UNILATERAL, BUT CARRY WEIGHT “Unlike United Nations’ sanctions, US sanctions are unilateral,” explained S Rajaratnam School of International Studies research fellow Muhammad Faizal Abdul Rahman. “But they carry significant weight as the US is the largest economy in the world by GDP (gross domestic product) and it is the global power that dominates the international … Read more
The dockworker strike across the East and Gulf Coast ports is over — for now. The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) are going back to work Friday after unveiling that they reached a tentative agreement on wages and agreed to extend their current master contract until Jan. 15. With … Read more
On a warm spring night in Athens, shortly before midnight, a senior executive at a Greek shipping company noticed an unusual email had landed in his personal inbox. The message, which was also sent to the manager’s business email address, warned that one of the company’s vessels traveling through the Red Sea was at … Read more
Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks. The contract between the ports and about 45,000 members of the International Longshoremen’s Association expired at midnight, … Read more
Under the proposed legislation, which was scrutinized at a Cabinet meeting in Rome on Friday and is set to be approved next week, search-and-rescue aircraft departing or landing in Italy must inform the authorities of any emergency immediately and follow their instructions. Failure to comply could lead to fines, seizure or confiscation of the aircraft. … Read more
Meanwhile, Vietnam has been allocated seed funding worth $2 million by the U.S. for semiconductor development initiatives, and there’s been increasing cooperation between Vietnamese and American companies on chip manufacturing. Not to be left behind, Infineon has also decided to expand hiring by hundreds in its Vietnam office as well. All this sounds positive — … Read more
Beijing claims the democratically governed Taiwan as its own and says the strait is within Chinese jurisdiction. Germany’s Defense Minister Boris Pistorius defended the transit on Friday. “International waters are international waters,” Pistorius said during a press conference with Lithuanian Defense Minister Laurynas Kasciunas. “It’s the shortest route and, given the weather conditions, the safest, … Read more
Iran sees a benefit to the Houthi attacks on shipping in the Red Sea. The Houthis began their attacks after the Hamas attack on Israel in October and have since attacked numerous ships. These attacks led the US and other countries to focus on protecting shipping. However, it has benefited Iran and Iran’s allies … Read more
Oil products tanker Sounion was attacked by two small boats and struck by three projectiles in the Red Sea off Yemen on Wednesday, causing damage to the vessel but no injuries, the Greek shipping ministry and UK maritime agency UKMTO said. Iran-aligned Houthi militants have launched a series of attacks on international shipping near … Read more
Congestion at Bangladesh’s largest seaport has made it more difficult for workers to unload containers from vessels on time, and delays in the arrival of export containers from depots have further complicated matters. According to Bangladeshi publication The Business Standard, vessels docked at the Chattogram Port could previously complete loading and unloading within 48 hours. … Read more
