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...However, the continued reluctance of many shipping companies to sail through waters off Yemen has raised questions about what change in conditions might prompt shipping companies to start braving the area...
...Volkswagen had already put the marine terminal for its car carriers outside the Key Bridge....
...The responsibility for keeping the trade artery open between east and west no longer lies with commercial shipping companies....
...Both companies last week also paused transit through the Red Sea because of the threat of attacks....
...Zim, the New-York listed Israeli cargo shipping company, said last week that it was rerouting some of its vessels and warned customers of longer transit times....
...It added that the oil in transit originated in Canada....
...Twelve mainly Mexican companies participated in the industrial park auctions, with 30 bids across five sites....
...The Florida-headquartered company was fined $20mn in 2019 by US prosecutors over environmental violations....
...At the time of the incident, Refinitiv, the data provider, estimated that lost transit fees totalled less than $100m....
...Rail has also become cheaper than the marine alternative....
...A UK government spokesperson said there was a risk that some goods “may be delayed” in transit....
...VesselsValue said that by the afternoon almost 100 vessels were at anchor waiting to transit the canal....
...Refinitiv, a data provider, has estimated that lost transit fees totalled less than $100m....
...Leth Agencies, a transit agent in the Suez Canal, said the vessel was moving north to the Great Bitter Lake portion of the canal....
...The move is aimed at ensuring that Marine Le Pen’s far-right Rassemblement National does not take control of the southern Provence-Alpes-Côte d’Azur region....
...In a sign of the UK’s close defence alliance with Washington, 250 of the 1,600 crew will be members of the US Marine Corps who have already brought on board a popcorn machine....
...Rajesh Unni, chief executive of Synergy Marine Group, a Singapore-based ship manager that supplies crews for many commercial ships, said some governments had taken action, such as in the Netherlands....
...The bill sets out a 3.1 per cent pay rise for troops and creates a new Space Force as a sixth branch of the military, comparable to the navy, army or marines....
...Up to 30 UK-flagged vessels operate in the Gulf each day, of which five transit through the Strait of Hormuz....
...“We are aiming for 92.6m tonnes in transit by 2024 rather than 80m tonnes. And by 2030, we hope to add a significant part of international transit to that.”...
...You won’t find another port to replace it that easily,” said Bill Ralph, a marine economist at consultancy RK Johns & Associates....
...In the medium term there may also be a case for a pipeline that transits through Turkey....
...When goods in transit can “talk” to supply chain managers, it is easier to figure out where they are, what state they are in and their likely time of arrival at a destination....
...While waiting for the new capacity, state-owned utility company Perusahaan Listrik Negara will hire a marine-vessel power plant with a capacity of 240MW to supply the Northern Sumatra Network....
...Defence analysts warned that the detention of the Terrex vehicles, which are made by a Singapore government controlled company and are being trialled by the US Marines, could expose Singaporean military...
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