06 AUG 2019 Economic warfare is being fought with an intensity not seen since the period leading up to World War II as countries deploy tariffs, embargoes and economic sanctions to force policy changes or punish their adversaries. Free trade is coming off second best, and global trade has stalled. …
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05 AUG 2019 The Swedish tanker operator Stena Bulk protested the continued detention of the UK-flagged Stena Impero by Iranian authorities, describing the action as “unacceptable and unjustifiable.” The vessel has been in Iranian custody for 19 days. “We are maintaining limited communication with the crew onboard and although they remain in …
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04 AUG 2019 The sharp escalation in the US/China trade war could see some short-term front-loading gains for transpacific carriers on the headhaul route, but it spells trouble longer-term, particularly on the backhaul. Hitting back at President Trump’s Twitter announcement last week of a 10% tariff on a further $300bn …
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03 AUG 2019 Harland and Wolff, the Belfast shipyard that built the Titanic, was put into administration on Monday after its bankrupt Norwegian owner failed to find a buyer and calls for its nationalization were rebuffed. The shipyard, whose towering yellow cranes dominate the Northern Irish city’s skyline, has been …
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02 AUG 2019 A Spanish charity rescue boat sought safe port on Friday after Italy rejected its request to disembark 124 people saved from two migrant rafts in the Mediterranean, the organization said. Non-governmental organization (NGO) rescue boats have largely disappeared from the Mediterranean over the last year as governments …
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01 AUG 2019 Royal Dutch Shell is not taking any British-flagged tankers through the Strait of Hormuz amid heightened tensions with Iran in the vital chokepoint for oil shipments. “There are Shell-managed vessels in the Strait of Hormuz and that will probably continue to be the case. Currently, though, there …
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