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Experts stress on need for long-term funds for shipping sector

Experts discussed the need to bring in an Indian P&I (Protection and Indemnity) club to address some critical needs of the shipping sector

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CNN Newsroom With Jim Acosta

after the ceo appeared on, you know, with jake tapper in the town meeting and declared there was going to be transparency. i mean, obviously this should have been part of that. >> right. let's talk about the rules and regulations. i mean, according to a report from the ntsb, five of the 38 cars that derailed were carrying more than 115,000 gallons of vinyl chloride, a known carcinogen. why aren't there stricter requirements on trains that carry these types of cargos, reinforced cars, better fail-safe detectors, braking systems? why don't we have all of that in this country? >> you know, jim, while we were at d.o.t. we put into place some very, very tough rules and regulations having to do with safety. that was our number one priority in all modes of transportation. unfortunately, some of those were eliminated during the trump administration, and some of the

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Early Start With Christine Romans

let's say an adult and working at chipotle. >> help wanted sign at my new jersey target was like i think 17 bucks an hour or something. just incredible. spencer jacob, thank you so much. nice to see you. millions of americans under winter weather alerts, details on the dangerous blizzard conditions coming up on "cnn this morning." supply fuel fors and sustain tissue health. ensure with twenty-five vitamins and minerals, and ensure complete with thirty grams of protein. (vo) with verizon, you can now get a private 5g network. so you can do more than connect your business, you can make it even smarter. now ports can know where every piece of cargos. and where it'going. (dock worker) right on tim (vo) robots can predictreakdowns and order their own replacement. (foreman) ni work. (vo) and retailers can get ahead of the fashionrend of the day with a new line torrow. with a verizon priva 5g network, you can get more agility and security. giving you more control of your business. we call this enterprise intelligence. from the network america relies on.

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Early Start With Christine Romans

(psst psst) flonase.e. all good. (vo) with verizon, you can now get a private 5g network. so you can do more than connect your business, you can make it even smarter. now ports can know where every piece of cargos. and where it'going. (dock worker) right on tim (vo) robots can predictreakdowns and order their own replacement. (foreman) ni work. (vo) and retailers can get ahead of the fashion trend of the day with a new line tomorrow. with a verizon private 5g network, you can get more agility and security. giving you more control of your business. we call this enterprise intelligence. from the network america relies on. old school hard work meets bold, new thinking, ♪ to help you see untapped possibilities and relentlessly work with you to make them real. ♪ ugh covid-19? and being overweight makes it more risky. i'm calling my doctor. if it's covid, paxlovid. authorized for emergency use, paxlovid is an oral treatment for people 12 and up...

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CNN Newsroom Live

will be having to offer really heavy discounts, but the more the global prices go up, the more revenue it will still be securing. >> it will take several months experts say to tell if this delicate operation has worked. trying to punish a top energy producer and refiner without causing a painful ripple effect through global markets. >> this is day one and there is a grace period until april 1st for cargos purchased and loaded before the february 5th deadline for the sanctions to kick in. but it is clear that while the crude oil market has become used to sanctions over the years, think iran, venezuela, this is something pretty new for the refined products market and we may see more disruption here than we've seen with crude oil, diesel, for example, used not only in cars not only affect prices at the pump but agricultural equipment,

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CNN Newsroom Live

that used to go to europe to india and china, the problem with diesel and other oil products is that china and india are big exporters themselves. >> so russia has to look elsewhere, places like africa, parts of middle east will be able to absorb some russian dieseling oil products but not the kind of volumes that europe traditionally taken. russia will have to and has already having to offer big discounts to try and find buyers and cover additional costs of cargos moving much longer distances. >> diesel prices including russian diesel fallen slightly since summer peaks, partly because of russian discount, experts say the price of nonrussian diesel will likely rise the next few months, a current stocks run out and chinese command rises making the market much more competitive. what about that second goal? >> reduce russian revenues, i think will hurt russia, it will be selling less, and i think it

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Early Start With Christine Romans

diesel fuel. that type of thing. we've got a ban on maritime transport and financial services from the eu and the g7. and we've got a mechanism of price which employs that ban of that financial services if those cargos are purchased under a certain price. the biggest coming from eu embargo. russia one of the bigg gest exporters in the world. eu used to buy 40% of that. take a look at the map. when it comes to crude oil, we know russia has been selling a lot of the barelies. and china and india are also the big oft gest exporters of refin fuel. it will have to offer biggest discounts. and the on the flip side, europe will have to find a new supplier, it might have to pay more to do so, because,

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Early Start With Christine Romans and Laura Jarrett

>> tech: don't wait. schedule today. >> siningers: ♪ safelite repai, safelite replace. ♪ (vo) with verizon, you can now get a private 5g network. so you can do more than connect your business, you can make it even smarter. now ports can know where every piece of cargos. d where it's going. ock worker) right on time. (vo) robots can predict breakdowns and order theiown replacement parts. (foreman) nice work. (vo) and retailers can get aheaof the fashion trend of the day with a new line tomorrow. with a verizon private 5g network, you can get more agility and security. giving you more control of your business. we call this enterprise intelligence. from the network america relies on. liz, you nerd, cough if you're in here! shh! i took mucinex dm for my phlegmy cough. what about rob's dry cough? works on that too, and lasts 12 hours. 12 hours?! who studies that long? mucinex dm relieves wet and dry coughs. in my book, saving while shopping is a no-brainer. so, i use rakuten to get cash back while i'm book clubbing. cha-ching! so, how does that work? well, stores pay rakuten to send them shoppers. rakuten shares that money with us,

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CNN Newsroom Live

bring in yusaffa naim, former member of the ukrainian parliament. first, because you're in kyiv, is there anything more you can tell us about the explosions going off in that city? >> hi, thank you for invitation. first of all, yes, we have two or three explosions in kyiv. but as i know, there are five missiles which wanted to come to kyiv, and it was aimed, the objects of our railways and facilities. because it's critical infrastructure for us now to deliver our cargos to the front line also, not only to front line, but also to the border. our drain and our car go. . so it's one aim of russians now these days. the consequences we don't know, the impact, we're waiting for information from our colleagues on the ground. >> okay, i appreciate it. we're also waiting to get more information from our reporters

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