What's happening in Europe





Brexit recalls Henry VIII's break with Rome to form the Church of England against the might of Catholic Europe

For most British subjects, the reason for backing Brexit, is more visceral than ideological. There is no lack of proportionate non-white support, as is so often charged to bring Brexiteers into disrepute.

Outside London and the south of England, that is, where Remain sentiment is high, non-whites, if they have either Commonwealth or British accents outside Remain areas, are fairly reflective of the views of the general population.

It is in London where both the public sector and big business concentrate. Big business sees the EU as an ally that makes regulatory compliance so costly that its keeps smaller rivals at bay, not to mention that much of their settled business has been with the EU because it must be under the rules of the Single Market. So admittedly, without an EU, there would be much disruption in the Wild West of the WTO world. Good times would come after bad times.

Seeking justice in dispute resolution procedures when conflict arises in European Belt and Road projects

With freight trains running to and from China and Europe and growing European Belt and Road activity involving joint infrastructure projects and financing, disputes between parties are bound to arise.

For 50 years, the standard dispute resolution among business partners was the "rent-a-judge" method of commercial arbitration. This allowed the parties to choose their own tribunal, especially useful when the subject matter of the dispute is highly technical.

But with the growth of cross-border projects, the range of difficulties extended well beyond the law and custom of any one country and has since been replaced by international arbitration under different rules.

European carriers must soon decide whether to opt for LNG, low sulphur blends or scrubbers before January

European shipowners and shipmanagers are the most regulated, supervised and most frequently suspected of wrongdoing despite the number of times European Commission competition authorities have come up empty after raiding company offices.

Given the level of fines expected for flouting shipping regulations, from which the EU hopes to harvest, the world's biggest container carriers have spent mega bucks on compliance officers and legal advice to stay on the right side of the law next year.

That's when the United Nations mandate for low sulphur fuel kicks in. It's a virtual ban on sulphur emissions from ships, cutting down the allowable level to .05 per cent from today's 3.5 per cent.

Russian Arctic LNG production provides new impetus and prospects for the Northern Sea Route

Global warmists may have had a hard time selling their creed in North America given the Arctic weather US southern regions had to endure this year, but things were different in Europe where the Northern Sea Route in the Russian Arctic has warmed up.

Beyond better navigation conditions, which only allow for a two to three months passage of ships in the brief Arctic summer, new developments have given the Northern Sea Route new impetus and greater credibility as a working trade lane than ever before.

That is, Russia's major commitment to developing its Arctic oil and gas reserves, particularly liquefied natural gas production (LNG), and exporting it though western Siberian ports.


Europe Trade Specialists

Globelink Int'l Freight Forwarding (HK) Ltd.
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