global trade News

Agreement in Principle Reached Over Suez Canal Ship Dispute

ISMAILIA — The owners and insurers of a giant cargo ship that blocked the Suez Canal in March have reached agreement in principle in a compensation dispute with the canal authority, their representative and the canal’s chairman said on Wednesday. …

Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos

LONDON/LOS ANGELES — A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say. Dozens of container …