As much as 5 Billion each day according tojpmorgan analysts. Us retailers, automakers and other businesses now face Ballooning Freight rates ahead of the crucial festive shopping season. Large retailers have pulled forward imports of much of their Holiday Merchandise and made reservations with west Coast Ocean and Rail Carriers in hopes of avoiding any disruption. Lets speak to peter sand, chief analyst at xeneta, an Ocean Freight analytics firm. Hello to you. I know you have already calculated what this could mean if the Strike Action goes ahead, so do tell us more. A disruption like this always comes at a bad time for European Exporters into North America as well as North American exporters out of thE East Coast And Gulf coast. It will be impacted at first but this seems to be a first for almost 50 years, has the potential not only to lift Freight Rates higher due to the disruption from the strike, but certainly also to have wider implications, one or two months later down the road w
Marked a rapid escalation marked a rapid escalation of this conflict. Of this conflict. Israel says its air strikes in yemen, targeting power plants and the port of hodeidah, were their response to missile attacks by the iranian backed houthis. The houthi run health ministry says at least 4 people were killed and 29 wounded. Translation: we have no interest in expanding the war. We have no interest in looking for additionalfronts. But if somebody attacks israel, as the houthis have recently done with missiles and throughout the war with cruise missiles and drones, anyone who carries out such an attack, we will settle the account with them, and we know how to do it. Israel is not holding back its air force releasing footage as they set off for the raid. And earlier today, it says it shot down another drone launched from yemen. For the past year, the yemeni houthis have been trying to influence the conflict in the middle east. This is their commandos seizing a british owned ship in the
Israeli prime minister benjamin israeli prime minister benjamin netanyahu netanyahu about the widening offensive in the region. We have no interest in looking for additionalfronts. But if somebody attacks israel, as the houthis have recently done with missiles and throughout the war with cruise missiles and drones, anyone who carries out such an attack, we will settle the account with them, and we know how to do it. Israel is not holding back, its air force releasing footage as they set off for the raid. And earlier today, it says it shot down another drone launched from yemen. For the past year, the yemeni houthis have been trying to influence the conflict in the middle east. This is their commandos seizing a british owned ship in the red sea last november. They have long range missiles, are supported by iran and are fiercely opposed to israel. Speaking yesterday, the houthis military spokesperson yahya saree said they wouldn t stop until israel ended its aggression against gaza and
Must be avoided. Died aged 88. Must be avoided. He said he plans to speak the operation directed by israel s defence minister. Translation: we have no i interest in expanding the war. We have no interest in looking for additionalfronts. But if somebody attacks israel, as the houthis have recently done, with missiles and throughout the war with cruise missiles and drones, anyone who carries out such an attack, we will settle the account with them, and we know how to do it. Israel is not holding back, its air force releasing footage as they set off for the raid. And earlier today, it says it shot down another drone launched from yemen. For the past year, the yemeni houthis have been trying to influence the conflict in the middle east. This is their commandos seizing a british owned ship in the red sea last november. They have long range missiles, are supported by iran and are fiercely opposed to israel. Speaking yesterday, the houthis military spokesperson yahya saree said they wouldn t
Irans supreme leader said his death would be avenged as the country called for an Emergency Meeting of the un security council. This is the scene live in beirut this morning. The Israel Defense forces say they have carried out dozens of airstrikes on hezbollah targets overnight. President biden said the hezbollah Leaders Death was a Measure Ofjustice , as he reiterated calls for both sides to accept the terms of a 21 day ceasefire. With the latest, heres simonjones. If the israeli bombardment of Lebanon On continues by night and by day but the Big Question Is, what will israel, Hassan Nasrallah and the militant groups back in iran do next . The israeli Prime Minister described the killing of hezbollah S Leader as an historic Turning Point but said historic Turning Point but said his work is not done. Translation his work is not done. Tuna mom his work is not done. Translation ,. ,. , translation the state of israel eliminated translation the state of israel eliminated the translation