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EP9: The Impact of Russia's Invasion of Ukraine - A Trade Finance Compliance Perspective II

Maritime and Trade Talk

Release Date: 08/10/2022

EP28: Economic impact of armed conflicts show art EP28: Economic impact of armed conflicts

Maritime and Trade Talk

The prolongation of existing — and emergence of new — armed conflicts will likely remain a major source of geopolitical instability in the world economy, according to our strategic report on key themes for 2024. Following Iran’s recent strike on Israel, we pose the question: What could an escalation mean for the global economy?           Speakers: Ken Wattret Vice-President, Global Economics, S&P Global Market Intelligence Kristen Hallam Lead Content Strategist, S&P Global Market Intelligence

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EP27: Geopolitical reordering in 2024 show art EP27: Geopolitical reordering in 2024

Maritime and Trade Talk

We see five key overlapping themes for the year ahead. In this episode, we explore the theme of geopolitical reordering.   National interest objectives will influence reordering of relationships between countries and in multilateral forums, impacting global challenges, flows of trade, and investment. An important indicator underlying the direction of these risks in 2024 will be the outcomes of more than 70 scheduled elections — half of which will be presidential elections. The outcomes will have major implications for policy direction and priorities.   Download the complimentary...

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EP26: Logistics rewired − The world's largest ocean container shipping event show art EP26: Logistics rewired − The world's largest ocean container shipping event

Maritime and Trade Talk

One of our key themes for 2024 is logistics rewired. At the world's largest ocean container shipping event, TPM, shippers and their transportation providers will have plenty to talk about. Navigation restrictions on the Panama Canal, rerouting from the Red Sea to avoid attacks from Houthi militants, the persistent issue of overcapacity.   How is the shipping industry responding to these shocks and what impact could we see on trade and the global economy?   Join us at #TPM24, March 3 - 6, where these issues will be discussed in depth:     Speakers: Mark Szakonyi Executive...

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EP25: The storm before the storm - Q1’24 trade and supply chain outlook show art EP25: The storm before the storm - Q1’24 trade and supply chain outlook

Maritime and Trade Talk

2023 was a year of recovery, giving the air of a return to normal. Unfortunately, normal for supply chains means guiding operations through the middle of a storm of potential disruptions. Some are already visible, including the knock-on from conflict in the Middle East and the prospect of a renewed wave of trade protectionism. Others will emerge by surprise.   Our experts discuss the prospects for trade and supply chains in 2024, with topics including: Physical operations present the biggest challenges, with conflict in the Middle East and climate change disrupting shipping...

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EP24: Water stress and the 2024 sustainability outlook show art EP24: Water stress and the 2024 sustainability outlook

Maritime and Trade Talk

Droughts and flood events in recent years have highlighted the importance of water as a strategic global resource. Climate change will impact access to water and force many countries to modify how they manage resources, according to a new report from S&P Global Market Intelligence.   The prevalence of severe difficulties to predict weather patterns is likely to continue across the globe affecting populations, countries’ economic performances and key industries that rely on water as an essential resource. The El Niño climate pattern is forecast to significantly impact the world in...

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EP23: Deceptive shipping practices show art EP23: Deceptive shipping practices

Maritime and Trade Talk

Deceptive shipping practices began to emerge as a topic of interest in 2020, following guidance from the U.S. Treasury Department.   Subterfuge shipping has always been an issue. But this proverbial game of cat and mouse has continued to escalate in terms of the complexity of tactics used to circumvent these regulations, as well as the industry tools used to identify and combat them.   How are the tactics used in subterfuge shipping activities evolving? And what risks do they pose for businesses and financial institutions?   Read the paper: Read the paper:   Speakers:...

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EP22: Q4'23 Trade and Supply Chain Outlook show art EP22: Q4'23 Trade and Supply Chain Outlook

Maritime and Trade Talk

The supply chain story of 2023 so far has been one of normalization. Demand has slowed down with U. S. seaborne imports of consumer goods falling in the first eight months of the year. The seasonality of shipping patterns also appears to be returning to normal and global trade activity is likely to stabilize.   But as ever, we see risks on the horizon. Trade policies are becoming more restrictive and sustainability policies are starting to have real consequences for supply chains. Water stress and labor action also threaten supply chain stability.   What is driving the return to...

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EP21: Sustainability at Sea - Port performance and Emissions show art EP21: Sustainability at Sea - Port performance and Emissions

Maritime and Trade Talk

We may be stuck in road traffic for an hour, but ships can be waiting for many hours to enter a port, generating emissions all the while.   In this episode, Turloch Mooney, Product Management Associate Director at S&P Global Market Intelligence discusses what the shipping industry is doing to manage these wait times and get closer to their emissions targets and save money in the process.   Speakers: Turloch Mooney - Product Management Associate Director, Maritime, Trade & Supply Chain, S&P Global Market Intelligence Kristen Hallam - Lead Content Strategist,...

