Transportation and shipping
Tanker firms quickly halt website traffic towards Purple Sea immediately after U.S. airstrikes on Houthis militants
An Egyptian person sits and eats ice product as he watches international cargo and tanker ships go through the Suez canal Scott Nelson | Getty Illustrations or photos A number of of the world’s significant tanker companies on Friday halted visitors towards the Red Sea immediately after U.S. and British airstrikes on Iran-allied Houthi militants […]
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Panama Canal drought forces Maersk to get started making use of 'land bridge' for Oceania cargo
Watch of stranded boats at Alhajuela Lake in the course of the summer time drought, in Colon province, 50 km north of Panama Metropolis, Panama, on April 21, 2023. The Alhajuela lake is just one of the major lakes that supplies h2o to the locks of the Panama Canal and is at its least expensive […]
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Crimson Sea crisis could jeopardize inflation battle as shipping and delivery prices spike globally
A ship transits the Suez Canal to the Crimson Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty Pictures U.S. shipping fees are spiking as assaults in the Purple Sea disrupt global trade, boosting fears that inflation might decide up once again if the disruption persists. The diversion of container ships from […]
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Treasury Department’s hunt for Russian oil sanction violators on the seas is intensifying
A Russian-chartered oil tanker in the sea off Morocco in an spot identified by maritime technology firm Windward as a hub for smuggling oil. Europa Push | Getty Images The U.S. Department of the Treasury’s Business office of International Property Command announced a few vessels and shipping organizations remaining sanctioned for violating the Russian oil […]
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Singapore exports fall for 12th month in September but restoration seen
Containers are loaded on the premises of the port operator PSA, the Port of Singapore Authority (PSA), at the Port of Singapore on 14 June 2022. Bernd von Jutrczenka | Image Alliance | Getty Illustrations or photos Singapore’s exports fell for a 12th straight month in September on a 12 months-on-calendar year basis as the trade-reliant economic system grappled yet again with […]
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U.S. tackles loopholes in curbs on AI chip exports to China
Processors on screen at the Bitmain Systems Ltd. Sophon booth at the Environment Artificial Intelligence Conference (WAIC) in Shanghai, China, on Thursday, July 6, 2023. Qilai Shen | Bloomberg | Getty Photographs The U.S. will just take ways to prevent American chipmakers from marketing goods to China that circumvent governing administration constraints, a U.S. official said, as portion of the […]
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Container ships are waiting around at Asian ports as stores battle to change excess inventory
Ships in the Singapore Strait. Andrew Merry | Second | Getty Images It’s been a gradual summer for shipping and delivery routes from Asia to Europe and beyond — and hopes of a classic peak season when vacation orders are imported are fading. As corporations producing goods from clothing to electronics keep excess stock, you […]
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Key shipping and delivery routes are having difficulties with water shortages. El Niño could make it even worse
A ship navigates the Panama Canal in the spot of the Americas’ Bridge in Panama Metropolis on June 12, 2023. Luis Acosta | Afp | Getty Photographs An escalating amount of local weather-driven intense climate activities is taking its toll on the world’s key delivery routes — and El Niño could make matters even worse. […]
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‘This is likely to get even worse prior to it receives better’: Panama Canal pileup thanks to drought reaches 154 vessels
A ship navigates by way of the Panama Canal in the area around the Americas’ Bridge in Panama Metropolis on April 24, 2023. The shortage of rainfall because of has pressured the Panama Canal to lower the draft of ships passing through the interoceanic waterway, in the midst of a h2o source disaster that threatens […]
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Canadian West Coast port workers vote sure to ratify a tentative offer. Railroad congestion proceeds
Transport containers are loaded onto rail vehicles at the World Container Terminals Vanterm container terminal on Vancouver Harbour in Vancouver, British Columbia, Canada. Bloomberg | Bloomberg | Getty Pictures Associates of the Worldwide Longshore and Warehouse Union (ILWU) of Canada voted to ratify the next tentative settlement with West Coast port ownership, meaning an close […]
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