the cost of a shipping container has slumped since last year. is it a warning sign of a global recession on the horizon? well, we start here in the uk, if you can see me, i am at a slight distance. i m going to sit back down. the cameras aren t playing with us nicely this morning, so let s sit back down and we will start the programme again. let s pretend that didn t happen, shall we? 0k. welcome to the programme. we start in the uk whether has lodged a controversial new push for oil and gas exploration in the north sea. nearly 900 blocks are offered exploration with as many as 100 licences to be awarded. the government says it will burst energy security and support skilled jobs. but the decision is at odds with international climate scientists who say fossil fuel projects should be closed down, not expanded. it comes as households are warned they could face a rolling electricity blackouts this winter if problems with gas suppliers deteriorate further. national grid, overseei
shipping costs that went sky high was not the dominant factor hi global inflation so i doubt we will see much change, lower prices on consumer goods which are falling that we can always wish for it, of course. just briefly, the problem with congestion at ports, is that gone away? congestion at ports, is that gone away? congestion at ports, is that one awa ? ., ~ , . gone away? the dockworkers at felixstowe gone away? the dockworkers at felixstowe are gone away? the dockworkers at felixstowe are back gone away? the dockworkers at felixstowe are back at - gone away? the dockworkers at felixstowe are back at work - felixstowe are back at work now, with those in liveable still on strike. we see congestion and long lines of ships waiting in the north atlantic, mostly in europe but also the us east coast, it s coming down but still from pre pandemic levels by two. it s also a sign the global economy is coming down, and global shipping networks are also to be without much delay. peter
a question of whether or not north korea is finding ways to skirt those sanctions to specifically get the oil they need for their economy, also for their military. one way to do that is work through the illegal shipping networks and the president very boldly accusing china on twitter of allowing this to happen in of the the waters off north korea. china s allowing it to happen and happening in these ship to ship transfers. these are prohibited by the u.n. security counsel s resolution. china is denying this. they responded to the claims earlier this week when south korean media outlets published reports there were satellite images showning transfers. chinese officials have said china is doing its part to fully uphold and implement all sanctions against north korea and they say if they find any evidence of ships or companies participating in forbidden