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With Brexit finally done, the UK and Singapore recently signed a free trade agreement to establish post-Brexit arrangements. Lawyers say the UKSFTA is an important development that will lay the groundwork for more to come.
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Buffeted by the triple storms of protectionism, costly regulations and coronavirus, the shipping industry in Asia has been experiencing choppy waters of late. However, lawyers continue to see a steady flow of work, and they are hopeful that things will continue to improve soon.
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The shipping industry may be expecting to see some recovery in 2018, but it faces a number of other challenges, ranging from increasing regulations to the rapid emergence of technology – and resulting cybersecurity concerns.