Maritime and Trade Talk

The launch of the second comparable index of global container port performance. In this episode, joint members of the World Bank Group and S&P Global Market Intelligence team who had created the index discuss the scope, underlying data, and methodology, as well as its purpose and uses of the second Container Port Performance Index (CPPI). Download the CPPI 2021 report: https://ihsmarkit.com/Info/0522/cppi2021report.html *This episode is an excerpt from a webinar. Listen to the on-demand webinar here: https://ihsmarkit.com/events/the-container-port-performance-index-2021/overview.html The year 2021 highlighted in the starkest of terms the pivotal role port performance plays in the timely supply of goods to countries and their populations. The severe impacts of the COVID-19 pandemic on global container port operations showed in no uncertain terms the very tangible repercussions of inefficient ports on their hinterlands and populations. In the short-term this can be in the form of shortages of essential goods and higher prices; in the medium to longer term, inefficient ports can result in inflation, slower economic growth, less employment, and reduced financial performance of importers and exporters. Developed by the World Bank Group and S&P Global Market Intelligence, the Container Port Performance Index (CPPI) is a comparable index of global container port performance. The index is intended to serve as a reference point for key stakeholders in the global economy, including national governments, port authorities, development agencies and private organizations engaged in trade, logistics and supply chain services. As that reference point, the CPPI is intended to identify gaps and opportunities for improvement in container port operations, and to stimulate a dialogue among key stakeholders and move this essential agenda forward. Speakers: Richard Martin Humphreys - Lead Transport Economist, World Bank Group Andy Lane - Partner, CTI Consultancy Grace Ashley - ET Consultant in Transport Global Practice Turloch Mooney - Product Management Associate Director, Maritime & Trade and Supply Chain, S&P Global Market Intelligence Guy Sear - Vice President/Managing Director and Global Head of Risk and Compliance, Maritime, Trade & Supply Chain, S&P Global

With concrete action awaiting to lay out the path to decarbonize maritime emissions, Patrick Verhoeven, managing director of the International Association of Ports and Harbors (IAPH), and Jutta Paulus, member of the European Parliament and rapporteur for the revision of the EU emissions reporting regulation, discussed setting out rules and mutual expectations. MEPC 78 takes place at the beginning of June and this discussion will continue. Speakers: Jutta Paulus - Member of the European Parliament Patrick Verhoeven - Managing Director, International Association of Ports and Harbors (IAPH) Ines Nastali - Senior Custom Publishing Editor, S&P Global Market Intelligence Jutta Paulus has been a German member of the European Parliament for the Greens/European Free Alliance since July 2019. Before, she worked in quality management and controlling in laboratories and hospitals. Paulus holds a bachelor of pharmacy from the Philipps-Unversität of Marburg, Germany. Patrick Verhoeven is the managing director of the International Association of Ports and Harbors (IAPH), responsible for policy and strategy. The organisation represents about 170 ports and some 140 port-related businesses in 90 countries worldwide. Prior to joining IAPH in 2017, Patrick spent twenty-four years in Brussels representing the interests of shipowners, port authorities, terminal operators and ship agents at EU level. He started his career in 1991 with the Antwerp-based ship agent Grisar & Velge. Patrick holds a PhD in applied economics and a bachelor's in law from the University of Antwerp. Ines Nastali joined IHS Markit (now S&P Global) at the London headquarters in September 2018 as the editor of Dredging and Ports Construction magazine before taking over as editor of Ports & Harbors, the membership publication of the International Association of Ports and Harbors. She is responsible for the delivery of a bi-monthly magazine, always on the lookout for the latest market trends in order to keep readers informed, as well as the supplement production for all maritime publications. Making use of her experience in multi-media and data-driven storytelling, her focus for the company's maritime publications portfolio has been to establish the utilisation of S&P Global Market Intelligence's rich dredging, port and maritime data and to translate those datasets into interactive and print visualisations to give an insight into fleet data, port infrastructure developments and shipbuilding trends as well as casualty incidents. She holds a Bachelor of Arts in technical journalism from the Hochschule Bremen, Germany, and a Master of Arts in science journalism from London's City University.

