Results for: Port

A potential shipping strike in the United States, the largest in decades, could lead to widespread supply chain disruptions, mirroring the chaos of 2021-2022, warns Northwestern University professor Ben Golub. Golub highlights the fragility of modern supply networks, emphasizing their interconnected nature and vulnerability to localized disruptions. The strike could have far-reaching consequences, impacting industries like semiconductor production and global trade, with companies already taking preemptive measures to mitigate the impact.

A deeper channel has been opened in Baltimore, allowing five of seven cargo ships stuck in the harbor to leave. The new channel is 35 feet deep, a significant improvement over previous temporary channels. Crews have cleared over 2,900 tons of debris to make the channel accessible. Officials hope to reopen the main channel in May after removing the grounded ship, the Dali, which caused the bridge collapse. The mayor and city council have called for the ship’s owners to be held liable for the economic impact of the closure.

A new port in Russia’s Murmansk region is set to be completed by 2028, bringing economic benefits to the area. The port, to be built by Belarusian investors, is expected to handle 25-30 million tons of cargo annually. The project is seen as part of Russia’s strategy to increase its economic ties with Belarus, which has maintained close relations with Russia despite the ongoing conflict in Ukraine.