IND U ST RY N EW S Maersk scoops trade nance award Maersk has been recognised and commended for its contribution to the trade sector at the 2019 International Trade Finance Awards. It was awarded Best Shipping Company by Trade Finance Global (TFG) for work on the Maersk Trade Finance product. Last year there were many technological innovations inside the trade and receivables space, which has helped enhance and facilitate global trade. For banks, corporates and SMEs involved in complex supply chains, building innovative technology and allowing interoperability between different parties will continue to be key in terms of trade. Throughout 2018, Maersk reached several successful milestones, such as completing the separation of its energy businesses, integrating Hamburg Sd, as well as being the first container shipping company to launch instant booking confirmation. These steps are further contributing to Maersks vision of becoming a global integrator of container logistics, offering seamless, flexible and scalable services to customers across their global supply chain. Deepesh Patel, Head of Marketing at Trade Finance Global said: We commend Maersks approach to innovative finance solutions to its customers, extending credit facilities to numerous providers and crossselling beyond its core offering. Vipul Sardana, Global Head of Maersk Trade Finance, said: It is an honour to be recognised at the International Trade Finance Awards for all the benefits that Maersk Trade Finance brings to global trade. [The award recognises] that we are on the right track and are continuously reinventing ourselves to build a purposedriven organisation. He added: Access to capital remains one of the largest obstacles to the growth of trade and there is still a lot that needs to be done. With Maersk Trade Finance, we are helping SMEs with finance when they need it the most [granting] them better access to global trade. This story first appeared on www. tradefinanceglobal.com TWO MOBILITY FIRMS MERGE Mobility companies Lexicon Relocation and Sterling Mobility have announced the launch of their new brand, Sterling Lexicon. In mid-2018, Lexicon Relocation acquired Sterling Mobility, expanding their combined global footprint and service offerings in the mobility marketplace. After six months of integration, the companies have rolled out as one unied, global brand. Combined, Sterling Lexicon manages more than 25,000 global relocations annually, drawing on the resources of 14 regional ofces and 1,000 supply chain partners, serving 180 countries across the globe. The newly branded company is part of The Suddath Companies. Due to the brand change, former Sterling ofces afliated to FIDI have been renamed to Sterling Lexicon in the UK, France, Germany and Switzerland. Reason Global Insurance Ltd is authorised and regulated by the Financial Conduct Authority. 12 FF290 pp12-13 Industry News.indd 12 WWW. F I D I . OR G 13/03/2019 11:29