Download the whitepaper: https://ihsmarkit.com/Info/0522/impact-russia-invasion-ukraine-trade-finance-compliance-perspective.html In response to Russia's invasion of Ukraine, governments and regulators have enforced stringent sanctions in key strategic industries. Countries have periodically announced new restrictions on various Russian individuals, entities, and industries; and it is likely that this will continue as the conflict is prolonged. In this episode, Ravi Amin and Jeremy Domballe dive deeper into our latest whitepaper; The Impact of Russia's Invasion of Ukraine - A Trade Finance Compliance Perspective, which focuses on some of the key trade compliance risks financial institutions now face in the context of multiple sanctions on Russian entities including Russian owned vessels, export control regulations and the restricting of corporates from exporting and importing certain goods that may enhance key Russian industries including the energy, aviation, aerospace and technology sectors. Speakers: Ravi Amin - Trade Compliance Subject Matter Expert, Maritime & Trade and Supply Chain, S&P Global Market Intelligence Jeremy Domballe - Subject Matter Expert, Maritime & Trade and Supply Chain, S&P Global Market Intelligence Ravi Amin joined IHS Markit (now S&P Global) in February 2020 as a Trade Compliance Specialist, to provide valuable insight to customers helping them to reduce global supply chain risk, and provide transparency in the Maritime and Trade sector through incorporating in-depth risk and compliance procedures. Mr. Amin has five years' worth of industry experience and considerable knowledge in the Trade Finance sector having previously worked at Accuity as the Trade Compliance Product Manager for four years, where he was pivotal in the innovation and building of risk monitoring products fit for multiple industries, including the Financial and Transport industries. Mr Amin's has expert knowledge in the European and American Dual-Use and Military Goods Regulation, as well sanctions and regulatory compliance, and has used this knowledge to help design the best in class tools to manage risk. Prior to starting a career in Risk and Compliance, Mr. Amin worked at Ipreo for five years in Corporate Advisory Services, helping to provide shareholder surveillance, investor targeting, capital flows insights and investor perception to clients allowing them to understand more about their shareholder base. He holds a Bachelor's of Science Degree in Economics from City University, London. Jeremy Domballe specialises in data assets and solutions within the Maritime & Trade and Supply Chain division. He partners with executives and businesses of all sizes around the world to identify growth opportunities, reduce global supply chain risk, assess markets, as well as assisting in providing transparency in the maritime domain awareness space, including areas such as shipping compliance and risk. Mr Domballe also collaborates with many of our industry experts to develop compelling insights, conducting research, analysis and finding new innovative ways to portray, interpret and mesh different data together. Mr Domballe has five years of experience in the industry with a history of client support. He holds a BSc in Environmental Hazards & Disaster Management, graduating from Kingston University, London and is fluent in French.

