Category: Shipping, International Trade and Logistics
Shipping, International Trade and Logistics

Tougher Verification Protocols for Beneficiaries in Letter of Credit Payments

Tougher Verification Protocols for Beneficiaries in Letter of Credit Payments /*! elementor - v3.13.2 - 11-05-2023 */ .elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner.elementor-widget-spacer,.e-con.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner.elementor-widget-spacer.elementor-widget-container,.e-con-inner.elementor-widget-spacer.elementor-widget-container.elementor-spacer,.e-con.elementor-widget-spacer.elementor-widget-container,.e-con.elementor-widget-spacer.elementor-widget-container.elementor-spacer{height:100%}.e-con-inner.elementor-widget-spacer.elementor-widget-container.elementor-spacer.elementor-spacer-inner,.e-con.elementor-widget-spacer.elementor-widget-container.elementor-spacer.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))} September 28, 2023 /*!…
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28 September 2023
Shipping, International Trade and Logistics

The Rise in Registration of Shipping Vessels in Singapore

Strong Shipping Foundations and Infrastructure

The Singapore Registry of Ships (SRS) is the administration responsible for executing the proper registration of ships sailing under the Singapore flag. With more than 4,400 ships that aggregate over 96 million gross tons (GT), the SRS is amongst the world’s top ten registries with one of the youngest quality fleets.…
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12 September 2023
JTJB Trade Sanctions Article Featured Image
Shipping, International Trade and Logistics

The Impact of Sanctions on Shipping and Trade

An economic sanction is a restriction on trade. It can have a far-reaching and detrimental impact on the economy and business interests including in the maritime sector.

Taking the example of Russia, the US, UK and the EU decided, to varying degrees, to target Russia’s energy sector which impacted the shipping industry and its insurers in a range of ways, such as:

Blockages in and around the Black Sea; A continued rise in container freight rates due to record highs in oil prices; The ongoing threat of a Russian cyber-attack on global supply chains; Potential delayed payments in the shipping sector as several Russian banks have been banned from using the SWIFT payment system.…
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12 September 2023
Shipping, International Trade and Logistics

Spotlight on Singapore’s Maritime Champions: Ms. Tan Beng Tee, Executive Director, Singapore Maritime Foundation

In celebration of the International Day for Women in Maritime, John Sze, our Deputy Managing Partner, sat down with Ms. Tan Beng Tee, Executive Director of the Singapore Maritime Foundation, on her journey as a leader in Maritime Singapore, and her thoughts and tips women who are starting their careers in the Maritime sector.…
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26 May 2023
Shipping, International Trade and Logistics

Supply Chains Shake Ups – Building Flexibility and Resilience for Business Transformation

Key players from the shipping industry were in Singapore last week for Singapore Maritime Week (SMW) and the Singapore Shipping Forum, where themes discussed included decarbonisation, digitisation of the shipping sector and improving the flexibility of supply chains. The industry has undergone a period of significant change and instability over the past few years.…
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3 May 2023
Shipping, International Trade and Logistics

Singapore’s National Hydrogen Strategy and What it Means for Shipping Industry Stakeholders

One of the panel sessions on this year’s Singapore Maritime Week explored the potential readiness for alternative fuel options such as hydrogen as well as the associated operational infrastructure challenges and opportunities.

Cleaner fuels are increasingly emerging as alternatives to the bunker fuels currently used to power vessels.…
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3 May 2023
Shipping, International Trade and Logistics

Singapore As The Asian Forum To Arbitrate Maritime Disputes

The nature of maritime disputes can be complex and wide ranging; disputes can arise out of ship mortgages, ship repairs, demurrage, wharfage and dockage, charterparties, marine insurance, seafarer’s employment, and collisions.

Due to the multi-jurisdictional nature of shipping, the enforceability arbitration awards is also crucial as assets are often located in different jurisdictions.…
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31 December 2022
Shipping, International Trade and Logistics

Shipbuilding Contracts: Practical Issues and Considerations

In very recent years, there has been an increase in the number of shipbuilding contracts for the first time following the 2008 financial crisis. Many vessels commissioned around the shipping boom of 2005 are now approaching middle age. The push for greener shipping (along with the incentives that follow) also provide an incentive for companies to invest in newer and greener vessels using new fuel technologies.…
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31 December 2022

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