The Boeing 787 Dreamliner sits on the tarmac at Boeing Field in Seattle, Washington. Robert Sorbo | Reuters Boeing on Thursday handed over a 787 Dreamliner directly to a Chinese airline for the first time since November 2019, a milestone that could open up the possibility of deliveries of the manufacturer’s cash cow, the 737 … Read more
Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea in this photo released on Nov. 20, 2023. Houthi Military Media | Via Reuters Drone and missile attacks by Yemen-based Houthi militants have upended shipping through the Red Sea and Suez Canal, a narrow waterway through which some 10% of the … Read more
China has slapped export controls on graphite, a key mineral used to make steel and electric car batteries, ratcheting up a trade fight with the United States over the technologies needed to wean the world’s economy off planet-heating fossil fuels. The measures, announced Friday in a joint declaration from Beijing’s Ministry of Commerce and the … Read more
The Hamburg flag flies in front of Hapag-Lloyd containers on the Hapag-Lloyd containership “Berlin Express” at Burchardkai in the Port of Hamburg. Marcus Brandt | Picture Alliance | Getty Images MSC, the world’s largest shipping carrier, said it is no longer traveling through the Suez Canal after its container ship, the MSC PALATIUM III, was … Read more
Business is largely back to normal along the global supply chain, including where it all begins for the Care Bear: the factory floor in China. Anward Shen, owner of An’Best Toys in China, which produces the plush toys for U.S. retailer Basic Fun!, said the cost of making a Care Bear is back to where … Read more
Loaded containers stacked on top of a cargo ship sailing in a canal on Janvier 20, 2017 in Suez Canal, Red sea, Egypt. Camille Delbos | Corbis News | Getty Images So far, shippers have diverted about more than $30 billion worth of cargo away from the Red Sea as they face the threat of … Read more
A container ship sails through the new section of the Suez Canal in the Egyptian port city of Ismailia, 135 kms northeast of the capital Cairo on October 10, 2019. Khaled Desouki | AFP | Getty Images Attacks by Iran-backed Houthi militants on ships in the Red Sea have already rocked global trade. And there … Read more