Following IMO Maritime Safety Committee (MSC 104) in October 2021, consideration was given to IAPH's submission outlining the recently finalised version of the Cybersecurity Guidelines for Ports and Port Facilities and calling for its inclusion in the next version of the IMO Guidelines on Maritime Cyber Risk Management. Its chair, Mayte Medina (United States), proposed a request to the secretariat to update the IMO guidelines, subject to agreement at the next meeting of the Facilitation Committee (FAL 46) that is due to take place in May 2022. Gene Seroka, the executive director of the Port of Los Angeles, and Patrick Verhoeven, managing director of the International Association of Ports and Harbors (IAPH), discussed the congestion issues the maritime industry faces, digitalization, and the way forward. Speakers: Gene Seroka - Executive Director, Port of Los Angeles Patrick Verhoeven - Managing Director, International Association of Ports and Harbors (IAPH) Ines Nastali - Senior Custom Publishing Editor, S&P Global Market Intelligence Gene Seroka is the executive director of the Port of Los Angeles, the busiest container port in North America. Throughout the pandemic, Seroka – who lived in China during the 2002-2004 SARS epidemic – has led the port's response to the global health crisis, keeping cargo flowing as an essential service to the nation. Seroka has distinguished himself as a leader throughout his 33-year career in shipping, global logistics and executive management. He holds an MBA and Bachelor of Science in Marketing from the University of New Orleans. Patrick Verhoeven is the managing director of the International Association of Ports and Harbors (IAPH), responsible for policy and strategy. The organisation represents about 170 ports and some 140 port-related businesses in 90 countries worldwide. Prior to joining IAPH in 2017, Patrick spent twenty-four years in Brussels representing the interests of shipowners, port authorities, terminal operators and ship agents at EU level. He started his career in 1991 with the Antwerp-based ship agent Grisar & Velge. Patrick holds a PhD in applied economics and a bachelor's in law from the University of Antwerp. Ines Nastali joined IHS Markit (now S&P Global) at the London headquarters in September 2018 as the editor of Dredging and Ports Construction magazine before taking over as editor of Ports & Harbors, the membership publication of the International Association of Ports and Harbors. She is responsible for the delivery of a bi-monthly magazine, always on the lookout for the latest market trends in order to keep readers informed, as well as the supplement production for all maritime publications. Making use of her experience in multi-media and data-driven storytelling, her focus for the company's maritime publications portfolio has been to establish the utilisation of IHS Markit's rich dredging, port and maritime data and to translate those datasets into interactive and print visualisations to give an insight into fleet data, port infrastructure developments and shipbuilding trends as well as casualty incidents. She holds a Bachelor of Arts in technical journalism from the Hochschule Bremen, Germany, and a Master of Arts in science journalism from London's City University.

In 2020, the International Association of Ports and Harbors (IAPH) surveyed its members looking at their compliance with the IMO Facilitation on International Maritime Traffic (FAL) Convention and found that only one-third of respondents met the requirements to have digital port community systems in place. This followed the International Maritime Organization (IMO) revelation in November 2020 that only 49 of the 174 IMO member states have working systems. Patrick Verhoeven, IAPH managing director, and Martin Humphreys of The World Bank discuss working together to advance digitalization and decarbonization in ports and give developing countries a fair business opportunity. Speakers: Martin Humphreys - Lead Transport Economist, South Asia Unit of the Transport Global Practice, The World Bank Patrick Verhoeven - Managing Director, International Association of Ports and Harbors (IAPH) Ines Nastali - Senior Custom Publishing Editor, S&P Global Market Intelligence Martin Humphreys is a lead transport economist in the South Asia Unit of the Transport Global Practice of the World Bank. He has been working in the transport sector for nearly 30 years in a number of different countries/regions. His experience covers roads, railways, inland waterways and maritime ports, public private partnerships, and trade and transport facilitation, in post-conflict, fragile, and low- and middle-income countries. Martin has a first degree in Economics, and a Master's Degree and PhD in Transport Economics. Patrick Verhoeven is the managing director of the International Association of Ports and Harbors (IAPH), responsible for policy and strategy. The organisation represents about 170 ports and some 140 port-related businesses in 90 countries worldwide. Prior to joining IAPH in 2017, Patrick spent twenty-four years in Brussels representing the interests of shipowners, port authorities, terminal operators and ship agents at EU level. He started his career in 1991 with the Antwerp-based ship agent Grisar & Velge. Patrick holds a PhD in applied economics and a bachelor's in law from the University of Antwerp. Ines Nastali joined IHS Markit (now S&P Global) at the London headquarters in September 2018 as the editor of Dredging and Ports Construction magazine before taking over as editor of Ports & Harbors, the membership publication of the International Association of Ports and Harbors. She is responsible for the delivery of a bi-monthly magazine, always on the lookout for the latest market trends in order to keep readers informed, as well as the supplement production for all maritime publications. Making use of her experience in multi-media and data-driven storytelling, her focus for the company's maritime publications portfolio has been to establish the utilisation of IHS Markit's rich dredging, port and maritime data and to translate those datasets into interactive and print visualisations to give an insight into fleet data, port infrastructure developments and shipbuilding trends as well as casualty incidents. She holds a Bachelor of Arts in technical journalism from the Hochschule Bremen, Germany, and a Master of Arts in science journalism from London's City University.

