A subsea power link and four data cables were damaged December 25, after Eagle S sailed over them on the Gulf of Finland.

The planned talks are a welcome sign for importers and exporters bracing for a labor disruption that would shut every major port on the U.S. East and Gulf coasts. 

The ILA and USMX have until January 15 to come to a deal on a new collective bargaining agreement to avert another strike at U.S. ports.

The project was brought about following the grounding of the Ever Given in 2021, which blocked the waterway for six days and impacted billions of dollars worth of trade.

The bill would require 10% of all import cargo into the United States from China to arrive on vessels built, flagged and crewed in the U.S.

Data released by the port on December 26 shows that full imports increased by more than 13% year-over-year in November 2024. 

Tighter Western sanctions on shadow vessels have rattled the market, and prompted operators to leave these ships idle at sea.

12 European countries are demanding checks on proof of insurance from suspected shadow vessels as they pass through the Baltic Sea and the English Channel.

The Suez Canal is a vital source of foreign exchange for the $380 billion Egyptian economy, whose currency slid to a record low in the past month.

Three Panamanian ex-presidents and Mexico’s new president, Claudia Sheinbaum, expressed solidarity with Mulino.