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The port congestion, delayed shipments and sky-high freight rates that have plagued importers and exporters show no sign of coming to an end, industry experts believe, as fresh data shows schedule reliability are hitting record lows. Maritime consultancy Sea-Intelligence revealed last week that schedule reliability fell to 32% in December last year, its lowest ever ...
Liberty Specialty Markets (LSM) has made two senior promotions in its financial risk solutions (FRS) division and expanded its political risk team with a new hire. Huw Owen (pictured), formerly FRS head of underwriting and London markets, takes on the newly created role of FRS chief underwriting officer. Sam Wilde, formerly underwriting manager for FRS, ...
Asia’s rise as the epicentre of global trade could be stunted if governments in the region do not put policies in place to encourage digital trade, according to a new report. The region was responsible for 41% of total global exports last year, according to the United Nations. Manufacturing powerhouses such as China and Vietnam ...
Citi has made an addition to its continental Europe trade sales team, hiring Nicolas Saoudi as trade sales head for the Nordic region. Based in Stockholm, Saoudi is tasked with helping grow the lender’s business across a portfolio of Nordic-parented and Nordic-based global subsidiary clients. He replaces Thomas Light, who left the position and took ...
San Francisco-based fintech Taulia has launched an accounts receivable financing product aimed at large corporates, as it continues to expand to cover all areas of the cash conversion cycle. Taulia, which last week announced it had sold a majority stake to enterprise software company SAP, offers payables, receivables and inventory finance solutions through its digital ...