Middle Eastern crew of Libya bound cargo ship arrested

Logistics Middle East

Middle Eastern crew of Libya bound cargo ship arrested off Greece after weapons stash found among cargo

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Increased threat of bomb attacks in Libyan ports

Logistics Middle East

MAST security firm releases shipping advisory warning of bomb attacks on merchant vessels in Libya

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The Changing Face of Manufacturing: How US Manufacturers are Looking Homeward

Cerasis

With the rise in global crude oil production and relative political stability in the major oil producing nations, particularly Iraq and Libya, the price of crude oil has fallen from above $100 a barrel to around $50 a barrel in just a year. Add to that the cost of shipping over long distances to US and European markets and they have lost the huge advantage they used to have in the past. This is the first post in a two part series on the “Changing Face of Manufacturing.”