BIMCO said that, so far in February, the number of ships transiting through the Gulf of Aden and the Suez Canal is 50% and 37% lower than last year respectively.
The supply chain problems are expected to be exacerbated next month as China begins shipping again in earnest after its annual pause for the two weeks of lunar new year celebrations.
The order will give the Coast Guard authority to respond to malicious cyberactivity, require maritime vessels to bolster their cybersecurity and impose new rules on reporting cyber incidents at ports.
The Ivory Coast Cashew Industry Group asked for a renewed plan guaranteeing cashew suppliers up to 20% of the GTCI’s processing capacity at the beginning of each season.
Eighty-seven percent of respondents said that they are experiencing a shortage of Adderall or other generic drugs, which was slightly down compared to a similar survey conducted in September.
Maersk said that it has added about 6% more vessel capacity to its schedule to keep the flow of trade moving, further adding to the company’s operational costs.
Energy Secretary Jennifer Granholm said that the U.S. is currently updating its laws, including a 150-year-old mining regulation, to ensure the “sustainable and efficient” extraction of critical minerals.
The British Retail Consortium said that it had noticed a “temporary disruption” to some black tea lines, while an industry source suggested that some flavored lines had been delayed.