Page 3 - Global Trade
Egypt's Suez Canal blockage adds to pressure points in global trade
Delays in freeing a mammoth container ship stuck in Egypt's Suez Canal have highlighted still more pressure points in global trade, a year after supply chains were disrupted by the pandemic
 "Egypt's Suez Canal blockage adds to pressure points in global trade")
Insurance companies on hook for millions tied to Suez Canal crisis
Two tugboats speed to the canal, dredgers have shifted 27,000 cubic metres of sand
 "Insurance companies on hook for millions tied to Suez Canal crisis")
Suez Canal ramps up efforts to end blockage, US watching energy mkt impact
CAIRO (Reuters) - The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an earlier attempt failed to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains for everything from grains to baby clothes.
 "Suez Canal ramps up efforts to end blockage, US watching energy mkt impact")
Centre chalks out four-point strategy to clear Suez Canal blockage
According to the government's assessment, total backlog at the waterway is likely to be cleared in a week' time
A ship stuck in Suez
On Tuesday morning, the container ship Ever Given ran aground while navigating the Suez Canal. It swung sideways, blocking almost the entire channel. It hasn't been refloated yet
Maritime traffic jam grows outside blocked Suez Canal
A maritime traffic jam grew to more than 200 vessels Friday outside the Suez Canal and some vessels began changing course
Suez Canal steps up efforts to remove blockage, shipping rates surge
CAIRO (Reuters) - The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an earlier attempt failed to end a blockage that has lifted shipping rates for fuel tankers and disrupted global supply chains for everything from grains to baby clothes.
The Suez Canal: A vital oil transit route with an ancient history
The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.
Oil prices recover some ground on fears Suez blockage may last weeks
Oil reversed a sharp sell-off a day earlier to rise 1% on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude
Suez blockage sets shipping rates racing, oil and gas tankers diverted away
Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway
 "Suez blockage sets shipping rates racing, oil and gas tankers diverted away")
Suez Canal could be blocked for weeks by stuck 'beached whale' ship
A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel in a new setback for global trade
Stuck cargo ship in Egypt's Suez Canal imperils shipping worldwide
A skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping as at least 150 other vessels needing to pass through idled waiting for the obstruction to clear
Suez Canal snarled with giant ship stuck sideways in top trade artery
At 400 meters in length, the vessel that was built in Japan about three years ago is longer than the Eiffel Tower laid on its side
US stimulus effect to be felt beyond its shores
The package takes pandemic-related spending in the US to over $6 trillion since the start of the crisis.
Biz leaders see trade recovering from Covid faster than 2008 crisis: Study
Firms reallocating a third of their revenue from the first half of 2020 to re-modelling their supply chains
 "Biz leaders see trade recovering from Covid faster than 2008 crisis: Study")
Global cargo logjam deepens, delaying goods bound for retailers, automakers
A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening pandemic has upended normal trade flows
 "Global cargo logjam deepens, delaying goods bound for retailers, automakers")
India's exports fell 9% in Nov, in second straight month of decline
Outbound shipments in November this year stood at $23.43 billion, against $25.77 billion in the same month a year earlier
 "India's exports fell 9% in Nov, in second straight month of decline")
Global trade shows signs of rebound from Covid-19, recovery uncertain: WTO
Trade growth in Covid-19 related products was strong in June and July, showing the global economy's ability to help governments obtain supplies
 "Global trade shows signs of rebound from Covid-19, recovery uncertain: WTO")
World commercial services trade shows resilience despite momentum loss: WTO
4.3 per cent dip in services trade in first quarter of 2020 was not as much as earlier anticipated
 "World commercial services trade shows resilience despite momentum loss: WTO")
IMF says Covid-19 economic crisis 'far from over', more support needed
The IMF has provided emergency funding to 75 countries, including 47 low-income countries, and said it was ready to provide further support to a wider range of middle-income countries
 "IMF says Covid-19 economic crisis 'far from over', more support needed")
