Will add to that sanctions countries a still managing to get crude to customers by offloading at sea and switching off tracking devices who better to pick all this up with than rajat kapoor managing director of oil and gas at a. W. I. Lloyd thanks for being with us roger so what needs to happen to bring tanker prices down should we be concerned here whos shouldering the cost. Obviously a big effect on the tanker prices and the way it is and where they are today has got to do with the current sanctions that the u. S. Administration has put on iranian crude in order to prevent offloading often include in the high seas in order to stop at least do it to the bare minimum export of group to china the u. S. As you know last month in order to sanctions on the tanker subsidiaries of costco which is a China Shipping line and in the largest shipping line in the world so once you have the sanctions coming in from the u. S. On these entities on these particular bang. Because they suddenly become p
Ive been physical and lets do business someone press the pause button Global Shares are on hold a volatile pound is hovering after rising more than 5 percent in the past 5 sessions there are hopes the United Kingdom and the European Union can strike a deal at an e. U. Leaders summit over the next couple days but theres still talk of an extension an election and a disorderly gags it that last one could come at a cost especially for the brits a study by the bettles month think tank shows a no deal brags it would cut National Income by up to 57000000000. 00 euros a year be partly jujube rising costs through new tolls and tariffs on goods and services germanys export powered economy would make it the 2nd biggest loser in absolute figures with a loss of around 10000000000. 00 euros a year france and italy would also suffer a blow seeing significant annual revenue losses and how much can. Ordinary citizens expect to lose from their pocketbooks well for brits some 900. 00 euros less a year on
Sessions there are hopes the United Kingdom and the European Union can strike a deal at an e. U. Leaders summit over the next couple days but theres still talk of an extension an election and a disorderly gags it that last one could come at a cost especially for the brits a study by the bettles men think tank shows the no deal brags it would cut National Income by up to 57000000000 euros a year but be partly due to rising costs through new tolls and tariffs on goods and services germanys export powered economy would make it the 2nd biggest loser in absolute figures with a loss of around 10000000000. 00 euros a year france and italy would also suffer a blow are seeing significant annual revenue losses and how much can ordinary citizens expect to lose from their pocketbooks well for brits some 900. 00 euros less a year on average the losses for the germans and french. Are also significant. Another sector on age is the fisheries industry the u. K. s most important food export is scottish
Nobody wants to touch these tankers and this these wounds are then taken out the International Trade and thats thats thats a substantial piece of hardware that goes out and obviously supply to. The places shoot up weve also got to laze that its not just the china connection there are there are other aspects to the increase in tanker trade as well as you know the venezuelan sanctions are also in place similar to indian crew doing venezuelan goold are all sort of under the lens but that puts away another piece of get out of circulation and as you know that i am more 2020 said to kick in in the next 3 months which basically means that the ships need to adhere to or rather stricter level of pollution control so a good number of ships have actually in the docks and theyre going in blood grid scrubbers and things like that so all these things things put together is what is currently impacting the rise in. Danko flits is that cost of that increase in cost being passed on to the likes of you a
46000000 flights took off around the world in 2018 and their number continues to climb despite all the concerns about the impact of aviation on climate change. Forecasts say europe alone will see air traffic increase by 42 percent in the coming decades. With less fuel and less noise the aircraft of the future needs to be more environmentally friendly. In the tip of the wing the final component of an unusual model airplane with their new design is the hands touch me thief and alexander flew vice from Munich Technical University want to make flying quieter and more environmentally friendly. Is a high. Hybrid uses both batteries and jet fuel the aircraft is powered by propellers on the wings and an engine in the rear the plane uses only electrical power when taking off and landing but during the ascent and when it reaches cruising altitude it burns fuel generators at the wingtips recharge the batteries small the plane is flying. On no sunlight with conventional claims the propulsion syste