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Supply Chains in Crisis: Page 70

Houthis Threaten to Attack Ships in Mediterranean Sea

Although Houthis have regularly hit vessels in the southern Red Sea and Gulf of Aden since November 2023, there's little evidence they can do so beyond those waters.

Image: iStock/bogdanserban

Maersk Expects Red Sea Shipping Disruptions to Persist for Most of 2024

Despite those disruptions, Maersk still lowered its expected operating loss for the year from $5 billion to between zero and $2 billion.

Photo: iStock / Marina113

Containers Rerouted from Baltimore Face Lengthy Dwell Times at East Coast Ports

Demurrage charges for rerouted containers waiting at East Coast ports could add up to as much as $3.9 million each week.

Photo: iStock / halbergman

Spirit Aero, Airbus Near Critical Talks on Fate of Supplier

Spirit, which was spun out of Boeing in 2005, is in an increasingly stretched financial position as the U.S. planemaker slows output of its 737 aircraft.

Photo: iStock.com/Boarding1Now

First Container Ship Since Bridge Collapse Arrives at Port of Baltimore

There are currently four temporary channels in use, mostly limited to smaller essential vessels needed to clear the wreckage.

Photo: Port of Baltimore

Red Sea Diversions Spew Carbon Emissions Equal to 9 Million Cars

While significant, the extra emissions are a fraction of what the shipping industry spews into the atmosphere each year.

A tugboat guides the MSC Luciana container ship, left, as it approaches the Port of Felixstowe, owned by a unit of CK Hutchison Holdings Ltd., in Felixstowe, UK, on Monday, March 4, 2024. By attacking ships plying the Red Sea, Iran-backed Houthi rebels have caused the biggest disruption to global trade since the Covid-19 pandemic and provoked a military response, including US and UK airstrikes on Yemen. Photo: Chris Ratcliffe/Bloomberg

How New Balance Has Weathered Years of Supply Chain Disruptions

The attacks on Red Sea shipping have forced carriers to reroute their vessels around Africa’s Cape of Good Hope, resulting in increased cost. But that hasn’t fazed New Balance.

Photo: iStock.com/Stefan Sutka

Boeing Posts $355M Loss in First Quarter of 2024

The planemaker saw revenue fall 8% year-over-year in Q1, in what CEO David Calhoun called a "tough moment" in a letter to employees.

Photo: gk-6mt, iStock

Taiwan Quake Was a Lesson in Resiliency for the Global Supply Chain

Disaster was averted, delivering a powerful message about how resiliency can stave off critical supply chain disruptions.

A Buddhist temple destroyed in a 1999 earthquake in Taiwan. Photo: luxiangjian4711, iStock

City of Baltimore Accuses Ship Owner of 'Gross Negligence' in Bridge Crash

The City of Baltimore says it plans to pursue "significant" claims against the firms responsible for the Dali, in a bid to compensate the city, its residents and businesses.

The Dali container ship. Photo: iStock.com/viper-zero

Port of Baltimore on Track to Fully Reopen By End of May

The U.S. Department of Transportation reaffirmed the timeline the reopen the Port of Baltimore in a meeting with East Coast port leaders.

Photo: iStock / halbergman

Malaysia Air Looks to Lighten Plane Loads on Middle East Detour

The Malaysian flag carrier will reroute flights to avoid airspace over parts of the Middle East, requiring more fuel and spurring the need to lighten its load.

A Malaysia Airlines passenger jet at Kuala Lumpur International Airport. Photographer: Richard Humphries/Bloomberg

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