways the government, non-governmental organizations, and the private sector can work to curb marine litter and waste.

He was joined by representatives from the Ocean Conservancy, LyondellBasell, and the American Chemistry Council. Each minister at the G7 was invited to host a private sector and non-governmental organization...

https://www.workboat.com/news/bluewater/epas-wheeler-discusses-marine-litter-and-waste-at-g7-meeting/

United States snubs G7 meeting

France offered a wary welcome to foreign ministers from the Group of Seven on Friday, April 5, for a meeting overshadowed by a snub from Donald Trump’s U.S. administration, a meltdown in Britain over Brexit and months of anti-government protests at home.

Protesters spray-painted slogans attacking President Emmanuel Macron in the sleepy coastal resort of Dinard where the ministers were due to gather to set the agenda for their leaders at the annual big power summit in August.

Workers at dawn...

https://container-news.com/us-snubs-g7-meeting/

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