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Stability, and maybe even decency, have been in short supply in the UK in the past few years. Issues such as Scottish independence, Brexit and the future of Northern Ireland have polarised the country, while the conduct of its leading politicians during the Covid-19 lockdowns dented faith in its leaders and damaged its reputation globally.

Above all of this has stood one woman: Queen Elizabeth II. While the parties were going on in Downing Street, she was mourning her husband in a manner that...

https://www.ship-technology.com/uncategorized/the-uk-monarch-passing-queen-elizabeth-ii/

The Global FDI Annual Report 2022 shows the number of greenfield foreign direct investment (FDI) projects in logistics declined by 5.7% in 2021. This is more because 2020 was an exceptional year that witnessed a huge spike in demand for online goods and services due to Covid-19 pandemic. In fact, this meant the logistics sector was one of only a small number of FDI sectors to grow in 2020. Although project numbers declined slightly in 2021 compared with 2020, they were still 4.9% higher than...

The Global FDI Annual Report 2022, produced by GlobalData/Investment Monitor, shows the number of greenfield foreign direct investment (FDI) projects grew by 18% in 2021, totalling 16,516. This was just shy of the level experienced in 2019 (pre-Covid pandemic).

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Embracing environmental, social and governance (ESG) criteria is rising in importance as a driver of foreign direct investment (FDI), with investors increasingly taking into account such criteria as part of their site selection decision.

However, when it comes to responsible investing, there is more to it than simply ticking off the ‘E’, ‘S’ and ‘G’. Taking into consideration the UN’s Sustainable Development Goals (SDGs) is becoming more prominent, while all companies have to be on their guard...

Japan’s Kawasaki Kisen Kaisha (K Line) has taken the delivery of a new W-Max class liquefied natural gas (LNG) carrier from Hudong-Zhonghua Shipbuilding (Group) for Petronas LNG, a subsidiary of Malaysian state-owned oil and gas firm Petronas.

Named Lagenda Suria, the new vessel is the first of the two vessels to serve Petronas under a long-term time charter.

The second vessel, Lagenda Serenity, will be delivered next month.

Both the vessels will be used for shipping LNG from Bintulu in Malaysia...

https://www.ship-technology.com/uncategorised/k-line-w-max-lng-petronas/

The proportion of ship equipment supply, product and services companies hiring for internet of things related positions rose significantly in February 2022 compared with the equivalent month last year, with 28.3% of the companies included in our analysis recruiting for at least one such position.

This latest figure was higher than the 16.9% of companies who were hiring for internet of things related jobs a year ago and an increase compared to the figure of 19.7% in January 2022.

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EU prime ministers last night adopted the harshest sanctions regime ever enacted in EU history, freezing Russia out of the international financial system in response to its full-scale invasion of Ukraine yesterday morning. However, they held back on firing the three big guns: hitting the oil and gas sector, excluding Russia from the SWIFT bank transfer system, and levying direct sanctions on Russian President Vladimir Putin himself. The speculation is that they are keeping those threats in play...

Ukraine was once known as the breadbasket of the Soviet Union, and in more recent decades as the breadbasket of Europe, meaning the Russian invasion is poised to have an effect on food prices across the world, especially on those of food staples such as flour and pasta, and therefore affecting vulnerable countries the most.

According to the UN’s Comtrade, the main destinations of Ukrainian wheat in 2019 were Egypt ($3.65bn worth), Indonesia ($664.5m), Bangladesh ($418.6m), Turkey ($207.4m) and...

At the time of writing, Russian tanks are storming into Ukraine from several directions while cruise missiles bombard the country’s cities and military installations. This full-on invasion, which began the morning of 24 February, has been long in the making. 

Its orchestrator, Russian President Vladimir Putin, began building up to this moment, rhetorically and politically speaking, years before he amassed 100,000 troops along the Ukrainian border at the start of 2022.

More coverage of the Ukraine...

https://www.ship-technology.com/uncategorised/ukrainian-economy-matters-russia/