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FBX Index: Current Market Summary | Hellenic Shipping News Worldwide

FBX Index: Current Market Summary | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Afternoon Coffee: GM semiconductor shortage; Container cost; Uber

Adobe Stock General Motors said it will extend production cuts at three of its North American plants until at least mid-March because of a semiconductor chip shortage around the world, according to Reuters. The company also said vehicles at two other factories will be only partially built in the meantime. GM did not disclose the impact on its volumes or indicate which supplier and vehicle parts were affected by the shortage. The company did say that it will focus on keeping production running at plants manufacturing the highest profit vehicles: full-size pickup trucks and SUVs, Reuters said. It aims to make up as much lost production as possible once the shortage eases.

Container shipping sector navigates Covid pandemic | Daily Express Online

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