Tanker firms halt Red Sea traffic after U.S. strikes Houthi militants

An Egyptian man sits and eats ice cream as he watches international cargo and tanker ships pass through the Suez canal Scott Nelson | Getty Images Several of the world’s major tanker companies on Friday halted traffic toward the Red Sea after U.S. and British airstrikes on Iran-allied Houthi militants in Yemen. Hafnia, Torm and … Read more

Panama Canal drought moves Maersk to start using land bridge for cargo

View of stranded boats at Alhajuela Lake during the summer drought, in Colon province, 50 km north of Panama City, Panama, on April 21, 2023. The Alhajuela lake is one of the main lakes that supplies water to the locks of the Panama Canal and is at its lowest level of recent years. Luis Acosta … Read more

Red Sea crisis could jeopardize inflation fight as shipping costs spike globally

A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt.  Sayed Hassan | Getty Images U.S. shipping costs are spiking as attacks in the Red Sea disrupt global trade, raising fears that inflation might pick up again if the disruption persists. The diversion of container ships from the … Read more

US seizes more illegal e-cigarettes, but thousands of new ones are launching

WASHINGTON — Federal officials are seizing more shipments of unauthorized electronic cigarettes at U.S. ports, but thousands of new flavored products continue pouring into the country from China, according to government and industry data reviewed by The Associated Press. The figures underscore the chaotic state of the nation’s $7 billion vaping market and raise questions … Read more