Page 12 - Global Trade

India's changing corporate landscape

We are in the early stages of an extraordinary episode of rapid scaling up of new companies

Suez Canal to seek over $1bn compensation for losses caused by stuck ship

Egypt's Suez Canal Authority (SCA) said that it will seek over $1 billion in compensation for the losses caused by the massive container ship which had blocked the vital waterway since March 23

On recovery path: WTO pegs trade growth at 8% in 2021, highest in a decade

Says growth will slow to 4% in 2022 as effects of the pandemic will be felt

World trade to see strong but uneven recovery, to grow by 8% in 2021: WTO

WTO said that global trade is primed for a strong but uneven recovery after the Covid-19 pandemic shock, forecasting an increase in the volume of world merchandise trade of 8 per cent this year

The Suez Canal crisis is over, now it's time to add up the damages

Delays are adding to pressures on fragile global supply chains

Probe underway, a day after cargo ship freed in Egypt's Suez Canal

Experts boarded a colossal container ship that had been stuck for nearly a week in the Suez Canal before it was freed as questions swirled about the grounding that shook the global shipping industry

Traffic in Egypt's Suez Canal resumes after stranded ship refloated

With the 400-metre-long (430-yard) Ever Given dislodged, 113 ships were expected to transit the canal in both directions by early Tuesday morning, Suez Canal Authority (SCA) chairman Osama Rabie said

Giant container ship blocking Suez Canal finally freed after 6 days

Data estimates say it could take more than 10 days to clear the backlog of ships with more than 367 vessels piled up on either end of the canal

Oil rises on hopes of stable OPEC+ output, fears of long disruption at Suez

Brent oil rose 58 cents, or 0.9%, to $65.15 a barrel by 1048 GMT. U.S. crude was up 40 cents, or 0.7%, at $61.37 a barrel

Egypt's Suez Canal blockage adds to pressure points in global trade

Delays in freeing a mammoth container ship stuck in Egypt's Suez Canal have highlighted still more pressure points in global trade, a year after supply chains were disrupted by the pandemic

Insurance companies on hook for millions tied to Suez Canal crisis

Two tugboats speed to the canal, dredgers have shifted 27,000 cubic metres of sand

Suez Canal ramps up efforts to end blockage, US watching energy mkt impact

CAIRO (Reuters) - The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an earlier attempt failed to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains for everything from grains to baby clothes.

Centre chalks out four-point strategy to clear Suez Canal blockage

According to the government's assessment, total backlog at the waterway is likely to be cleared in a week' time

A ship stuck in Suez

On Tuesday morning, the container ship Ever Given ran aground while navigating the Suez Canal. It swung sideways, blocking almost the entire channel. It hasn't been refloated yet

Maritime traffic jam grows outside blocked Suez Canal

A maritime traffic jam grew to more than 200 vessels Friday outside the Suez Canal and some vessels began changing course

Suez Canal steps up efforts to remove blockage, shipping rates surge

CAIRO (Reuters) - The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an earlier attempt failed to end a blockage that has lifted shipping rates for fuel tankers and disrupted global supply chains for everything from grains to baby clothes.

The Suez Canal: A vital oil transit route with an ancient history

The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.

Oil prices recover some ground on fears Suez blockage may last weeks

Oil reversed a sharp sell-off a day earlier to rise 1% on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude

Suez blockage sets shipping rates racing, oil and gas tankers diverted away

Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway

Suez Canal could be blocked for weeks by stuck 'beached whale' ship

A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel in a new setback for global trade