by Teuvo Tuomi | Jul 11, 2024 | Energy, Climate, Environment, Finland, Innovation, News, Shipping, Singapore, Sustainability, Technology, Transportation
Finnish technology group Wärtsilä has supplied its new dual-fuel engine simulators for Wavelink Maritime Institute (WMI), the maritime training arm of the Singapore Maritime Officer’s Union (SMOU). The navigational and technological simulators are a central feature of...
by Teuvo Tuomi | Jun 23, 2024 | Taxation, Imports, Manufacturing, News, Shipping, Thailand, Trade
Thailand’s Finance Ministry will begin collecting value-added tax (VAT) on all imported goods, including those priced below 1,500 baht. The ruling is effective from 5 July until the end of the year, according to the Royal Gazette. The reason for collecting VAT...
by Teuvo Tuomi | May 27, 2024 | ASEAN, Economy, News, Shipping, Southeast Asia, Trade
Almost a third of the vessels that were lost at sea last year were in the vicinity of the Philippines and other parts of Asia where high volumes of shipments pass through, according to global underwriter Allianz Global Corporate & Specialty (AGCS). The Safety and...
