A ship is said to be ‘flying a flag of convenience’ when the flag on the stern of the ship, representing the country of the Port of Registration, is not the home country of the company which owns the ship. This practice is also known as an ‘open register’, and enables ship owners to choose a ship registration regime which may have less prescreptive maritime regulations and lower taxes.
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China allows Tesla Model 3 imports
The Customs Authority of China has lifted the suspension on imports of Tesla’s Model 3. “We can confirm that the warning notice on Tesla has been canceled,” said an official, from the Customs Service. China import authorities stopped clearing Tesla ...Read More
Exports grow faster than imports in Poland
In January 2019 exports from Poland grew faster than imports for the first time since May 2018. Poland's foreign trade deficit amounted to EUR 100 million after January 2019. Exports amounted to EUR 18.1 billion, a 2.5 percent increase year ...Read More
Turkey’s export rise
In February, Turkey had the highest February export figure in the country's history. Exports increased by 5% in the first two months of the year, and imports decreased 23.1%.” The Trade Minister said that the rate of exports covering imports ...Read More
Container Terminal in Sweden growing
A new greenfield container terminal at the Port of Gävle, Sweden is to be developed based on finance from a Swedish investment company. Gävle is Sweden’s third largest container port, and has experienced significant growth for some time. Demand for ...Read More
