Winston Simpson, chief executive of the Rural Agricultural Development Authority, RADA, says falling water levels in Panama, which affect the ability of larger vessels to pass through the canal, will likely impact Jamaica in the fourth quarter, for.
Suez Canal Incidents: Over 300 vessels have opted for a 6,000 nautical mile diversion around the Cape of Good Hope in recent days. Consequently, transit durations, shipping costs, and insurance premiums have risen, posing a potential disruption to global production timelines. With the Houthi assault in the Red Sea looming over world trade, what solutions can be explored?
A new crisis is brewing in one of the world’s trade arteries, threatening to snarl supply chains and push up oil prices and broader inflation at a time of slowing economic growth.