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January 9, 2024
Corporate Germany on Tuesday called on Berlin to provide military support to make the Red Sea safe for container vessels, warning that a prolonged disruption of trade may lead to production hiccups in Europe's top economy. They also reflect concerns about the fragility of military support in the area. Maersk said on Friday it will avoid the Red Sea for the foreseeable future, fuelling worries about a prolonged disruption to global trade.
January 6, 2024
A months-long drought at the Panama Canal is the latest example of how climate concerns snarl global supply chains.
January 3, 2024
Of yemens shia muslim minority, the zyeโdis. they model themselves on his brother, the iranianโbacked shia armed group in lebanon. hezbollah has been providing them with extensive military expertise and training since 2014, according to the us. iran is suspected of supplying the houthi rebels with weapons, and the us says iranian intelligence is critical in enabling them to target ships. iran denies involvement in attacks by the houthis in the red sea. stavros karamperidis is the head of the...
December 29, 2023
BERLIN (Reuters) -Hapag-Lloyd has decided to continue diverting its vessels around the Suez Canal for security reasons, a spokesperson for the German container shipper told Reuters on Friday, adding a next assessment would be made on Jan. 2. Shipping giants including Hapag-Lloyd and Denmark's Maersk earlier this month stopped using Red Sea routes and the Suez Canal after Yemen's Houthi militant group began targeting vessels, disrupting global trade. The Suez Canal situation remains ...
December 22, 2023
As of Thursday, 129 vessels have been rerouted away from the Red Sea, with an additional 28 ships waiting the conflict out, says Project44.
December 20, 2023
Ikea has warned of delays getting furniture as its flat pack is hit by the Red Sea snarl up.
November 20, 2023
Swiss marine power company WinGD will supply X-DF-M methanol-fuelled engines for a series of six container vessels to be built at Yangzijiang Shipbuil...
November 14, 2023
Capital Product Partners L.P. (NASDAQ:CPLP) Q3 2023 Earnings Call Transcript November 13, 2023 Operator: Thank you for standing by, and welcome to the Capital Product Partners Third Quarter 2023 Financial Results Conference Call. We have with us Mr. Jerry Kalogiratos, Chief Executive Officer; Mr. Spyros Leoussis , Chief Commercial Officer; and Mr. Nikolaos Kalapotharakos, Chief […]
November 9, 2023
U.S. agribulk exports to Asia are taking the longer route via the Suez Canal due to Panama transit restrictions. The post Panama Canal crisis forces US farm exports to detour through Suez appeared first on FreightWaves.
October 2, 2023
ATHENS, Greece, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) (the “Partnership”) today announced that Capital GP L.L.C., its general partner (the “General Partner”), has appointed Mr. Atsunori Kozuki to act as a member of the Board of Directors of the Partnership appointed by the General Partner in accordance with the provisions of the agreement of limited partnership of the Partnership, effective October 2, 2023. Brief Biography of M...