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...Maersk is a bellwether of global trade, carrying about a fifth of ocean freight....
...That is up from about 50 per cent this spring, according to data from freight analytics company Kpler and insurance companies....
...The diversions have mainly affected services between Asia and Europe, although some services from Asia to the US east coast are also affected....
...The overall tax take will first have to rise to finance vital additional public investment, rescue public services in crisis and so catalyse more growth....
...A recent report by the Bank for International Settlements has explored this issue in depth....
...CSX, one of the biggest freight railroad companies on the east coast, said customers should expect delays due to the bridge collapse, adding that all international intermodal shipments destined for Baltimore...
...A US-led international coalition to provide security for freight is gaining momentum. Meanwhile water levels in the Panama Canal have improved slightly....
...International Container Terminal Services, a Filipino company, will run Durban port after a deal was clinched with unions to protect jobs....
...One thing: upward pressure on freight rates on the China-US west coast routes may be easing....
...The research organisation Global Trade Alert has launched a monitoring service for industrial policy together with the IMF: a joint paper on the subject is here....
...“International requirements [for companies to reduce their carbon footprint] are becoming horrendously important. Cargo owners [prefer rail] to trucks....
...First, that buccaneering Britain is going to find it hard when the seas of global trade are getting choppier by the day and their galleon is smaller than everyone else’s (see Thomas Sampson, below)....
...Flight delays cost fuel and time, while also holding up freight, which will require more capacity as logistics demand takes off....
...The backdrop is a more benign environment for manufacturing everywhere, with international freight activity rising and stable consumer demand across developed economies....
...But the Center for Global Development think-tank says the US contributes 0.2 per cent of gross national income to protect international waters, as against an average of 0.015 per cent of the world’s 40 most...
...More Russian oil than ever before is being transported on sanctions-circumventing tankers that exploit loopholes in international maritime regulations....
...Spot rates were about six times higher on average by the end of 2021 compared with 2020, said the International Transport Forum....
...There is a near-ban on movements of road freight to and from Russia and Belarus under EU sanctions, but no ban on moving goods by rail through the country....
...The company closed out 2023 with stronger-than-expected growth, thanks in large part to its Google Cloud services business....
...Revenue in other international markets fell by more than a third to £9.6mn because of an inventory buy-back in Australia and the refresh of the business set-up there....
...But data isn’t really like a normal traded service....
...The train and engine service members of the transportation division of the International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART-TD) voted to reject the five-year collective...
...Britain hopes to open up trade in whisky and cars to India as well as services and investment opportunities, while New Delhi wants better access for manufactured goods, services and work visas....
...Its logistics and supply chain services unit generated a fifth of the group’s overall sales and less than 5 per cent of profits in 2022....
...This could serve as a template for similar instances of international IP disputes....
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