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Global Gateways: Page 81

Blocked Suez Forces Ships to Look at Long Trip Around Africa

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.

Satellite image from Cnes2021, Distribution Airbus DS, shows cargo ship Ever Given stuck in the Suez Canal near Suez, Egypt, Thursday, March 25, 2021.

What’s Backed Up at the Suez Canal? Live Animals, Oil and Food

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.

0325 Suez Canal

Fight Between Commodities Giants and Shippers Leaves Seafarers Stuck

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.

Emissions from a cargo ship at dusk. Photo: Shutterstock.

CP Rail’s CEO Makes the $25 Billion Deal His Mentor Wouldn’t

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.

Keith Creel, chief operating officer of Canadian Pacific Railway Ltd. Photo: Bloomberg.

CP Rail Agrees to Buy Kansas City Southern for $25 Billion

Canadian Pacific Railway is aiming to create a 20,000-mile rail network linking the U.S., Mexico and Canada in the first year of those nations’ new trade alliance.

A Canadian Pacific Railway train leaves Hardisty, Alberta, Canada. Photo: Bloomberg.

U.K. Firms Decry Unfair Brexit Border as EU Goods Waved In

The U.K.’s decision to postpone border checks on goods coming from the European Union until next year has delighted the country’s importers — but left some exporters angry.

0214 Brexit

Britain Delays Brexit Import Checks to Avert Disruption

The U.K. government says it will delay imposing post-Brexit checks on imports coming from the European Union in a bid to avert disruption to supplies this summer.

Photo: Bloomberg

Major Exporters Take Unusual Steps to Ease Container Shortage

Some of the world’s biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardizes their overseas trading.

A dockworker monitors a shipping container being loaded onto a freight train. Photo: Bloomberg.

U.K. Names Eight Freeports in Bid to Boost Post-Brexit Trade

U.K. Chancellor Rishi Sunak unveiled a roster of eight English freeports, low-tariff business zones being created to stimulate trade and investment in the wake of Brexit and the coronavirus crisis.

Photo: Bloomberg

Booming U.S. Imports Show Uneven Global Recovery Pace

A surge of imports into the U.S. economy shows little sign of slowing down, clogging American ports and highlighting ways the pandemic is still causing imbalances in the global recovery.

A crane carries shipping containers owned by AP Moller-Maersk A/S away from a ship. Photo: Bloomberg.

U.S. Retailers See Millions in Sales Delays Amid Shipping Logjam

Overwhelmed U.S. ports, elevated freight costs and accidents that sent goods plunging to the bottom of the ocean are causing headaches for U.S. retailers already reeling from the pandemic.

Freight trucks idle at the Port of Los Angeles. Photo: Bloomberg.

Ocean Cargo Snarls Force Global Commerce to Look Outside the Box

An ongoing surge in the cost of shipping goods around the world is prompting manufacturers and their customers to scramble for cheaper solutions.

Source: Bloomberg

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