Suez Canal latest: Grounded Ever Given container ship could be freed this week March 29, 2021 A giant shipping container blocking the Suez Canal could be freed by the start of this week, a firm working to free the vessel has said. The 400-metre long Ever Given became wedged in the canal on Tuesday, wreaking havoc for global shipping and forcing companies to reroute their vessels around Africa. The grounding has [...]
Suez Canal: Rescue mission to recover ‘beached whale’ ship could take weeks March 25, 2021 Suez Canal latest: Ever Given rescue efforts restart with traffic still blocked
Rapid build-up of tankers and laden vessels at blocked Suez Canal as alternatives are limited March 25, 2021 Overnight on Tuesday, the container Ship Ever Given ran aground in the southern part of the Suez Canal, a rare event in the history of the waterway. The potential for a rapid build-up of liquid and gas tankers in the region is marked with multiple laden vessels now indicating major delays for their Suez transit. As of this morning [...]
Oil prices shoot up after mega container ship blocks Suez Canal March 24, 2021 Oil prices soared higher this afternoon after one of the world’s largest container ships ran aground in the Suez Canal, blocking the major trade artery. While equity markets were largely quiet earlier today, global energy trading went into a frenzy as fears the blockage could disrupt shipment for days sparked speculation that oil supply could [...]
Next does it again: Profit forecasts upgraded for FIFTH time in a row January 4, 2024 Next has raised its profit guidance for the fifth time in a row thanks to a bumper Christmas trading period.
Suez Canal latest: Questions swirl about Ever Given’s grounding as ship is on its way March 30, 2021 Experts boarded the colossal container ship Ever Given this morning, which had been stuck sideways for nearly a week in the Suez Canal before it was dislodged last night. Questions swirl about the grounding that had shaken the global shipping industry and clogged one of the world’s most vital waterways. The Ever Given was safely [...]
Shoe Zone shares plunge as firm issues profit warning July 2, 2024 Shoe Zone has lowered its profit forecast after it said weaker demand for its products plus the soaring cost of shipping had compounded an already challenging trading environment.
Global trade at risk: Lloyd’s forecasts over $14 trillion economic fallout from conflicts October 9, 2024 Lloyd's of London warns that a potential geopolitical conflict could devastate the global economy, triggering $14.5 tn in losses over the next five years and upending global trade
Kenwood sales soar as shoppers flock to buy toasters and kitchen mixers online June 26, 2024 British kitchen appliances manufacturer Kenwood has seen a huge jump in sales with the company crediting the ever-growing number of customers buying its products online.
James Latham: Red Sea attacks dent timber supplier’s profit June 27, 2024 Timber distributor James Latham has taken a hit to its profit as shipping attacks in the Red Sea sent the cost of containers flying.