Hamburg Preparing for Brexit

Manjula

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The Hamburg Senate has been preparing for Britain’s impending withdrawal from the European Union for months, according to a press release Monday (October 22, 2018). “Since last July, the Senate Chancellery’s co-ordinating office has been in charge of preparing the city for Brexit. The required amendments will be made to state law. Hamburg administration’s will
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Global Ship Lease, Inc., a containership charter owner, announced its unaudited results for the three months and nine months ended September 30, 2018. Third Quarter and Year To Date Highlights – Reported operating revenue of $35.9 million for the third quarter 2018. Revenue for the nine months ended September 30, 2018 was $107.0 million –
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China’s construction steel rebar prices dipped on Tuesday amid a broad sell-off across commodities, as market sentiment was dampened by a fresh round of Sino-U.S. trade friction. According to a Bloomberg report, the United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between Presidents Trump
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Global economic momentum is decelerating, according to a broad range of financial and real-economy indicators, which is weighing on worldwide equity markets and oil prices. The depth and duration of the slowdown is impossible to gauge at this point, whether it turns out to be simply a mild and short-lived “soft patch”, a longer but
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Forecasters reduced estimates for Chinese economic growth over the coming quarters as recent government measures to counter an escalating trade war with the U.S. were seen as inadequate. Gross domestic product will probably increase by 6.4 percent on a year-over-year basis in the final quarter of 2018 before growth decelerates to 6.3 percent in the
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The eurozone economy slowed sharply this summer, posting the weakest quarter in five years, as the region begins to suffer from a slowdown in China and turmoil in Italy takes a toll. Tuesday’s figures also suggest that the outlook for the bloc remains uncertain. With China’s economy slowing, the global economy seems set to cool
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Shortage of thermal coal supply in India has pushed imports up to 85 million tonnes (mt) in the first half of the current fiscal compared to 75 mt logged in the same period last year. In fact, imports by non-regulated sectors such as cement, aluminium and steel accounted for about 68 per cent of the
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In the first three quarters of 2018, total throughput in the port of Rotterdam was 0.4% lower than in the same period the previous year. Container volumes continued to grow at a markedly higher pace than the first nine months of 2017 – even recording a new all-time high in August. Wet and dry bulk,
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According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick in on Nov. 4. But more precisely, Iran’s shipment figures – crucial to oil markets – are already a mystery. Iran’s oil exports are becoming
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Freight volumes passing through the Port of Gothenburg during the year to date are as follows. Container traffic is up 20% compared with the preceding year, and energy product flows remain consistently strong. New car figures rose by 4% but now appear to be levelling off, albeit at a high level. Growth in container volumes
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