Robert Esaw’s Post

It's during these challenging times we understand how well or badly we are covered  through contracts and their terms and conditions. 

ECSA's Sotiris Raptis contributes his insights on the Red Sea crisis in the latest POLITICO Europe article of Jeremy Van der Haegen discussing about the attacks putting at risk the safety and the lives of seafarers and the impact on the supply chains. Great insights from Dr. Martin Kröger, LL.M. about the situation in the area and the tools that should be used to deescalate the crisis. Read the full story here: https://lnkd.in/entnYKut

🚢 Impact of Recent Red Sea Cargo Vessel Attacks on Global Trade 🌍 The recent attacks on cargo vessels in the Red Sea have sent ripples through the global trade landscape. These incidents have raised concerns about maritime security, disrupting vital trade routes and affecting the flow of goods worldwide. As stakeholders, while we navigate these challenges, it's crucial to address the immediate safety concerns while also exploring long-term strategies to safeguard international trade routes. Now, more than ever, collaboration and innovative solutions are pivotal to ensuring the resilience and stability of global trade and supply chains. Routes via Cape of Good Hope, while they act as a temporary solution, are not viable in the long run. #MaritimeSecurity #GlobalTrade #RedSeaAttacks

"The federal government has no idea how much real estate Chinese entities own in the United States. The U.S. Department of Agriculture legally is required to track foreign ownership of agricultural land, but underestimates Chinese ownership by at least 50%." "What’s more, federal national security capabilities intended to scrutinize these purchases repeatedly have failed to address even the most glaring threats." "Laws requiring disclosure of foreign ownership of farmland need to be enforced." "The Committee on Foreign Investment in the United States, charged with scrutinizing foreign investments for national security concerns, needs to have jurisdiction over Chinese land purchases and to police that jurisdiction thoroughly. " "The interagency committee also needs to treat Chinese ownership of critical capabilities such as food production as the national security threat it is." "Chinese ownership of critical real estate would exacerbate all of these threats and heighten long-term risks such as adversary control of the U.S. food supply."

How are Houthi attacks on ships in the Red Sea affecting global trade? https://buff.ly/3t8i3vL #Houthis #RedSea #Suez #InformedNotInflamed #JohnDaly #JohnDalyNews #MediaBias #Facts #disinformation #Politics #Truth #WorldNews #CarolinaBuzz #factualnews #investing #BanyanHill

Highlights from this week’s trade news! CBP - CBP released the February 2024 monthly operational update. Highlights: • Processed more than 2.6 million entry summaries • Identified $6.5 billion to be collected  • Stopped 540 shipments for further examination based on suspected use of forced labor   OFAC – OFAC designated two individuals and three entities as key financial facilitators involved in funding for Hamas. The entities and individuals partnered on multiple fundraising efforts to support Hamas.   FDA - The FDA launched the Searchable Tobacco Products Database, a new user-friendly list of tobacco products that may be legally marketed in the United States. Industry - A Florida salvage firm that helped contain the Deepwater Horizon oil spill is heading to Baltimore to kickstart the cleanup effort involving the damaged container ship and the destroyed Key Bridge as officials scramble to reopen the city’s port. Read the full news roundup 👇

⚠️Current Update.. The Red Sea crisis, driven by Iran-backed Houthi militant attacks on ships, disrupts global maritime trade, prompts route changes, and causes delays, impacting worldwide industries.🌎🛳️ Visit: www.easyvessel.com #redsea #redseacrisis #globaltrade #globaltradedisrupt #redseaaffect #globalmaritimetrade #freight #importexport #easyvessel

The Federal Maritime Commission (FMC) has scheduled a public hearing on February 7, 2024, to assess the impact of conditions in the Red Sea and Gulf of Aden regions on commercial shipping and global supply chains. Interested parties can participate by submitting written comments until January 31, 2024. #FMC #RedSea #Disruption #SupplyChain #OceanFreight

The Red Sea crises is the latest, but not the last, of international incidents impacting international trade. There is more to come, an already complex global trade environment is getting more complicated. Resilience & increased predictability is today a strategic priority for all companies involved in international trade. In addition, there will be more changes to global trade the next five years than we have seen in the last fifty - including multiple new supply chain ESG regulations in many geographies. However, there is also hope & good news. The acceleration of trade digitalization and supply chain data visibility makes integrated end-to-end solutions. with predictive and proactive management, possible today. It is time to plan for the unplannable and to do it well. To get more insights, read this blog from World Economic Forum (WEF), ’Red Sea attacks: What trade experts are saying about the shipping disruptions’. A.P. Moller - Maersk Zera Zheng Rico van Leuken Bojan Strbanovic William Petty Pablo G. Ortega Faraudo #maersk #mcs #gtcc #customs #borders #trade #tradefacilitation #tradecompliance #predictability #resilience #compliance #aeo #HS #HarmonizedSystem #Classification #HSClassification #trustedtrader #trustedtradelanes #wco #worldcustomsorganization #digitaltradecorridors #AllTheWay

Highlights from this week’s trade news! CBP - CBP released the February 2024 monthly operational update. Highlights: • Processed more than 2.6 million entry summaries • Identified $6.5 billion to be collected  • Stopped 540 shipments for further examination based on suspected use of forced labor   OFAC – OFAC designated two individuals and three entities as key financial facilitators involved in funding for Hamas. The entities and individuals partnered on multiple fundraising efforts to support Hamas.   FDA - The FDA launched the Searchable Tobacco Products Database, a new user-friendly list of tobacco products that may be legally marketed in the United States. Industry - A Florida salvage firm that helped contain the Deepwater Horizon oil spill is heading to Baltimore to kickstart the cleanup effort involving the damaged container ship and the destroyed Key Bridge as officials scramble to reopen the city’s port. Read the full news roundup 👇