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Supply Chains in Crisis: Page 78

Ocean Freight Rates Likely to Spike Because of Red Sea Crisis
Almost a fifth of global container trade has already diverted away from the Red Sea and Suez Canal.
The long and more expensive way is around the Cape of Good Hope. Photo: iStock.com/Felipe Meneses
IANA Adds Call to Reopen El Paso & Eagle Pass Crossings
IANA said the prolonged closure will disrupt the equilibrium that is indispensable to the smooth functioning of the freight supply chain.
Train tracks skirt the U.S.-Mexico border wall near El Paso. Photo: iStock.com/halbergman
Railroads Urge Border Officials to Reopen U.S.-Mexico Crossings
“While the company understands this is a complex humanitarian crisis, most migrants are not crossing the border on trains,” Union Pacific said in a statement.
Bridges Crossing the Rio Grande in Eagle Pass, Texas. Photo: iStock.com/halbergman
U.S. Announces New Task Force to Counter Houthi Red Sea Threat
The attacks in the Red Sea, which handles about 12% of world trade as a key waterway for goods and energy, have emerged as a fresh threat to global supply chains.
Image: iStock.com/PeterHermesFurian
BP Suspends Oil and Gas Shipment through Red Sea
BP is the first oil company to directly halt its own shipping, after five major ocean carriers halted service through The Bab al-Mandab strait.
Gas prices are likely to rise because of disruption to shipping in the Arabian Gulf. Photo: iStock.com/jetcityimage
More Major Ocean Carriers Cease Red Sea Routes After Attacks
About 17,000 ships and 10% of global trade pass every year through The Bab al-Mandab strait, also known as the Gate of Tears, which is only 20 miles (32km) wide.
Stade, Germany. Photo: iStock.com/eyewave
Maersk Stops All Red Sea Container Ship Traffic
Maersk said December 14 that its vessel, Maersk Gibraltar, was targeted by a missile when traveling from Salalah, Oman to Jeddah, Saudi Arabia.
Photo: iStock / Marina113
Two Cargo Ships Attacked by Houthis in Red Sea
Both December 15 attacks, one missile-based and the other drone-based, came from a part of Yemen controlled by the Houthi rebel movement.
Photo: iStock.com/SHansche
Supply Chain Security Breaches Increased in 2023
The mean number of supply chain breaches increased from 3.29 incidents in 2022 to 4.16 incidents in 2023, a 26% rise.
Image: iStock.com/Thapana Onphalai
Houthi Rebels Strike Norwegian Tanker with Missile
Houthi spokesperson Yahya Saree said that the ship was targeted December 11 after its crew failed to respond to warnings.
Photo: iStock.com/Dikuch
Merck Navigates Chip Geopolitics With ‘China For China’ Strategy
The German company adopted the “China for China” strategy in 2018 to meet surging demand for its LCD panels there.
Kai Beckmann, chief executive officer of Merck’s electronics business. Photo: Bloomberg
Grounded Dark-Fleet Oil Tanker Gets Cargo Removed Near Indonesia
A so-called dark fleet of tankers like the Liberty, which already existed before Russia invaded Ukraine, has ballooned since.
Cameroon is deemed “very high risk” as a ship registry by authorities. Photo: iStock.com/NatanaelGinting
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