A massive container ship blocking the Suez Canal showed no signs of budging for a third day, forcing container carriers and other vessels to weigh costly and time-consuming voyages around Africa that threaten to destabilize the already fragile underpinnings of global trade.
Crews are still struggling to remove Ever Given, a stranded container ship longer than the Eiffel Tower, and a look at the type of cargoes waiting to pass show the shipping delays will affect a range of industries.
One of the largest container ships in the world has been partially refloated after it ran aground in the Suez Canal, causing a huge jam of vessels at either end of the vital international trade artery.
A standoff between commodities giants and shipping companies is prolonging the labor crisis at sea, with an estimated 200,000 seafarers still stuck on their vessels beyond the expiration of their contracts and past the requirements of globally accepted safety standards.
Canadian Pacific Railways’s Keith Creel for years followed in the footsteps of Hunter Harrison, an industry legend whose revolutionary efficiency strategy became the standard at all the major North American railroads.
ANA Holdings Inc. expects its cargo unit to receive a boost this year from the global chip shortage as planes loaded with semiconductors help speed deliveries to automakers and consumer-electronics manufacturers.