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Supply Chains in Crisis: Page 63

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

Delay in Port of Baltimore Reopening Main Shipping Channel

The U.S. Army Corps of Engineers says the project will now likely wrap up sometime between June 8 and 10.

Salvors continue to remove debris from the wreckage site of the Francis Scott Key Bridge collapse as seen from the edge of the remaining bridge that still stands April 17. Debris and wreckage removal is on-going in support of a top priority to safely and efficiently open the Fort McHenry channel. Photo: U.S. Army Corps of Engineers, Baltimore District

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

'Organized Crime at its Finest': Huge Rise in Cargo Thefts Continues

Overhaul tracked a 9% year-over-year increase in cargo thefts in the U.S. in 2023, and expects that number to skyrocket to 35% by the end of 2024.

Photo: krisanapong detraphiphat, 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

China Hints at 25% Car Tariff as Deadline for EU Probe Looms

The EU must inform Chinese exporters whether it intends to impose tariffs by early June, and they could go into effect a month later.

Employees fit a bumper to a Volkswagen AG VW ID.3 car on the assembly line at the Volkswagen Sachsen GmbH plant in Zwickau, Germany, on Wednesday, May 24, 2023. Auto sales in Europe rose in April for a ninth month as supply chains improved and carmakers worked through backlogs of orders. Photographer: Krisztian Bocsi/Bloomberg

Dali Re-Floated, Pulled Out of Baltimore Bridge Wreckage

The U.S. Army Corps of Engineers still expects to fully reopen Baltimore's primary shipping channel by the end of May.

The Dali container ship being pulled away from the wreckage of Baltimore's Francis Scott Key Bridge. Photo: U.S. Army Corps of Engineers

Port of Baltimore Closure May Cost $37M in Extra Demurrage

The Port of Baltimore has seen roro and container vessel traffic resume with the opening of a deep-water channel on May 14, allowing access to four alternative channels.

A controlled explosion of Baltimore's Francis Scott Key Bridge. Photo: Port of Baltimore (posted to X)

‘VIP-Lane’ Pandemic-Mask Supplier Embroiled in London Trial

The U.K. government, desperate for medical equipment at the start of the pandemic, handed contracts to firms with little experience in manufacturing or procuring them.

Photo: iStock.com/Plyushkin

Red Sea Disruption Is Splitting Global LNG Trade in Regions

The Red Sea and Suez Canal previously accounted for about a tenth of global seaborne trade, and provided Qatar with the shortest route to Europe.

Photo: Bloomberg

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