LONDON — The attacks on commercial vessels in the Red Sea by Yemen’s Houthi rebels have scared off some of the world’s top shipping companies and oil giants, effectively rerouting global trade away from a crucial artery for consumer goods and energy supplies that is expected to trigger delays and rising prices. BP said Monday … Read more
KORCZOWA, Poland — Pickup trucks and tourniquets bound for Ukraine’s battlefield are stuck in a mileslong line at the border with Poland. Components to build drones to fight off Russian forces are facing weeks of delays. Ukrainian charities and companies supplying the war-torn country’s military warn that problems are growing as Polish truck drivers show … Read more
A Russian-chartered oil tanker in the sea off Morocco in an area identified by maritime technology company Windward as a hub for smuggling oil. Europa Press | Getty Images The U.S. Department of the Treasury’s Office of Foreign Assets Control announced three vessels and shipping companies being sanctioned for violating the Russian oil sanctions on … Read more
TOKYO — Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey released Monday. The Bank of Japan’s “tankan” quarterly survey measured business sentiment among major manufacturers at plus 9, up from plus 5 in June. Sentiment among major non-manufacturers rose four points to plus … Read more
A ship navigates the Panama Canal within the space of the Americas’ Bridge in Panama Metropolis on June 12, 2023. Luis Acosta | Afp | Getty Pictures An growing variety of climate-driven excessive climate occasions is taking its toll on the world’s main transport routes — and El Niño might make issues worse. El Niño … Read more
Transport containers are loaded onto rail automobiles on the World Container Terminals Vanterm container terminal on Vancouver Harbour in Vancouver, British Columbia, Canada. Bloomberg | Bloomberg | Getty Photos Members of the Worldwide Longshore and Warehouse Union (ILWU) of Canada voted to ratify the second tentative settlement with West Coast port possession, which means an … Read more
A gantry crane stands within the DP World Ltd. terminal at Port Metro Vancouver in Vancouver, British Columbia, Canada, on Wednesday, Sept. 19, 2018. Darryl Dyck | Bloomberg | Getty Photos The strike on the Canada’s West Coast ports is over, after each the labor union and port possession accepted a deal introduced by federal … Read more
Delegates of the Worldwide Maritime Group are assembly in London this week for preliminary talks on implement a brand new greenhouse gasoline technique. Ucg | Common Pictures Group | Getty Pictures Within the face of a colossal and rising supply of emissions, the U.N. transport company is seeking to slash air pollution from the world’s … Read more
Julie Su testifies earlier than a Senate Well being, Training, Labor and Pensions Committee listening to on her nomination to be Labor Secretary, on Capitol Hill in Washington, U.S., April 20, 2023. Amanda Andrade-rhoades | Reuters President Biden’s Performing Labor Secretary Julie Su is in present communication with labor and port administration representatives in an … Read more
West Coast ports are shutting down as union employees “no present” after a breakdown in negotiations with port administration. The Port of Oakland was shut down Friday morning attributable to inadequate labor for terminal operations, a stoppage that’s anticipated to final at the least via Saturday. A supply near the scenario advised CNBC the port … Read more