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EP20: A Long War in Ukraine show art EP20: A Long War in Ukraine

Maritime and Trade Talk

Roughly 18 months ago, Russia invaded Ukraine, sending shock waves through financial and commodities markets. Since then, we've seen rounds of sanctions from the US and EU, an expansion of NATO, and an attempted mutiny in Russia. Still, the war grinds on.   In this episode, we discuss the outlook for the Russia-Ukraine conflict with Alex Kokcharov, S&P Global Market Intelligence's Principal Country Risk Research Analyst. How long is the conflict likely to last? What risk factors could influence its trajectory?   Speakers: Alex Kokcharov - Principal Country Risk Research...

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EP19: The EU’s 11th Package on the Circumvention of Sanctions and Vessel STS Transfers: Risks and Challenges for Trade Finance and Supply Chain Firms show art EP19: The EU’s 11th Package on the Circumvention of Sanctions and Vessel STS Transfers: Risks and Challenges for Trade Finance and Supply Chain Firms

Maritime and Trade Talk

The EU’s 11th package of sanctions targeted against Russian trade is to close loopholes and tackle the circumvention of trade through re-exports of goods via third party countries to Russia and also to tackle the illicit transfer of oil via ship-to-ship transfers in EU waters.   Byron McKinney, S&P Global Market Intelligence’s Product Management Director discusses the shipping segment within the transport section of the document.   Listen to the on-demand webinar in full:   Speaker: Byron McKinney - Product Management Director, Maritime, Trade & Supply Chain,...

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Download the whitepaper: https://ihsmarkit.com/Info/0722/impact-russia-invasion-ukraine-trade-finance-compliance-perspective-ii.html As the Russian war effort directed against Ukraine continues, the latest round of sanctions forces shippers, cargo operators, corporates, banks and insurers to reevaluate their compliance programs to align with global regulation. In this episode, Ravi Amin, S&P Global Market Intelligence’s Trade Compliance Subject Matter Experts and the author of the August update whitepaper 'The Impact of Russia's Invasion of Ukraine - A Trade Finance Compliance Perspective II', provides further analysis on the most recent coverage in a podcast, including: - Vessel activity in high-risk areas, including illicit shipping practices - Suspected theft of Ukrainian grain by Russian and Syrian bulk carriers - Russian oil movements - Russian supply chain activity and trends - Dual-use goods and commodities of concern Key Takeaways - As of 25 July, there are 414 vessels in the Crimea Joint War Committee (JWC) high-risk zone, an increase from the 373 vessels seen on 11 April - Of the 414 vessels, 109 vessels have been ‘dark’ for 7 days or more - From March to June there has been an increase of over 2,000 vessels going dark globally, with the associated average dark time decreasing. During the same time period, there was an approximately 25% increase in vessels engaging in a potential port call whilst dark - Multiple Russian and Syrian bulkers have been dark in areas close to Kerch and Sevastopol in Crimea, after being identified by the U.S. and Ukrainian governments as vessels illicitly carrying stolen grain to Turkey, Syria and parts of Africa - As of 25 July, there are 100 tankers that have loaded crude oil from Russian ports with 77.5M barrels of oil on the water. This is an increase from the previously reported 94 vessels loaded with 75.4M barrels of oil on 10 May - Although India and China remain key importers of Russian oil, the remaining countries making up the top five importers are Italy, Turkey and Netherlands - In the last 3 months, Italy has been the third largest importer of Russian oil behind China and India, receiving on average 700,000 barrels a day - As of 25 July, 22 bulker vessels registered to Greece are in transit from Russia to China, India, Italy, Turkey and Netherlands. In the last 5 months there has been a 150% increase in the number of Greek, Maltese and Cypriot vessel operators carrying Russian oil - Customs data for trade with Russia in May 2022, shows that China remains a key trading partner. There has been an increase in the value of goods traded month on month for the previous two quarters. Mineral Fuels and oils (HS Chapter 27) accounted for over 77% of total value of traded goods in May 2022. There were large notable increases in the month-to-month changes in value of goods being exported from Russia to Switzerland, Ivory Coast, Panama, South Africa and Argentina - The U.S. Bureau of Industry and Security (BIS) and Financial Crime Enforcement Network (FinCEN) released a joint advisory on 28 June, reiterating the need for vigilance in regard to the shipment of certain ‘commodities of concern’. Many of the commodities listed in the BIS and FinCEN document are being exported directly to Russia from countries such as China, India, Turkey, Vietnam, South Korea and Japan Listen to the first update in May: https://soundcloud.com/maritimeandtrade-talk/ep6-the-impact-of-russias-invasion-of-ukraine-a-trade-finance-compliance-perspective Speakers: Ravi Amin - Trade Compliance Subject Matter Expert, Maritime, Trade & Supply Chain, S&P Global Market Intelligence Girish Hanumegowda - Trade Compliance Regional Subject Matter Expert, Maritime, Trade & Supply Chain, S&P Global Market Intelligence