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Global Trade & Economics: Page 160

Container Fleet Headed for Over-Capacity When Red Sea Situation Resolves

BIMCO says record deliveries could push container fleet above 30 million TEU in 2024, with another 3 million TEU scheduled to be delivered 2025-2026.

Suez Canal. Photo: iStock.com/Peter Schaefer

German Railways Dealing with Cancellations Due to Train Drivers Strike

The strike that was organized by the GDL train drivers’ union from Janaury 10 to January 12 has forced German railway operator Deutsche Bahn to run only stripped-back emergency timetables.

Photo: iStock.com/den-belitsky

Toyota Motor Restarts Japanese Operations After Earthquake

Company president Koji Sato said Toyota is attempting to determine how its supply chain would be affected after suppliers Sumitomo Electric and Aisin suffered damage during the quake.

Prague, Cazech Republic. Photo: iStock.com/josefkubes

Germany Sticks to Subsidy Cuts as Farmer Protests Block Roads

Scholz defended the farmers’ right to protest, but warned about efforts by far-right groups to hijack demonstrations and destabilize the country.

Farmers park tractors at the Brandenburg Gate to protest planned cuts to state subsidies in Berlin, on Jan. 8. Photo: Bloomberg

India Facing Surprising Shortage of Factory Workers

Instead of seeing workers move onto factory floors, India appears instead to be de-industrializing.

Photo: iStock.com/GCShutter

Maersk, Hapag-Lloyd Deny Reported Safe Passage Deal With Houthis

ShippingWatch said the pact would involve shipping companies agreeing to not go to Israel in return for being allowed through safely.

The Red Sea with the Jordanian mountains, viewed from Eilat, Israel. Photo: iStock.com/Barbara Gabay

Thai Rice Exports Seen Dropping as Scramble for Supply Eases

The Southeast Asian nation will likely see weaker demand from Indonesia, its top buyer last year, Thai Rice Exporters Association Honorary President Chookiat Ophaswongse said January 4

Photo: Luke Duggleby/Bloomberg

FDA Allowing Florida to Import Cheaper Drugs from Canada

Those who support the importation policy have said that buying drugs from other countries could help lower medication costs in the U.S.

Photo: iStock / SweetBunFactory

ONE Launching Service Between Georgia and West India

The new offering, consisting of nine vessels, will provide the Georgia Ports Authority with access to ten services via the Suez Canal, including nine routes to the Indian subcontinent.

Savannah, Georgia. Photo: iStock.com/Wirestock

Chinese Miner Takes Glencore’s Cobalt Crown as Output Jumps 170%

CMOC’s copper output also jumped by 51% to 419,539 tons, establishing it as one of the world’s top producers at a time when many miners are struggling to boost output.

Photo: Bloomberg

Commercial Suez Canal Traffic Down Almost 60% Since Houthi Attacks Began

Since the Houthi attacks began, an estimated 181 vessels have been rerouted around Africa, while another 26 ships are opting to drift

Suez Canal. Photo: iStock.com/Peter Schaefer

U.S.-Led Military Coalition Issues Final Warning to Houthis

Some potential targets of the coalition's attacks could include launchers for anti-ship missiles and drones, as well as storage facilities for ammunition.

Ismailia, Egypt. Photo: iStock.com/vale_t

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