Tanker firms halt Red Sea traffic after U.S. strikes Houthi militants

Tanker firms halt Red Sea traffic after U.S. strikes Houthi militants

An Egyptian man sits and eats ice cream as he watches international cargo and tanker ships pass through the Suez canal Scott Nelson | Getty Images The companies are among the world’s largest operators of tankers for petroleum products such as gasoline, according to their websites. Stena Bulk also transports crude oil. “Considering these developments … Read more

Panama Canal drought moves Maersk to start using land bridge for cargo

Panama Canal drought moves Maersk to start using land bridge for cargo

A severe drought has led to water depth and weight restrictions on ships passing through the Panama Canal, and additional container surcharges imposed by ocean carriers on shippers for months. “Based on current and projected water levels in Gatun Lake, the Panama Canal Authority (ACP) has needed to make reductions to the amount and weight … Read more

Stock market today: Wall Street closes mixed after 7 straight weeks of gains

Stock market today: Wall Street closes mixed after 7 straight weeks of gains

Stocks end mixed on Wall Street as a seven-week winning streak cooled off By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers December 17, 2023, 11:29 PM ET • 4 min read Stocks end mixed on Wall Street as a seven-week winning streak cooled off. The S&P 500 added 0.5% Monday. The Dow was … Read more