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Supply chain disruptions. Congested ports. Delivery delays. Soaring shipping prices. All of this seemed like a distant memory from the peak of the COVID-19 pandemic, but it’s happening again, and conditions are far scarier this time around. The head of …
Nautilus Holdings Ltd, a Bermuda-chartered company that leases container ships, filed for Chapter 11 bankruptcy protection in New York. The company, burdened with approximately $770 million in debt, sought this protection to bring creditors into a single forum for negotiations. …
USPS just announced a 25% hike in shipping. That is inflationary. That is shipping and logistics… Ok Jerome Powell, what sort of BS is the @federalreserve going to shovel today? — Ann Vandersteel™️ (@annvandersteel) May 14, 2024 WASHINGTON (Reuters) – …
The Drewry World Container Index surged by 16% this week to reach $3,159 per 40ft container, marking an astonishing 81% increase from the same period last year. Compared to pre-pandemic levels in 2019, current rates are a staggering 122% higher. …
At a checkpoint south of Juarez, President Lopez-Obrador is going mideival on immigrant travel to El Paso. Did we pay that $20 billion already? Immigration, military pulling migrants off the buses left and right and driving them south in minivans …
https://twitter.com/HaywerdJablomi/status/1772508796729852383 The morning silence shattered as the Francis Scott Key Bridge in Baltimore met its unexpected fate, crumbling into the sea in a breathtaking cascade of steel and concrete. The collision, captured in a chilling livestream, unfolded with surreal intensity …
One of 17 charter bus companies that Mayor Eric Adams sued for transporting busloads of asylum seekers to New York City has agreed to stop, for now. The lawsuit charges the charter bus companies with violating New York’s Social Services …
Never giving up saves your life. Police say someone heard a missing Florida mother banging on the locked door of a shipping container after a co-worker reported her missing. Cocoa Police Department said in a Facebook statement that Marlene Lopez, 52, was …
Cranes made by Shanghai Zhenhua Heavy Industries (ZPMC), a state-owned Chinese company, in some cases carry cellular modems, according to a congressional investigation reported by the Wall Street Journal on Thursday. The modems offer a potential backdoor for remote access, …
Inflation coming back like it was 2023. Shipping costs are rising fast amid geopolitical tensions pic.twitter.com/RI2bzGFKbo — Win Smart, CFA (@WinfieldSmart) February 17, 2024 h/t Tonight We Ride!
As we navigate the complexities of global trade, an unsettling parallel to the 1970s emerges—a de facto shipping blockade looms on the horizon. The epicenter of this maritime upheaval is the Red Sea, where the crisis is intensifying. The shortage …
Luckily, oil prices have fallen significantly from their highs. It's interesting that oil markets are not concerned about geopolitical tensions. This is offsetting some of the impact of higher shipping costs. Follow us @KobeissiLetter for real time analysis as this …
Multiple LNG vessels stranded in Persian Gulf after air strikes on Houthi rebels Qatar appears to have paused sending LNG tankers through the Bab el-Mandeb Strait after the air strikes raised regional risks. Multiple liquefied natural gas tankers were held …
BREAKING: ⚡ 🇮🇱 Another major economic blow to Israel Cosco suspends Israel shipments amid Red Sea tensions. Cosco, is controlling 5.2% of global shipping capacity. This comes after other companies such as MSC, CMA CGM, Maersk, and Hapag-Lloyd have done …
Maersk just announced it will continue to divert from the Red Sea for the foreseeable future. Inflation is back baby! Well this didn’t last long Danish Maersk announced all its ships will be taking the route around Africa and will …
https://twitter.com/LavrionMining/status/1741466138981064854 Maersk Halts Red Sea Transit After Container Ship Hit By Missile Maersk, one of the largest shipping companies in the world, suspended all container ship sailings in the Southern Red Sea after Iranian-backed Houthi militants attacked one of its …
BREAKING NEWS RED SEA ATTACKS THREATEN TO CUT GLOBAL SHIPPING CAPACITY 20% 20%. Supply chains… — Gold Telegraph ⚡ (@GoldTelegraph_) December 23, 2023 “NEW YORK — The series of ship attacks by Iran-backed Houthi rebels in the Red Sea could …
via RT: Global logistics companies have been hit with rising ocean and air freight prices and stranded cargo as a result of vessels being diverted from the Red Sea amid the risk of attacks from Houthi militants in Yemen. According …
Shipping halt by OCL and others to Israel sparks economic concerns. Geopolitical tensions pose broader risks. BREAKING: ⚡️ 🇮🇱🇨🇳Israeli Channel 13: "The shipping company "OCL" in Hong Kong announces that it will stop receiving goods to and from #Israel immediately …
Breaking: Friends of Israel (Emirates, Bahrain, Saudi Arabia and Jordan) opened a new passage to deliver goods to Israel, replacing the Red Sea. 🚨🇮🇱 Breaking: Friends of Israel (Emirates, Bahrain, Saudi Arabia and Jordan) opened a new passage to deliver …
by Chris Black The Red Sea is the eastern funnel into the Suez Cannel, and accounts for about 22% of the international container trade (https://www.insurancejournal.com/news/international/2023/12/06/… Continue reading by subscribing. Username Password Remember Me Forgot Password
🚨🇮🇱🇧🇬 Just in: A Bulgarian cargo ship heading for Israel was struck by a missile launched by Yemen’s Houthis. 5th ship in 24 hours! Nuke Yemen? pic.twitter.com/RVZ3UDOqrp — Terror Alarm (@Terror_Alarm) December 15, 2023 🚨🇮🇱🇾🇪 British Maritime Trade Center reports …
Dozens of massive container ships are experiencing delays of up to four weeks Congestion in canal could have a wider impact across the global supply chain Christmas supplies heading to America could be delayed over the coming weeks in a …
“At 4AM this morning, two-thousand (2,000) troops at Moody Air Force Base (near Valdosta, GA) were called and told “”Be at the base by 6AM, packed and ready to deploy.”” They were NOT told the destination. They WERE told “Tell …
Eagle Pass, TX: More containers being placed along the river. Is it to block migrants from crossing or to block BP agents from accessing the wire to cut it? https://t.co/wR1TU8DDLf pic.twitter.com/KzREsLL68L — Auden B. Cabello (@CabelloAuden) November 1, 2023
America’s economy could be thrown into turmoil by the war between Israel and Hamas, analysts have said – warning that the dollar could be impacted and oil prices swiftly affected. The conflict may lead to higher inflation in the United …
For the last three days Estes Express is being hit hard with the attack. No phones, No Website, No Internal Systems, No nothing. They claim they are still making pick ups and delivery, but that’s not what I’m personally experiencing. …
The Los Angeles city council has decided to pursue a lawsuit and criminal probe against Governor Greg Abbott over Texas’ migrant busing program. The city council came to a unanimous decision on Wednesday and demanded that the city attorney’s …
https://www.youtube.com/watch?v=91gXUl1E-Sc Have you noticed that delivery delays are becoming a lot more frequent recently? That’s because a new set of supply chain disruptions are impacting the shipping and trucking industry right now. Both maritime and road transportation companies are facing …