Cargo owners consider airfreight alternative to Red Sea shipping delays

Global businesses, uncertain how long the shipping crisis in the Red Sea will last and with a looming shortage of vessels for the export rush before China’s New Year celebration, are scrambling to shift some ocean cargo to airlines, according to logistics specialists.

Major container lines have rerouted vessels around the Horn of Africa or docked them in safe locations to avoid the threat of drone and missile attacks by Yemen’s Iran-backed Houthi rebels in the Red Sea and Gulf of Aden. The Houthis say they are targeting vessels with links to Israel in support of Palestinians under siege in the Gaza Strip. Thirty percent of container volumes transit the Red Sea and Suez Canal shortcut between Europe and Asia.

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U.S weighs more tariffs on Chinese EVs, other goods

President Joe Biden’s administration is weighing a tariff increase on Chinese electric vehicles and other goods in an effort to make U.S. clean-energy products more competitive, according to people familiar with the matter.

Officials from the White House and various Cabinet agencies have been discussing whether to hike duties on certain Chinese exports, the people said. The talks are part of years-long deliberations that began shortly after Biden took office.

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Suez Canal at risk: What shippers should know

Shippers are facing yet another disruption as the year comes to an end, as the Suez Canal becomes a less viable route to move cargo.

Earlier this month, attacks on vessels traveling to the shipping channel through the Red Sea led major carriers to reroute ships or halt transit. And while an international operation is being coordinated to help secure safe transit for commercial vessels, logistics managers now find themselves assessing contingency plans until the situation is resolved.

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