Imports have been elevated since last summer, first as retailers brought in cargo ahead of an October strike at U.S. ports, then in anticipation of an escalation of tariffs.
A pall of uncertainty hangs over what for decades has been one the main maritime highways of the global economy, carrying manufactured goods and vital commodities.
The vessel experienced what Maersk described as "machinery related issues in the main engine room" while it was roughly 354 nautical miles east of Bermuda.
The Houthis had initially agreed to cease its strikes against any ships without direct ties to Israel in late January, before resuming attacks in mid-March.
Port Canaveral operates as a major hub for Florida's cruise ship industry, as well as for SpaceX and Blue Origin, which rely on the port to offload and transport recovered launch vehicle components.
Modi’s endorsement not only bolsters the port-to-power Adani conglomerate, it also signals that the overhang around the U.S. indictment could be easing for Asia’s second-richest person.
Center for LNG executive director Charlie Riedl warned that the fees could raise costs for global buyers, and threaten the United States' position as the world's leading LNG exporter.
The Panamanian president, Jose Raul Mulino, said that toll fees were regulated by the Panama Canal Authority (ACP), an autonomous governing body that oversees the trade route.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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