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Global Trade & Economics: Page 143

Maersk Raises Profit Forecast as Red Sea Disruption Boosts Rates

This is the second time in about a month Maersk raised its forecast as the world’s supply lines are suffering from a number of disruptions.

Photo: iStock.com/U. J. Alexander

Rainy Relief for Panama Canal As Vessel Draft Deepens Ahead of Schedule

As of May 26 — and for the first time in all of 2024 — water levels for Gatun and Alhajuela Lakes are above the mark recorded on the same date in 2023.

Panama Canal, Panama. Photo: iStock / Marina113

Kuwait Reengages With China to Revive Gulf Port Project

A Chinese delegation traveled to the oil-rich Gulf state during the week of May 27, meeting Kuwaiti officials for “in-depth technical and field discussions.”

Kuwait Tower City. Photo: iStock.com/Lukas Bischoff

Are We Seeing an End to the Age of Offshore Production?

A new report from Capgemini suggests that, for U.S. manufacturers, the dominance of offshore production is coming to an end.

Photo: iStock.com/DedMityay

Nearly a Fifth of Tested Cotton Products Linked to Forced Labor in China

The U.S. banned all imports from Xinjiang — which supplies 20% of the world's cotton — in 2022, over allegations of forced labor.

Photo: Sabrina Gordon

IMO Denounces Red Sea Shipping Attacks as 'Illegal and Unjustifiable'

The IMO's resolution marks the first instance of the group addressing the issue since Houthi attacks in the Red Sea began in late 2023.

Photo: iStock.com/brunette

The $10K Shipping Container Looms in Latest Trade Strains

With capacity stretched by more than five months of attacks on vessels in the Red Sea, the container shipping industry is scrambling to meet demand.

Shipping containers and cranes at the Port of Savannah in Savannah, Georgia, US, on Saturday, Sept. 9, 2023. The US economy has been looking so solid lately that Federal Reserve officials will probably need to double their projection for growth in 2023 when they publish an updated outlook later this month. Photo: Bloomberg

Senate Mulls Tracking System for U.S. Supply Chains

The bill would establish a program to map and model U.S. supply chains, and look for potential gaps in manufacturing and distribution.

Image: iStock.com/metamorworks

Samsung Electronics Union Calls for First Strike in its History

The union — which represents a fifth of Samsung Electronics' workforce — has reportedly been in talks with management for months.

Photo: mtcurado, iStock

Trade Strains Boost Cargo Rates at Pace Recalling Covid ‘Chaos’

Some of the catalysts for the monthlong advance in seaborne freight rates stem more from worry than optimism.

A container ship at the Port of Felixstowe, U.K. Photographer: Chris Ratcliffe/Bloomberg

Record Hurricane Season in Atlantic Could Spell Trouble for Supply Chains

NOAA is projecting between 17 and 25 named storms with winds of nearly 40 miles an hour in the Atlantic between June and November.

Photo: MikeMareen, iStock

Canada Border Agents Threaten to Strike in June

The U.S. Department of Agriculture warned the border agent strike could have “significant impacts” for agriculture trade, producers and consumers.

The Rainbow Bridge that joins the U.S. and Canada near Niagara Falls. Photo: iStock.com/bloodua

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