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Global Trade & Economics: Page 162

Maersk Prepares to Resume Shipping through Red Sea

Other shipping giants including Mediterranean Shipping Company (MSC), CMA CGM and Hapag-Lloyd have also been avoiding the Red Sea route because of the increased threat of attacks.

Photo: iStock.com/Marius Steinke

Japanese Carmakers Investing $4.3B in Thailand Over Next Five Years

Toyota and Honda will each invest about $1.44 billion in the country, while Isuzu Motors and Mitsubishi will combine to invest the remaining $1.44 billion.

Photo: iStock.com/Chaiyaporn1144

Tesla Acquires Land in Shanghai to Build Megapack Battery Plant

The company paid $31.13 million for use rights to a 48.7-acre plot near an existing Tesla plant that currently produces Model 3 and Model Y vehicles.

A Tesla Inc. showroom in Shanghai, China, on Sunday, Oct. 16, 2022. Photo: Qilai Shen/Bloomberg

Capital Product Partners Finalizes $3B Acquisition of 11 LNG Vessels

Capital Product Partners entered into an umbrella agreement with Capital Maritime & Trading Corp. and Capital GP on November 13, 2023 to acquire 11 LNG vessels from Capital Maritime.

Photo: iStock.com/Автор

U.S. Considers More Tariffs on Chinese Electric Vehicles, Other Goods

Officials from the White House and various Cabinet agencies have been discussing whether to hike duties on certain Chinese exports, said people familiar with the matter who spoke anonymously.

Photo: iStock.com/c8501089

Over 1.3M Jobs Supported Through Supplier Diversification in 2023

Companies generated $104 billion of income and $31.4 billion in tax revenues through diverse and small supplier spending over the past 12 months.

Photo: iStock.com/Stella_E

ArcelorMittal Signs $2.7B Natural Gas Supply Deal with Mexico’s CFE

ArcelorMittal said that the contract would provide its operations in Lazaro Cardenas in the state of Michoacan with gas from Waha, Texas.

Saint-Denis, France. Photo: iStock.com/HJBC

Orsted to Go Ahead with Building Giant U.K. Offshore Wind Farm

The final investment decision on the 2.9-gigawatt project shows that the offshore wind industry is picking back up after a crisis year.

Photo: iStock.com/vice_and_virtue

Ocean Freight Rates Likely to Spike Because of Red Sea Crisis

Almost a fifth of global container trade has already diverted away from the Red Sea and Suez Canal.

The long and more expensive way is around the Cape of Good Hope. Photo: iStock.com/Felipe Meneses

Almost Half of New Passenger Cars in the EU are Electric

New car registrations in the EU increased by 6.7% during November, marking the 16th straight month of growth and a 13.3% year-on-year boost in terms of EVs registered.

Photo: iStock.com/SouthWorks

EasyJet Shareholders Approve $20B Plane Order

The British low-cost airline held a general meeting with shareholders December 19 in Luton, London to get approval for its largest aircraft order yet.

Luton, U.K. Photo: Bloomberg

Companies Will Embrace Near- and Friendshoring Over the Next Five Years

Sixty-three percent of survey participants said they are planning to restructure their supply chain over the next five years.

Photo: iStock.com/DINphotogallery

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