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Global Gateways: Page 69

A Year After Suez Canal Fiasco, Bad Luck Strikes Again for Evergreen

A year after a giant container ship got stuck in the Suez Canal for almost a week and disrupted global trade for months, another Evergreen Marine Corp. vessel has run aground.

The Ever Given container ship departs the Suez Canal in Egypt on July 7. Photo: Bloomberg.

Europe’s Biggest Port Is 'Extremely Worried' About War Impact

The Port of Rotterdam is a particularly sensitive economic pillar of the Netherlands.

Shipping containers sit on the deck of cargo ship One Crane, docked at the Port of Rotterdam, in Rotterdam, Netherlands. Photo: Bloomberg.

War Shocks Ripple Across One of the World’s Busiest Trade Lanes

Putin’s assault on Ukraine, and retaliatory steps designed to paralyze the Russian economy, are heaping new disruptions on supply chains that never recovered from unprecedented shocks caused by the pandemic.

Empty dry docks at the Port of Odessa in Odessa, Ukraine. Photo: Andrey Sarymsakov/ Canva.

Narrow Window to Clear Clogged U.S. Port Hinges on Demand Waning

The bottlenecked ports in Los Angeles face a narrow window between now and midyear to clear container backlogs before another import surge and union-contract talks threaten to stall progress moving record volumes of cargo through the busiest U.S. gateway for trade.

Shipping containers in the Port of Los Angeles in Los Angeles, California. Photo: Bloomberg.

White House Will Invest $450 Million to Ease Port Congestion

The U.S. Transportation Department is awarding some $450 million in grants for port-related projects to bolster capacity and improve the movement of goods, senior Biden administration officials say.

Container ships berthed at the Port of Los Angeles in Los Angeles, California. Photo: Bloomberg.

Banks Freeze Millions in Truck Convoy Funds Under Trudeau Edict

The measures approved Monday are meant to cut off funding to protest leaders and to pressure trucking companies to prevent their semis from being used again in blockades.

Canadian Prime Minister Justin Trudeau speaks to members of the media in the House of Commons in Ottawa, Ontario. Photo: Bloomberg.

Trudeau Maintains State of Emergency After Blockade Dispersed

Canadian Prime Minister Justin Trudeau said his government will retain emergency powers for at least a few more days because of ongoing threats, even after police cleared all blockades across the country.

Demonstrators gather as rows of trucks sit parked during a protest against vaccine mandates in Ottawa, Ontario. Photo: Bloomberg.

Protesters to End Border Blockades as Trudeau’s Threats Hit Home

Vaccine-mandate protesters at two border crossings in Western Canada plan to leave after Prime Minister Justin Trudeau’s government invoked emergency powers that could freeze their bank accounts and suspend their insurance.

Prime Minister Justin Trudeau. Photo: Bloomberg.

Canada Bridge Reopens After Five-Day Protest

The Ambassador Bridge that links Canada with the U.S. has reopened, clearing the largest trade artery between the two countries after a five-day protest shut it down.

Commercial trucks and passenger vehicles drive across Ambassador Bridge on the Canada-U.S. border in Windsor, Ontario. The bridge connects Windsor to Detroit and facilitates over 30% of all Canada-U.S. road trade. Photo: Bloomberg.

How Trucker Protests Shut the Canadian Border and Rocked the Economy

Canadian protests that began by championing the rights of truckers have spread into sprawling, ad-hoc anti-establishment demonstrations across the country — shuttering crucial trade links, confounding police and giving hints that the efforts could spread.

Demonstrators gather as rows of trucks sit parked during a protest against vaccine mandates in Ottawa, Ontario. Photo: Bloomberg.

L.A. Port Sees Chance to Ease Ship Backlog by Summer Peak

U.S. supply chains have a chance to normalize after retailers replenish inventories next quarter, even if peak summer demand arrives sooner than usual, according to Port of Los Angeles Executive Director Gene Seroka.

Container ships moored off the Los Angeles and Long Beach ports in Long Beach, California. Photo: Bloomberg.

Canadian Bridge Blockade Stretches Fragile Auto Supply Chain

Protestors blocking traffic between the U.S. and Canada to oppose vaccine rules have further stretched an auto supply chain already worn thin by pandemic-related labor shortages and a scarcity of chips.

Commercial trucks and passenger vehicles drive across Ambassador Bridge on the Canada-U.S. border in Windsor, Ontario. The bridge connects Windsor to Detroit and facilitates over 30% of all Canada-U.S. road trade. Photo: Bloomberg.

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