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Global Gateways: Page 52

Red Sea Crisis Disrupts Ikea, Abercrombie & Fitch Shipments

Ikea said it’s looking for other options to secure the availability of its products, many of which normally pass through the Red Sea and the Suez Canal.

Photo: iStock.com/Berezko

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

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

China Produces Over Half the World’s Deadweight Tonnage

China’s shipbuilding output increased by 12% year-on-year to 38 million dwt during the period running from January 2023 to November, making up50.1% of the planet’s total output.

An LNG carrier vessel. Photo: iStock / nikkytok

Railroads Urge Border Officials to Reopen U.S.-Mexico Crossings

“While the company understands this is a complex humanitarian crisis, most migrants are not crossing the border on trains,” Union Pacific said in a statement.

Bridges Crossing the Rio Grande in Eagle Pass, Texas. Photo: iStock.com/halbergman

U.S. Announces New Task Force to Counter Houthi Red Sea Threat

The attacks in the Red Sea, which handles about 12% of world trade as a key waterway for goods and energy, have emerged as a fresh threat to global supply chains.

Image: iStock.com/PeterHermesFurian

BP Suspends Oil and Gas Shipment through Red Sea

BP is the first oil company to directly halt its own shipping, after five major ocean carriers halted service through The Bab al-Mandab strait.

Gas prices are likely to rise because of disruption to shipping in the Arabian Gulf. Photo: iStock.com/jetcityimage

More Major Ocean Carriers Cease Red Sea Routes After Attacks

About 17,000 ships and 10% of global trade pass every year through The Bab al-Mandab strait, also known as the Gate of Tears, which is only 20 miles (32km) wide.

Stade, Germany. Photo: iStock.com/eyewave

Green Shipping Partnership Signed by Ports of Singapore, LA and Long Beach

The new strategy outlines the steps that the three ports will take to speed up the decarbonization of the shipping industry.

The Port of Los Angeles, Los Angeles, California. Photo: iStock.com/viavado

'Clean Truck Express' Lane To Open at Pier 400 Los Angeles

APM says new priority lane incentivizes environmental stewardship while enhancing customers’ operational efficiency.

A Performance Team driver greets a Pier 400 employee during a test of Pier 400’s “Clean Truck Express” lane. Photo: APM Terminals

Panama Canal Water Levels Will Affect Western Trade in 2024

In response to the ongoing crisis, carriers have begun redirecting their shipments to the U.S. West Coast or have opted for alternative routes via the Suez Canal.

Panama Canal, Panama. Photo: iStock / Marina113

Attackers Who Held Israel-Linked Tanker Seized by U.S. Navy

The Houthis have promised to target Israel over its war against Hamas in the Gaza Strip, declaring themselves part of an "axis of resistance" of Iran-affiliated groups.

A U.S. warship. Photo: iStock.com/3DSculptor

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