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Supply Chains in Crisis: Page 67

Port of Baltimore Shipping Channel Reopens

Rebuilding the span will take more than four years and cost up to $1.9bn, state authorities in Maryland have said.

Baltimore, June 7. Photo: Bob Petty, Army Corps of Engineers

Global Trade Is on the Rebound. Are Suppliers Getting the Benefit?

A “rebound” in global trade is underway, and the U.S. and China are the big beneficiaries, according to a new report. For suppliers, however, the news isn’t all good.

Image: iStock.com/thitivong

U.S. Seeks to Increase Pressure on Houthis in Threat to Yemen-War Truce

Leaders in Washington, D.C. have been striving to broker a cease-fire deal in Gaza for several months, with limited success.

Suez Canal, Egypt. Photo: Bloomberg

Out-Of-Control Ship in Charleston Harbor Causes Bridge Closure

Police cleared traffic, cyclists and pedestrians from the eight-lane bridge before the ship arrived, keeping it closed for 10 minutes as the ship steamed underneath, authorities said.

The Ravenel Bridge in Charleston. Photo: iStock.com/AdShooter

'Clock Ticking' on Potential Canada Border Agent Strike

The Canada Border Services Agency — made up of over 9,000 border workers — previously set a June 6 deadline to reach a collective bargaining agreement.

Photo: MayaCom, iStock

Maersk Raises Profit Forecast as Red Sea Disruption Boosts Rates

This is the second time in about a month Maersk raised its forecast as the world’s supply lines are suffering from a number of disruptions.

Photo: iStock.com/U. J. Alexander

Rainy Relief for Panama Canal As Vessel Draft Deepens Ahead of Schedule

As of May 26 — and for the first time in all of 2024 — water levels for Gatun and Alhajuela Lakes are above the mark recorded on the same date in 2023.

Panama Canal, Panama. Photo: iStock / Marina113

IMO Denounces Red Sea Shipping Attacks as 'Illegal and Unjustifiable'

The IMO's resolution marks the first instance of the group addressing the issue since Houthi attacks in the Red Sea began in late 2023.

Photo: iStock.com/brunette

The $10K Shipping Container Looms in Latest Trade Strains

With capacity stretched by more than five months of attacks on vessels in the Red Sea, the container shipping industry is scrambling to meet demand.

Shipping containers and cranes at the Port of Savannah in Savannah, Georgia, US, on Saturday, Sept. 9, 2023. The US economy has been looking so solid lately that Federal Reserve officials will probably need to double their projection for growth in 2023 when they publish an updated outlook later this month. Photo: Bloomberg

Delay in Port of Baltimore Reopening Main Shipping Channel

The U.S. Army Corps of Engineers says the project will now likely wrap up sometime between June 8 and 10.

Salvors continue to remove debris from the wreckage site of the Francis Scott Key Bridge collapse as seen from the edge of the remaining bridge that still stands April 17. Debris and wreckage removal is on-going in support of a top priority to safely and efficiently open the Fort McHenry channel. Photo: U.S. Army Corps of Engineers, Baltimore District

Trade Strains Boost Cargo Rates at Pace Recalling Covid ‘Chaos’

Some of the catalysts for the monthlong advance in seaborne freight rates stem more from worry than optimism.

A container ship at the Port of Felixstowe, U.K. Photographer: Chris Ratcliffe/Bloomberg

Record Hurricane Season in Atlantic Could Spell Trouble for Supply Chains

NOAA is projecting between 17 and 25 named storms with winds of nearly 40 miles an hour in the Atlantic between June and November.

Photo: MikeMareen, iStock

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