Latest industry related news items
Floods disrupt European logistics and supply chains
Severe flooding caused by violent storms have resulted in widespread disruption to logistics and manufacturing operations over the past few days in Western Europe, including in Belgium, Luxembourg, parts of the Netherlands, and western Germany.
Early agreement reached in dispute over Ever Given cargo ship which blocked Suez Canal
The owners and insurers of the giant container ship that blocked the Suez Canal for nearly a week earlier this year have reached an agreement in principle over their dispute with canal authorities, representatives from both sides said Wednesday. Stann Marine, the lawyers representing the vessel's owners and insurers, and a spokeswoman for the Suez Canal Authority both confirmed the development.
Impact of Yantian disruption ‘exceeds the Suez incident’
Shipping and logistics insiders say the proportion of vessels affected is already greater than during the blockage of the Suez Canal in March and April, warning cargo owners to examine their contingency plans and that just-in-time supply chains may not work in the current environment.