Page 13 - Ever Given News Today

More than a quarter of goods transport passes through a 25-mile wide stretch of water that separates Indonesia to the southwest from Singapore and Malaysia to the northeast, known as the Malacca Strait.

The supply chain is being tested - but in this age of geopolitical turbulence and trade uncertainty, quality data brings optimism and calm.

The South China Sea alone carries trade equivalent to 5 per cent of global GDP, which would make it the fourth-largest economy in the world.

Five thousand miles from the canals of Suez and Panama lie even more important shipping lanes, chokepoints that could cripple global trade should any disaster befall them

Panic is confined to media headlines for now but Britain is as addicted as ever to Asian imports

Global shipping has been impacted by the effective closure of the Red Sea - but strong disinflationary forces are at play and somewhat minimising the impact.

The combined US-UK attack puts the Red Sea trade route in jeopardy and threatens to increase prices, although experts view the risks as contained for now

MARKET WRAPS Watch For: Producer Price Index for December; Earnings from Bank of America, BlackRock, Citigroup, JPMorgan, UnitedHealth, Wells Fargo Todays Top Headlines/Must Reads: ... -January 12, 2024 at 06:29 am EST - MarketScreener

There are growing fears of the economic implications of the continued disruption to shipping caused by the Houthi attacks on container ships, with Tesla among the latest companies to take a hit.

The rerouting of container shipping around the Cape of Good Hope is increasing costs and delays for shippers. But a repeat of the pandemic-era supply chain crisis is not on the cards