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In 2024, the Houthis in Yemen launched more than 50 attacks on commercial vessels in the Red Sea, forcing shipping giants like Maersk and MSC to reroute traffic around Africa’s Cape of Good Hope. government would never ask General Electric to shut down a power grid in Asia, or Ports America to bottleneck cargo in Savannah.
This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs. struck more than 60 targets at Houthi positions in Yemen, aiming to halt attacks on merchant ships. On January 11, the U.S.
You can’t just turn around a giant cargo ship. Once cargo has shipped, there are no “backsies.” Everything from custom duties to cargo inspections can create bottlenecks within the supply chain. This isn’t to say you should avoid international sources for goods. By Ali Hasan Raza. In 2017, the U.S.
Ship operators fear that their crews could be imperiled on the journeys through the Red Sea by missile or drone attacks from a Yemen-based rebel group. Cargo volumes through the Suez and Panama canals have plunged by more than a third. One source said that the strategy could be announced Tuesday. Patrick’s Day, and say Sláinte!
Car Sales Leader Bloomberg Red Sea Ship Set Ablaze, Abandoned After Attack Near Yemen More from this author Subscribe to our Daily Newsletter! China Mercedes Car Sales Drop as Tariffs Crimp Demand in U.S., China An employee fits a Mercedes-Benz AG star badge in Bremen, Germany. China Mercedes Car Sales Drop as Tariffs Crimp Demand in U.S.,
Navy’s SEAL Team 3 began to climb aboard an unflagged ship that was carrying illicit Iranian-made weapons to Yemen. Customers of maritime shipping firms not only want to protect their goods they also want to avoid higher insurance and additional shipping surcharges for cargo transiting the Red Sea. Baldor recounts what happened.[6]
In any case, the reduction in US sourcing from China for the last few weeks will start to be felt soon in fewer May container ship arrivals and lower import volumes. The pause is also raising concerns over what will happen if US tariffs on China are reduced and volumes quickly rebound.
In any case, the reduction in US sourcing from China for the last few weeks will start to be felt soon in fewer May container ship arrivals and lower import volumes. The pause is also raising concerns over what will happen if US tariffs on China are reduced and volumes quickly rebound.
and Vietnam creates new question marks for sportswear and clothing retailers like Nike and Adidas that source shoes and clothes from factories in the Southeast Asian country, industry experts said on Thursday. For retailers, US-Vietnam trade deal leaves questions A trade deal announced by the U.S. billion rupees ($497.30
Exclusive: US considering new ship registry in US Virgin Islands, sources say President Donald Trump's administration is considering a proposal to create an international shipping registry in the U.S. tariffs on imported vehicles and auto parts, even as automakers scramble to rework sourcing of critical supplies and minimize disruption.
That’s a push for pharma companies no longer sourcing certain ingredients from China, one of the people said. Agree to Framework Trade Deal Bloomberg Red Sea Ship Set Ablaze, Abandoned After Attack Near Yemen More from this author Subscribe to our Daily Newsletter! UK framework deal signed in May, the draft U.S.-Switzerland
cargo imports in May could hit highest level since last October Transloading is heating up again Hundreds of cargo ships lost propulsion in U.S. But Amazon is on track to purchase by next year as much electricity produced by solar, wind and other carbon-free sources as it uses to power its operations.
seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump's administration to follow through on a promise to essentially ban that vital cargo-handling equipment. US port operators seek to mitigate hefty expected tariffs on China-built port cranes U.S.
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