The marker, which multiplies the volume of cargo transported by the distance it sails, is heading for an increase of 5.1% compared to 2023.

The vote gives the union the authority to call for a strike within the next 60 days if ongoing labor negotiations with CN and CPKC fall through.

The dispute dates back to the opening of the terminal in 2021, when SC Ports attempted to use non-union state employees as crane operators.

Supply chain visibility platform Project 44 estimates that passages through the Suez Canal dipped by 80% between May 2023 and May 2024.

The DOJ has until July 7 to make a final decision on criminal charges against Boeing, stemming from a pair of deadly 737 crashes in 2018 and 2019. 

U.S. and U.K. bombing campaigns have failed to stop the attacks, and have instead led to vessels associated with the two countries being targeted more often.

The companies made the demand in a closed-door meeting with Beijing’s Ministry of Commerce on June 18.

Yemen’s Houthi militants managed to strike the MV Tutor with a seaborne drone, killing one crew member and injuring others.

The Iranian-backed militants struck the Verbena, a Ukrainian-owned, Polish-operated ship, in two missile attacks on June 13.

The attacks have impacted at least 65 countries and forced at least 29 major energy and shipping companies to alter their routes.