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8 August 2026

FESCO suspends Black Sea bookings after vessel sinking

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Source reporting: Container News

FESCO suspends Black Sea bookings after vessel sinking

FESCO has suspended bookings for the Black Sea following the sinking of its container ship FESCO Yanina, according to DynaLiners. A Ukrainian drone attack sank the 920 TEU vessel approximately 130 nautical miles from Novorossiysk. FESCO Yanina was built in 2005. FESCO Black Sea services FESCO provides connections to Novorossiysk through two services: FIL-W service from India FTBS service from Turkey Ukrainian drones sink Russian-flag container ship Yanina in Black Sea The post FESCO suspends Black Sea bookings after vessel sinking appeared first on Container News .

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8 August 2026

Why is transit in goods free but trade is not?

In my previous two posts on the value of the WTO, I argued that when governments set trade policies independently, they focus on domestic effects but often overlook the costs imposed on trading partners. International trade agreements help governments take account of these cross-border spillovers (terms-of-trade externalities) by encouraging reciprocal negotiations over trade policy. While these negotiations will reduce trade protection, they will not necessarily lead to free trade. But if governments do not generally commit themselves to free trade, why has freedom of transit for goods been seen differently?

Source: World Trade OrganizationOriginal source

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