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Supply Chains in Crisis: Page 74
Fertilizer Ship Attacked by Houthis Last Month Sinks in Red Sea
U.S. Central Command said the attack had caused an 18-mile oil slick, warning that the spillage of the cargo into the sea would worsen the environmental impact.
Cargo Volumes in Red Sea Area Drop 21% Due to Attacks On Ships
BIMCO said that, so far in February, the number of ships transiting through the Gulf of Aden and the Suez Canal is 50% and 37% lower than last year respectively.
Majority of U.K. Retailers Suffering From Red Sea Disruption
The supply chain problems are expected to be exacerbated next month as China begins shipping again in earnest after its annual pause for the two weeks of lunar new year celebrations.
USCENTCOM Says U.K.-Owned Ship Damaged in Houthi Missile Attack off Yemen
A Houthi spokesman confirmed they had targeted the
Islander
and said they had also launched drones at a U.S. warship.
Biden Seeks to Bolster Port Cybersecurity with Executive Order
The order will give the Coast Guard authority to respond to malicious cyberactivity, require maritime vessels to bolster their cybersecurity and impose new rules on reporting cyber incidents at ports.
Ivory Coast Cashew Processors Ask for More Government Support
The Ivory Coast Cashew Industry Group asked for a renewed plan guaranteeing cashew suppliers up to 20% of the GTCI’s processing capacity at the beginning of each season.
Naval Escort Helps CMA CGM Ship Pass Through Red Sea Despite Recent Attacks
The EU announced February 19 that it plans to begin its own naval missions to protect shippers passing through the Red Sea.
Almost All Independent U.S. Pharmacies Facing Drug Shortages, Survey Says
Eighty-seven percent of respondents said that they are experiencing a shortage of Adderall or other generic drugs, which was slightly down compared to a similar survey conducted in September.
Maersk: Red Sea Diversions Could Extend into Second Half of 2024
Maersk said that it has added about 6% more vessel capacity to its schedule to keep the flow of trade moving, further adding to the company’s operational costs.
Energy Chief: U.S. ‘Very Concerned’ About China’s Dominance of Critical Minerals
Energy Secretary Jennifer Granholm said that the U.S. is currently updating its laws, including a 150-year-old mining regulation, to ensure the “sustainable and efficient” extraction of critical minerals.
The Red Sea Crisis Could Disrupt the U.K.’s Tea Supply
The British Retail Consortium said that it had noticed a “temporary disruption” to some black tea lines, while an industry source suggested that some flavored lines had been delayed.
U.S. VC Firms' Investments in China are Fueling Uyghur Genocide, Report Says
The five U.S. firms invested over $1.9 billion in artificial intelligence companies that support either the Chinese military or China’s human rights abuses.
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