Uncategorised

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/

Ukraine President Volodymyr Zelenskyy has officially confirmed the launch of Russia’s military operation against the country.

Calling the move as ‘an unjustified, deceitful, and cynical invasion’, Zelenskyy said missile strikes were targeting the country’s military and other critical defence facilities, and artillery fire on border units.

Several explosions were heard in multiple cities in Ukraine.

According to media reports, the Russian Defence Ministry was cited as saying, in a statement, that...

https://www.ship-technology.com/uncategorised/russias-putin-announces-launch-of-military-operation-against-ukraine/

Using a combination of AI and technology, FuelTrust is assisting the maritime industry with its technology platform to authenticate marine fuel lifecycles. Using the technology, the company can digitally verify data from shared sources, ensure and validate decarbonisation and compliance, and also identify the potential risk of bunker fraud – the potential fraud which sees the sale and purchase of smuggled or stolen bunker fuel to avoid custom duties and other taxes.

The AI technology, named...

https://www.ship-technology.com/uncategorised/fighting-fuel-fraud-with-ai-solutions-from-fueltrust/

Here are the largest port facility construction projects initiated globally in Q3 2021, according to GlobalData’s construction projects database.

1. Map Ta Phut Deep-Sea Port Phase III – $1,690m

The project involves the construction of a deep-sea port on 160ha of land in Map Ta Phut industrial estate, Rayong Province, Thailand.

Construction work started in Q3 2021 and is expected to be completed in Q4 2027.

2. Ramayapatnam Cargo Port – $1,406m

The project involves the construction of a port...

https://www.ship-technology.com/uncategorised/five-largest-port-facility-construction-projects-q3-2021/

Verdict has been conducting the poll to study the trends in business optimism during COVID-19 as reflected by the views of companies on their future growth prospects amid the pandemic.

Analysis of the poll responses recorded in September shows that optimism regarding future growth prospects increased by four percentage points to 63% from 59% in August.

The respondents who were optimistic remained unchanged at 23% in September, while those very optimistic increased by four percentage points to 40%.

https://www.ship-technology.com/uncategorised/business-optimism-improves-in-september-poll/

Ride-hailing company Uber is launching a pension scheme for its 70,000 UK drivers that will require it to make payments back to 2017, following its Supreme Court loss earlier this year.

Private hire drivers will be auto-enrolled onto the scheme, which will see Uber contribute 3% of a driver’s earnings into a pension plan – the minimum required under UK employment law. Drivers must make a minimum contribution of 5% and can choose to opt-out.

The Uber driver pension will be provided by NOW:...

https://www.ship-technology.com/uncategorised/uber-rolls-out-radical-innovation-for-driver-satisfaction-pensions/

Verdict has been conducting a poll to study the trends in business optimism during COVID-19 as reflected by the views of companies on their future growth prospects amid the pandemic.

Analysis of the poll responses recorded in June shows that optimism regarding future growth prospects improved to 60% from 59% in May.

The respondents who were optimistic increased by two percentage points to 23% in June, while those very optimistic decreased by one percentage point to 37%.

The respondents who were...

https://www.ship-technology.com/uncategorised/business-optimism-improves-marginally-in-june-poll/

Verification by independent auditors ensures that a company’s financial and non-financial data is accurate. It helps in filling the gap between ESG disclosures and building investor trust.

Verdict has conducted a poll to assess whether the independent verification of ESG disclosures made by companies and businesses is important.

A majority 83% of the respondents to the poll consider independent verification to be important, while the remaining 17% opined otherwise.

The analysis is based on 346...

https://www.ship-technology.com/uncategorised/poll-finds-independent-verification-of-esg-disclosures-to-be-important/