Water levels on the Rhine in Germany fell again during hot dry weather over the weekend and cargo vessels cannot sail fully loaded, vessel brokers and commodity traders said on Monday. Shallow water is causing problems for shipping on the …
Water levels on the Rhine River are set to fall perilously close to the point at which it would effectively close, putting the trade of huge quantities of goods at risk as the continent seeks to stave off an economic …
Low water levels in the Rhine river may have a similar impact on German economic output as they did in 2018, according to Berenberg. That was the last year in which the river — a key waterway that’s critical for …
SHANGHAI – Over 90% of U.S. multinational firms surveyed by the American Chamber of Commerce (AmCham) in Shanghai have cut their annual revenue projections in the wake of the city’s grueling two-month lockdown, the business group said on Wednesday. Of …
A major water leak in central Japan on Wednesday disrupted supply to more than 130 businesses near the production center of Toyota Motor Corp. The accident in Japan’s manufacturing heartland threatened interruptions at major auto firms and power companies. A …
Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China’s COVID-19 lockdowns, Russia’s invasion of Ukraine and other strains cause even longer delays at ports and drive up costs. The study by …
The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers’ balance sheets, according to an AM Best report. The flooding brought widespread damage to regions of New …
The Lloyd’s re/insurance marketplace announced the next 11 insurtech start-ups that will join the eighth cohort of the Lloyd’s Lab in its 10-week program. Lloyd’s Lab, the market’s innovation accelerator, brings together insurtech, insurers, and brokers to test new, innovative …
Dangerous, expensive disruptions to shipping and many of the world’s roughly 3,700 ports are on the rise along with global temperatures. These events will increasingly threaten the sea routes that convey 80% of traded goods by volume, according a new …
Volkswagen AG has lost hope that many of its roughly 4,000 vehicles aboard a cargo ship that caught fire last week in the Atlantic can be saved. The automaker’s brands and dealers have started notifying customers that the U.S.-bound vehicles …
