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Global Trade & Economics: Page 154

Shortage of Oil Tankers at Hand as Red Sea Attacks Divert Trade
Oil deliveries have generally become more long-distance since a reshuffling of global oil flows following Russia’s invasion of Ukraine.
Photo: iStock.com/Dikuch
Food Supply Chains are Suffering From Climate Change
The James Beard Foundation has launched a campaign to bring chefs and farmers to D.C. to engage with Congress and share more about the mounting climate challenges they face.
Photo: iStock.com/mesut zengin
Majority of U.K. Retailers Suffering From Red Sea Disruption
The supply chain problems are expected to be exacerbated next month as China begins shipping again in earnest after its annual pause for the two weeks of lunar new year celebrations.
Suez Canal. Photo: iStock.com/Peter Schaefer
Supply Chain Resilience More Important Than Cost Savings: Bain & Co. Survey
Companies that get supply chain trade-offs right will outperform strategically and set new standards of operational excellence.
Photo: iStock.com/frankpeters
Shipping Giant CMA CGM Posts a Loss as Red Sea Conflict Rages
Surging profits over the previous two years filled the coffers of the Saades and rival European shipping tycoons.
Rodolphe Saade. Photo: Bloomberg
EU Countries Warn German Gas Levy May Boost Reliance on Russia
Austria, Czech Republic, Hungary and Slovakia said the levy — which is paid for by traders or utilities further down supply chains — undermines energy security in the wider region.
Berlin, Germany. Photo: Bloomberg
USCENTCOM Says U.K.-Owned Ship Damaged in Houthi Missile Attack off Yemen
A Houthi spokesman confirmed they had targeted the Islander and said they had also launched drones at a U.S. warship.
Photo: iStock.com/Berezko
S&P: Carmakers Shrug off Red Sea Disruptions
The current earnings reporting season indicates the impact on supply chains may not be as significant as initially feared
Photo: iStock / IgorSPb
Port of LA Kicks Off 2024 with Near-Record January Volume
January also marked the sixth straight month of year-over-year gains for the Port of Los Angeles, surpassing January 2023’s totals by 18%.
Port of Los Angeles. Photo: iStock.com/jgroup
Oil Demand Growth Slowing as Non-OPEC Supply Increases
The IEA said that it anticipates oil demand will peak by 2030 as the world attempts to transition to cleaner energy sources. OPEC says it will peak after 2044.
Photo: iStock.com/tifonimages
Maersk: Red Sea Diversions Could Extend into Second Half of 2024
Maersk said that it has added about 6% more vessel capacity to its schedule to keep the flow of trade moving, further adding to the company’s operational costs.
Photo: iStock / IgorSPb
China-U.S. Average Container Leasing Rates Up Threefold Since November
An industry expert from a Californian freight forwarding company said they anticipate organizations will have to deal with equipment shortages due to vessels being rerouted away from the Red Sea.
Ismailia, Egypt. Photo: iStock.com/vale_t
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