U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. 1 strike that could jam supply chains and reignite inflation ahead of the U.S. presidential election.
The negative impact on maritime shipping and global supply chains from attacks in the Red Sea continues to intensify as traffic is rerouted away from the Suez Canal, Danish shipping company A.P. Moller-Maersk said on Thursday.Attacks in the Red Sea by Iran-aligned Houthi militants have disrupted a route vital to east-west trade, with prolonged rerouting of shipments
Shipping giant Maersk said one of its vessels, the Maersk Sentosa, reported being targeted by a flying object in the north of the Gulf of Aden early on Tuesday.Maersk told Reuters that no injuries to the crew or damage to the ship or cargo were reported.A spokesperson for the Copenhagen-based company said the ship was one of its U.S.-flagged vessels sailing for the subsidiary Maersk Line, Limited.
Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of components, the first clear sign that attacks on shipping in the Red Sea are hitting manufacturers in the region.The United States and Britain launched a series of strikes on Yemen on Thursday
The Rolling Stones were wrong: Time is not on my side.Too often a myth is created and if not killed off right away, it will take on a life of its own and time will not debunk it. Many myths are created for evil or political purposes, but some myths just occur because the truth is just too complicated.Some of those myths don’t even make sense, but there is no available data to establish the truth.
Dee Burch is now the sole proprietor of Gunderson Marine & Iron (GM&I). Recently acquiring all shares of GM&I, Burch assumes the role of president, managing day-to-day operations.“My transition to an active role in the organization is both a profound honor and a tremendous responsibility,” Burch said. “We stand on the shoulders of giants that have built a stellar 100-plus year history.
A U.S.-Canadian anti-whaling activist has been detained in Greenland and faces possible extradition to Japan which has issued an international warrant for his arrest, the Arctic island's police said in a statement.Paul Watson, founder of the Sea Shepherd activist group and the Captain Paul Watson Foundation, was apprehended on Sunday when his ship docked at the port of Nuuk
Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storageFrom 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative global total to 8 TWac, as the world endeavours to electrify economies and meet decarbonisation targets
Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships linked to those registries, according to shipping data and interviews with industry and government officials.The shift reflects the close relationship between the U.S.
The world's largest cruise ship is set for its maiden voyage on Saturday, but environmental groups are concerned that the liquefied natural gas-powered vessel - and other giant cruise liners to follow - will leak harmful methane into the atmosphere.Royal Caribbean International's Icon of the Seas sets sail from Miami with capacity for 8,000 passengers across 20 decks
Denmark's Maersk said on Tuesday its vessels previously paused and due to sail through the southern Red Sea and the Gulf of Aden would be rerouted around Africa via the Cape of Good Hope due to attacks on vessels in the area. As of Monday, December 18, Maersk had paused around 20 vessels
Danish shipping company Maersk will from Dec. 1 no longer offer shipments to or from Syria, it said on Tuesday.Maersk said in a statement its operations in Syria are already limited as a result of international sanctions."This has recently become even more challenging logistically, and we have therefore made the decision to close our operations down completely," it said.