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Toyota s profit fell nearly 18% in the April-June quarter from the year before, as the semiconductor shortage slamming the auto industry dented production at Japan s top automaker. ....
By Masumi Suga (Bloomberg) Japanese manufacturers are increasingly looking to move offshore operations to their home market, according to a Tokyo Steel Manufacturing Co. executive. The rapidly weakening yen that. ....
Apr 13, 2021, 12:34 PM – Updated on Apr 14, 2021, 12:59 PM Word Count: 641 A court in the city of Ismailia granted a seizure request regarding the Ever Given vessel at the behest of the Suez Canal Authority. Egypt’s move underscores the legal complications following the container vessel’s grounding on March 23, which closed the canal for six days and roiled shipping markets. Logjams are expected to continue in the coming weeks at major ports such as Singapore and Rotterdam because of disruptions to schedules, according to supply-chain data provider project44. The 25 Indian crew members remain on board the ship, which is in the Great Bitter Lake, about halfway along the canal. ....
Update: Egypt Seizes Container Ship that Blocked Suez, Pending $916M Compensation By Tarek El-Tablawy and Alex Longley | April 13, 2021 Egypt seized a giant container vessel that blocked the Suez Canal last month as it sought compensation of more than $900 million. A court in the city of Ismailia granted a seizure request regarding the Ever Given vessel at the behest of the Suez Canal Authority, state-run Ahram Gate reported on its website. Egypt’s move underscores the legal complications following the container vessel’s grounding on March 23, which closed the canal for almost a week and roiled shipping markets. Logjams are expected to continue in the coming weeks at major ports such as Singapore and Rotterdam because of disruptions to schedules, according to supply-chain data provider project44. ....