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Global Trade & Economics: Page 135

U.S. Battery Manufacturers Form Coalition to Boost Domestic Supply Chain

The group's goal is to lobby Congress and the White House to boost tax credits for U.S. suppliers manufacturing battery materials and components.

Photo: iStock / PhonlamaiPhoto

Shipping Industry 'Struggling to Keep Up' With Pressure to Cut Emissions

Starting in 2025, the EU will start requiring shipping companies to surrender their carbon credits covering 40% of their reported emissions.

Photo: SHansche, iStock

Weeklong Delays at Bangladeshi Port Caused by Political Unrest

Clothing factories have been shuttered for two days, with the customs process all but suspended, and exports forced almost to a halt.

Chattogram (Chittagong), Bangladesh. Photo: iStock/MD MARUF HASSAN

South Africa Can Fix Backlogged Ports in a Year, Minister Says

The collapse of rail, ports and other infrastructure — exacerbated by years of poor governance — have hamstrung Africa’s most industrialized economy.

A container ship docked at the Port of Cape Town, operated by Transnet National Ports Authority, in Cape Town, South Africa, on Monday, May 13, 2024. Photo: Dwayne Senior/Bloomberg

Long-Feared Canada Rail Strike Could Arrive by End of August

The Railway Association of Canada says that more than half of the country's exports are moved by rail each year, worth an estimated $200 billion.

Photo: FarzadFrames, iStock

Houthi Rebels' Attack on Container Ship Is First in Two Weeks

Houthis launched a missile at the Liberian-flagged Groton on August 4, shortly before the Yemeni rebel group said that it had also shot down a U.S. spy drone.

Photo: iStock / JeanUrsula

U.K. Food Industry Says Imports Being Sent Back to EU Because of Lack of Testing Capacity

The U.K. is now facing a shortage in laboratory capabilities and is more reliant on international partners for help with sample testing.

Photo: iStock.com/YelenaYemchuk

U.S. Leads Inaugural Indo-Pac Supply Chain Resilience Meetings

The agreement, which came into force in February 2024, aims to facilitate closer cooperation among the 14 IPEF partners.

Photo: iStock/sandsun

Maersk Sees Global Trade Disruptions Lasting Throughout 2024

The extra vessel capacity needed to sail around Africa has pumped up freight rates at a time when the market was entering a post-pandemic slump.

Photo: iStock / Marina113

Porsche Faces 'Severe Supply Shortage' after Flood at Aluminum Supplier Factory

Porsche expects the disruptions to affect every vehicle it manufactures, and says that it could be forced to temporarily shut down production for one or more of its vehicle series.

Photo: iStock / Chase D'animullis

China’s BYD Seeks Entry to Canada EV Market Despite Likely Tariffs

Canada is set to wrap a 30-day consultation on measures to restrict Chinese EV imports on August 1 — including higher tariffs to align with the U.S. and EU.

A BYD Co. Seagull electric vehicle at the Shanghai Auto Show. Photo: Qilai Shen/Bloomberg

Drug Seizures Rise at Mexico Ports Amid Fight With Cartels Over Shipping Hubs

Drug cartels typically rely on Chinese suppliers to smuggle precursor chemicals in shipments to ports they control up and down Mexico's coast.

Mexico's Port of Manzanillo. Photo: iStock / Eric Broder Van Dyke

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Recycled Tagging Fasteners: Small Changes Make a Big Impact

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