Why the Canadian Freight Rail Halt Will Roil North American Supply Chains August 22, 2024 By David Ljunggren Canada’s two main freight rail companies locked out around 10,000 of their Canadian unionized workers early on Thursday, starting an...
Markets/Coverages: Marsh Launches $50 Million Port Blockage Insurance Facility August 20, 2024 Marsh, the insurance broker and Marsh McLennan subsidiary, announced the launch of a first of its kind $50 million port...
French Shipping Company CMA CGM Loses 44 Containers in Tough Weather July 11, 2024 French shipping and logistics company CMA CGM said on Thursday that its ship “Benjamin Franklin” had lost 44 containers in...
German Port Workers Strike Could Cost $6 Billion in Lost Trade: Russell Group Analysis June 19, 2024 Port strikes at five key five German ports may cost $6 billion (£4.71 billion) in lost trade according to analysis...
Key Emerging Risks: Cascading Effects of Natural Disasters, Supply Chain Resilience June 12, 2024 By L.S. Howard Key emerging risks facing global economies, businesses and the re/insurance industry include the cascading effects of natural disasters, the weakening...
Full Repairs to Damaged Red Sea Internet Cables Delayed by Yemen Political Splits May 8, 2024 By Mohammed Hatem and Olivia Solon Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes...
Red Sea Disruption to Shipping Could Cut Asia-Europe Capacity by 20%: Maersk May 6, 2024 By Stine Jacobsen Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between...
Broker Howden Launches Red Sea Cargo War Insurance as Ship Risks Surge April 17, 2024 By Jonathan Saul Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile...
Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData April 5, 2024 The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed...
Panama Canal Drought Could Threaten Global Supply Chains, S&P Says April 4, 2024 By Marion Giraldo The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings...