Page 18 - Ever Given News Today

Suez Canal Incidents: Over 300 vessels have opted for a 6,000 nautical mile diversion around the Cape of Good Hope in recent days. Consequently, transit durations, shipping costs, and insurance premiums have risen, posing a potential disruption to global production timelines. With the Houthi assault in the Red Sea looming over world trade, what solutions can be explored?

A year that started with smooth sailing for the global economy -- vanishing supply snarls, slower inflation and fading pandemic gloom -- is ending with another gathering storm as the maritime industry and retailers that rely on it confront crises in the worlds two big ocean-to-ocean canals.

A year that started with smooth sailing for the global economy -- vanishing supply snarls, slower inflation and fading pandemic gloom -- is ending with another gathering storm as the maritime industry and retailers that rely on it confront crises in the worlds two big ocean-to-ocean canals.

Drought, war and supply chain disruption snarling major shipping routes

Global shippers are grappling with a spike in costs as some ships are forced to take lengthy diversions to avoid disruptions at the Suez and Panama canals.

Bill C-244 addresses unreasonably high repair costs — and the growing number of appliances and devices that are thrown out rather than repaired.

Maersk and CMA CGN have introduced new charges to transport goods along many of the world’s busiest shipping routes after re-directing their vessels away from the Red Sea because of attacks.

Red Sea diversions and pauses will have a human cost for the people at sea and their families, with some likely missing Christmas at home due to changed journeys.

As a year marked by dwindling supply issues, receding inflation, and waning pandemic shadows comes to an end, a new crisis emerges.

As of Thursday, 129 vessels have been rerouted away from the Red Sea, with an additional 28 ships waiting the conflict out, says Project44.