Office of Foreign Assets Control's (OFAC) advisory on 'Guidance to Address Illicit Shipping and Sanctions Evasion Practices' of 2020 outlined a number of recommendations for financial institutions to manage shipping risk. The guidance relating to 'dark' activity and ship-to-ship transfers have been challenging to implement within existing trade finance compliance screening programmes. ACSS, IIBLP and IHS Markit interviewed a number of banks and others to look at the actions taken by financial institutions in response to the OFAC advisory notice and offer a series of practical recommendations to best manage the new world of shipping risk. Download the whitepaper: https://cdn.ihsmarkit.com/www/prot/pdf/0222/Sanctions-advisories-for-the-maritime-industry_Feb2022.pdf This paper will offer an overview of the shipping industry and how it relates directly to financial institutions in light of the Office of Foreign Assets Control (OFAC) and Office of Financial Sanctions Implementation (OFSI) advisories. We will cover the key aspects of Automatic Identification System (AIS) and discuss the main elements and steps in a typical ship-to-ship (STS) operation. A Working Group has been convened of trade finance experts in the banking, shipping and regulatory industries in order to answer and clarify the following points for compliance officers in financial institutions: 1. An understanding of AIS 2. How can data transmitted by AIS be manipulated 3. What are the items of information broadcast This paper recommends the following as major factors for discussion and consideration: 1. AIS outages and STS operations should be examined in closer detail if they occur for lengthy time periods of 10 hours or more. This would be a calculated average time taken to potentially conduct a port call or an at-sea cargo transfer. AIS outages below the 10-hour cut-off would potentially be insignificant from a risk and compliance perspective with the caveat that some DPRK ship-to-ship operations for petroleum products have been conducted in slightly less time 2. AIS outages are only important if the vessel could engage with another vessel of the same type or perform a port call in the time it was 'dark'. If this is not possible then a potential red flag becomes downgraded Speakers: Saskia Rietbroek - CSS, Executive Director at Association of Certified Sanctions Specialists (ACSS) Michael Byrne - CEO at International Institute of Banking Law & Practice (IIBLP) Byron McKinney - Director, Product Management at IHS Markit

What is AIS, what it's designed to do, how does it work? The Basics of AIS Part I and Part II intends to assist users new to AIS to make informed decisions on the consumption and interpretation of AIS data. Download AIS Fundamentals: https://cdn.ihsmarkit.com/www/prot/pdf/0222/840090525_0222_MT_MAT_AIS-Fundamentals_Brochure_Final_LowRes.pdf Listen to Part I: https://soundcloud.com/maritimeandtrade-talk/ep1-part-1-the-basics-of-ais Speakers: George Devereese - Director, Maritime Risk & Compliance Product Manager at IHS Markit Richard Hurley - Senior Maritime Data Analyst at IHS Markit

What is AIS, what it's designed to do, how does it work? The Basics of AIS Part I and Part II intends to assist users new to AIS to make informed decisions on the consumption and interpretation of AIS data. Download AIS Fundamentals: https://cdn.ihsmarkit.com/www/prot/pdf/0222/840090525_0222_MT_MAT_AIS-Fundamentals_Brochure_Final_LowRes.pdf Listen to Part II: https://soundcloud.com/maritimeandtrade-talk/ep2-part-2-the-basics-of-ais Speakers: George Devereese - Director, Maritime Risk & Compliance Product Manager at IHS Markit Richard Hurley - Senior Maritime Data Analyst at IHS Markit