Opinions expressed by Entrepreneur contributors are their own. Retailers and distribution-oriented businesses are feeling the squeeze on their bottom line. Profit margins are under siege by escalating operational costs, due in part to the volatile price of energy and commodities and the ongoing labor shortage. With the Fed raising interest rates 11 times since March … Read more
ATHENS — A Greek-owned cargo ship struck a mine in the Black Sea on Wednesday as it was en route to Ukraine to be loaded with grain. The Panamanian-flagged vessel “Vyssos” was sailing toward the Ukrainian port of Izmail when it hit the explosive device in the Black Sea’s Danube Delta, according to several Greek … Read more
Anchal Vohra is an international affairs commentator and was based in Beirut until recently. The India-Middle East-Europe Corridor (IMEC) was launched on the sidelines of the G20 summit in New Delhi amid much fanfare. A key pillar of United States President Joe Biden’s Indo-Pacific and Middle East strategies, the American leader hailed the project as … Read more
The Ukrainian military on Tuesday said it blew up the Russian landing vessel Novocherkassk stationed in the occupied Crimean port of Feodosia. Russian authorities later confirmed that the warship had been severely damaged, and that one person was killed, two wounded and six people evacuated from their homes, Sergey Aksyonov, the head of the regional … Read more
Iran denied on Saturday US accusations that it was involved in planning attacks by Yemen’s Tehran-aligned Houthi movement on commercial vessels in the Red Sea, the semi-official Mehr news agency reported. The repeated denial, issued by Iranian deputy foreign minister Ali Bagheri Kani, came after the White House said Tehran was “deeply involved” in … Read more
An American destroyer intercepted four drones fired by Houthi militants into the busy shipping lanes of the Red Sea, during a chaotic evening of strikes that hit at least one foreign-owned oil tanker. In a statement issued Sunday, U.S. Central Command said its navy had “shot down four unmanned aerial drones originating from Houthi-controlled areas … Read more
Jamie Dettmer is opinion editor at POLITICO Europe. It was February 1991, and the crew of the British frigate HMS Gloucester was scrambling, trying to knock out an Iraqi Silkworm missile heading toward the USS Missouri — a World War II-era battleship recommissioned by former United States President Ronald Reagan. The extreme jolt from the … Read more
In light of the constant Houthi attacks on commercial vessels sailing near Yemen’s coasts, several shipping companies have announced in recent days that they will halt their ship flow through the Suez Canal until sailing in the Red Sea is safe again. For more stories from The Media Line go to themedialine.org If this … Read more
GREEN AND DIGITAL SHIPPING CORRIDOR The memorandum of cooperation to establish a green and digital shipping corridor was signed by Singapore’s Acting Transport Minister Chee Hong Tat and Japan’s Minister of Land, Infrastructure, Transport and Tourism Saito Tetsuo. This memorandum marks the first green and digital shipping corridor established between Singapore and Japan to develop … Read more
