Oil prices mixed amid economic concerns, Red Sea issues

Oil prices mixed amid economic concerns, Red Sea issues REUTERS / www.nasdaq.com 15.01.2024 Oil prices were mixed on Tuesday, after losses in the previous session, as markets weighed broad economic concerns against weather-related U.S. demand-supply issues and continued tensions in the Middle East that led to more tanker diversions. Brent crude futures rose 5 cents, or […]

Red Sea crisis explained: what is happening and what does it mean for global trade?

Red Sea crisis explained: what is happening and what does it mean for global trade? Source www.theguardian.com 19.12.2023 “Attacks from the Houthis on shipping vessels have increased in response to the war in Gaza, with BP halting all shipments of oil and gas through the region” Shipping has been disrupted by Houthi attacks on cargo […]

Maersk is back to business in the Red Sea even as competitors remain cautious

Maersk is back to business in the Red Sea even as competitors remain cautious Source www.thestreet.com 28.12.2023 “Houthi rebels have stepped up attacks in recent weeks, but the U.S. has also increased its military presence in the region” Shares of Danish shipping giant Maersk  (AMKBY)  took a hit Thursday following a report that the company would roll […]

DAF XD awarded ‘International Truck of the Year 2023’ Source

DAF XD awarded ‘International Truck of the Year 2023’ Source www.daf.com 19.09.2022 ‘New truck series for vocational and distribution transport sets new benchmark’ DAF’s New Generation XD series for vocational and distribution transport has been elected ‘International Truck of the Year 2023’. Harald Seidel, President of DAF Trucks, received the most prestigious award in the […]

A huge lag at China’s ports could spoil your holiday shopping this year

Eram Trans Transport and Logistics Netherlands Hague Containers Image

A huge lag at China’s ports could spoil your holiday shopping this year Source CNN News 18.06.21 Hong Kong (CNN Business) A coronavirus outbreak in southern China has clogged ports critical to global trade, causing a shipping backlog that could take months to clear and lead to shortages during the year-end holiday shopping season.The chaos […]

Suez Canal reopens after giant stranded ship is freed

Eram Trans NEWS IMAGE 3 - image of a bridge above the suez canal -- SOURCE BBC NEWA

Suez Canal reopens after giant stranded ship is freed Source CNN News 30.03.21 Traffic has resumed in Egypt’s Suez Canal after a stranded container ship blocking it for nearly a week was finally freed by salvage crews.Tug boats honked their horns in celebration as the 400m-long (1,300ft) Ever Given was dislodged on Monday with the […]