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...“In the short run, it could cause significant disruptions at the end of January, February and into March.” Maersk’s fuel bill will be 50 per cent higher as a result of ships taking the longer route....
...“It is vital to minimise the friction and disruption caused by the measures you are committed to introducing,” he wrote....
Airport, metro and road traffic disruption continue in financial centre even as skies clear
...China’s commerce minister has warned that “rising protectionism”, geopolitical “disruptions” in the Red Sea and slack demand were driving a “more complex and severe” global trade environment this year....
...Rail passengers in the UK face a wave of disruption after train drivers launched a new round of strikes in a long-running dispute over pay.Members of the Aslef union began a series of three one-day walkouts...
...AP Møller-Maersk plunged to an operating loss in the fourth quarter, the container shipping giant said on Thursday, as it warned it would also end this year in a loss even with the current disruption in...
...Pepco, owner of the Poundland retail chain, has warned that disruption in the Red Sea is leading to higher freight costs and could hit product supply....
...Volvo’s disruption comes after Tesla was forced to pause its German plant last week because of shipping of parts....
Tumultuous change creates risks and opportunities for incumbents in the industry
...The Biden administration has warned of a lengthy disruption to one of the US’s busiest ports, as carmakers reroute their shipments and insurers brace themselves for multibillion-dollar claims following the...
...“This will leave Europe more reliant on east-of-Suez barrels, and that’s why the disruptions to shipping in the Red Sea will have a huge effect,” said Natalia Losada, an oil products analyst at Energy Aspects...
First high-level visit to continent in seven years as Beijing and Canberra try to stabilise relations
Also in today’s newsletter, CIA to hold talks over Hamas hostages and 123mn US households tuned in to Sunday’s Super Bowl
...The disruption has arisen as critical ports have struggled to cope with the resulting sharp increases in “trans-shipment” traffic....
...Yemeni rebels are the latest ill wind to hit, causing disruption in the Red Sea with attacks on ships....
...These days the spirit of disruption is real, rather than metaphorical. A neighbouring building was badly damaged by a missile in spring 2022....
...“There is a potential for significant disruption on day one if all commodity codes are turned on at once,” it said....
Palestinian militant group seeks increase in humanitarian provision as condition of ceasefire agreement
...Airlines were also coping with a wave of disruption after hundreds of flights were cancelled across Sunday and into Monday morning....
Biden administration moves to redesignate Iran-backed group as a terrorist organisation
...But the disruption has been something of a gift to shipping lines. Danish containerline Maersk joined other groups and confirmed this week that transits along the route would pause....
...Next chief Lord Simon Wolfson, the Conservative peer and longest-serving FTSE 100 CEO, said: “If [disruption] persists for a long period of time, I think it will mean that we don’t have the optimum level...
...Passengers on the national rail network and London Underground face a period of fresh disruption after train drivers voted to launch a new round of industrial action....
...Commuters in the EU’s largest economy have also been enduring disruption from a farmers’ protest against government cuts to agricultural subsidies....
...Chief executive Fabrizio Freda blamed slower growth in Asia and “the risks of business disruption in Israel and other parts of the Middle East”....
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