Tag Archives: shipping

Brussels has opted to cancel plans to prohibit EU member-owned ships from moving Russian crude oil to third-party countries, documents seen by Bloomberg showed. However, a ban on insuring Russian tankers is reportedly still being reviewed. If passed, this could represent an effective barrier to exports of oil from the …

Speaking at a press conference on Tuesday, Foreign Minister Sergey Lavrov revealed that “significant units and armaments from NATO countries, including American and British, are being moved closer to our borders.” He said that, in neighboring Ukraine, “more and more forces and equipment are being accumulated on the line of …

According to grill maker Traeger, the company saw an 11.7% year-over-year increase in sales in its third quarter, as it recorded $162 million in revenues. However, its gross profit margin of 33.5% represented a steep decline from 45.3% in Q3 2020. “Bringing a 40-foot container from Asia to the US …

State-owned Saudi broadcaster Al-Hadath TV reported the attack on Tuesday, citing an unnamed source calling it a “likely” Israeli operation off the coast of Eritrea. The vessel was identified as the Saviz, which Israel and Saudi Arabia have long accused of being a “forward base” for the IRGC in the …

The Suez Canal’s recent spell in the limelight has turned out to be quite revealing. The strategic waterway has dominated headlines for a week after a giant container ship, the Ever Given, got stuck in sand and mud at the canal’s southern end, blocking it and bringing shipping to a …

The Brazil-based company, Suzano Sa, which produces around a third of the world’s hardwood pulp, said it’s becoming harder to secure shipping containers for transportation. The company’s CEO Walter Schalka told Bloomberg that if the issue worsens, a worldwide toilet paper shortage could be inevitable. He added that the company …

The traffic jam has trapped freighters with goods and oil products worth over $10 billion, according to the latest estimates by Bloomberg. The agency added that the losses the global economy will eventually sustain are currently difficult to access. The cost of delivering a standard dry-cargo container with a total …

There were no casualties, but a small fire was caused by an explosion in the ship’s hull and had to be put out by the crew, said Ali Ghiasian, a spokesman for Iran’s shipping group. “Such terrorist acts amount to naval piracy, and are contrary to international law on commercial …

Taxes will affect shipments from foreign stores. The Ministry of Finance undertook the legalization of the market of postal shipments. This will write a separate bill, which will soon present to the public and the market. And though the final version of the document is under consideration of the Cabinet, …

In 2018, LG will be able to produce only a small number of OLED-screens for the iPhone. One of the reasons for the high cost of the upcoming smartphone with the assumed name of iPhone 8 KGI Securities analyst Ming-Chi Kuo (Ming-Chi Kuo) said that Samsung is the sole supplier …