Global shipping executives gathered this week in Long Beach, California, for a major annual conference, expecting to discuss market trends and supply chain challenges. Instead, they found themselves in crisis mode. On Tuesday, President Donald Trump upended decades of mostly free trade with the two biggest US trading partners, slapping 25% tariffs on goods from … Read more
A PSU firm, which rallied more than 15 times from January 2021 to July 2024, has seen a significant decline of over 51% from its 52-week high reached on July 8, 2024. This firm is Cochin Shipyard, whose order book stood at Rs 22,587 crore as of June 30, 2024, including Rs 21,587 crore in … Read more
Grant Shapps, the transport secretary, is making a statement to MPs now setting out the government’s response to the sacking of 800 workers by P&O Ferries. There are nine measures, he says. First, HM Revenue and Customs will get new resources to check ferry operators are complying with minimum wage law, he says. HMRC will … Read more
The Panama Canal had a record fiscal year 2021 with more tonnage transported through the waterway than ever before, despite a crisis in global port congestion, authorities said Thursday. A total of 516 million tonnes passed through the channel, mainly consisting of containers, grains, chemicals and liquefied natural gas, from October 2020 through September 2021, … Read more