One firm offered six months extra salary if they make a return voyage, which it said would take about a month in total, according to a document seen by Bloomberg.

Companies that embed scenario thinking into their supply chain strategy will be better positioned to adapt.

The vessel was said to have been using a maritime export corridor to move cargo down the Romanian and Bulgarian coastlines to Turkey.

The Houthi blockade will reportedly target the Bab el-Mandeb strait, which serves as the route for roughly 5% of global gas and oil supplies.

The British government took control of the Scunthorpe steelworks in April 2025, after Jingye Group said it planned to close the site because it was not financially viable.

The U.S. restored a blockade against Iranian shipping on July 14, a step that all but halted Tehran’s crude exports when it was imposed previously.

The decision threatens to strain the relationship between London and Beijing, just as Andy Burnham is set to become the prime minister on July 20.

Kenya has been banking on the levy to restart work on the China-built and funded project that runs from Mombasa, but stalled in a scrubland west of Nairobi.

By shifting to these countries for sourcing, manufacturers can spread production across a wider range of markets and reduce their exposure to geopolitical and trade risks.

A bulge in demand was caused by shippers trying to get ahead of increasing bunker fuel prices, ironically causing a spike in freight rates.