REOPENING THE PORT

Salvage crews work to lift first piece of collapsed Baltimore bridge

The steel truss bridge collapsed early on Tuesday morning, killing six road workers, when a massive container ship lost power and crashed into a support pylon. Much of the span crashed into the Patapsco River, blocking the Port of Baltimore's shipping channel.

Baltimore ship accident has East Coast ports scrambling to absorb cargo

Fallout from last week’s deadly bridge collapse, which indefinitely closed the nation’s 17th-largest port by total cargo tonnage and the busiest gateway for vehicles, is expected to be largely contained as neighboring facilities with spare capacity tweak their schedules.

Impact of Baltimore port closure on global supply chains

Authorities have warned that extensive work is needed before the major port can reopen following Tuesday's catastrophic cargo ship collision, which has blocked the harbour's entrance.

Baltimore bridge collapse: Six workers presumed dead; shocking sight to see

Six workers are missing and presumed dead after a cargo ship collision caused a Baltimore bridge collapse, leading to a major port closure. Search-and-rescue efforts have ceased due to dangerous conditions. The incident impacts car and coal supply chains, with over 2.5 million tons of coal at risk. Authorities plan to recover the workers' remains.

Baltimore bridge collapse to cause logistics headaches, not supply chain crisis

The impact on the Port of Baltimore's more than 2,000 workers who load and unload cargo vessels could be significant if the closure lasts more than a few days.

Cargo ship had engine maintenance in port before it collided with Baltimore bridge, officials say

A cargo ship in Baltimore crashed into a bridge, leading to fatalities among workers. The incident prompted investigations by multiple authorities and impacted the city's transportation and shipping industries, causing a ripple effect on local and national levels.

US Transportation Secretary Pete Buttigieg cites 4 transportation focuses after Baltimore bridge collapse

Joe Biden calls Baltimore bridge collapse 'terrible accident'

Biden said he would send "all the federal resources" needed to handle the incident, which occurred in the early hours of Tuesday. Six people -- all of them construction workers repairing the Francis Scott Key Bridge -- were missing, authorities said.

US-Canada border at Niagra Falls reopens after car blast

The US-Canada border at Niagara Falls reopened after a car explosion the day before prompted closures. The FBI ruled out terrorism in the high-speed crash and blast at Rainbow Bridge. Normal travel resumed, with debris scattered across lanes. The incident occurred on the eve of Thanksgiving, a busy travel period, affecting one of the busiest crossings. Governor Hochul noted extensive debris across up to 14 lanes.

RBI MPC, FII action, Q1 earnings among top 10 factors to drive Dalal Street mood this week

Plenty of data to be announced by the US this week including those on trade balance, CPI, initial jobless claims, wholesale inventories and consumer sentiments. The UK will declare industrial production, manufacturing production and GDP data. China will announce its FDI, CPI, producer price index (PPI) and trade balance data

Russia bombards Ukraine ports, threatens ships, jolting world grain markets

Russia jolted world grain markets with an escalation in the Black Sea, mounting a third straight night of air strikes on Ukrainian ports and issuing a threat against Ukraine-bound vessels to which Kyiv responded in kind.

West Coast port disruptions to extend to Tuesday amid labor rift

West Coast dockworkers and their employers have been holding labor contract negotiations for over a year, with the occasional slowdown or work stoppage interrupting the flow of cargo that goes through the US’s biggest import hub.

West Coast port terminals temporarily shut on labor shortage

Retailers, manufacturers and importers are avoiding shipping snarls, with respect to the the threat of union, by diverting goods to East and Gulf coast.

China and India keep Asia's crude oil imports robust in March: Russell

Asia's imports of crude oil stayed at relatively robust levels in March, as strong inflows to the top-importing region's heavyweights China and India offset weaker demand among some others buyers.

'Reset' or risky business?: EU leaders return to reopened China

Macron on his first trip to China since 2019, spoke to US President Joe Biden before the visit about trying to engage Chinese President Xi Jinping on hastening the end of the war in Ukraine started by Beijing's close ally Russia.

ETMarkets Smart Talk: In a rising interest rate environment deploy 60% in equity and 40% in debt: Apurva Sheth

Due to the nature of its political system, it can accelerate growth pedals faster than other countries and thus a lot of foreign liquidity could be moving to China from other Asian countries like India.

Why China's reopening isn't inflationary

"I don't think China's recovery or the reopening will cause any significant global inflation," said Chi Lo, senior market strategist for Asia Pacific at BNP Paribas Asset Management. A recovery is likely to be inwardly focused and unlikely to substantially lift the yuan, reducing the chances of pushing up export prices or driving price rises elsewhere, he added.

Investors privately talked about Adani issue; if they came out 5 years’ later, there'd be a bigger systemic risk: Rahul Chadha

“If over the next 5-10 years India becomes the third largest economy in the world, most of our companies would be subject to a lot more scrutiny. We saw that time and again, some of these short sellers come and write reports on Chinese companies. Some of the reports were true, some were sensational. Market took it in stride and wherever the reports were true, the stocks got impacted.”

Dalal Street rebounds sharply on buying in beaten-down bank stocks

“Today the market will be completely dominated by the movements in Adani stocks. The statement from Adani Enterprises that the FPO is on schedule and that there is no change in the price band is hugely important. This can be interpreted as a reflection of the confidence of the management in the success of the FPO,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Key trade route between Nepal-China reopens after nearly 3 years

The Chinese Embassy in Nepal released pictures of the ceremony and said in a statement that China looks forward to importing more goods from Nepal.

Shanghai port strives to keep global trade moving despite Covid

While there are delays of ship repairs at Zhoushan port and loading activities in Shanghai have slowed due to lower staffing, for the most part Chinese ports are continuing to operate, according to industry workers.

Shanghai port rebounds as lockdown loosens but backlog remains

As firms reopen there will be a rush to purchase raw materials, and then a flood of finished goods leaving factories as companies try to make up for lost time.

Nestle reopens factories, warehouses in central and west Ukraine

The Swiss-based group, which has three factories and around 5,000 employees in Ukraine, temporarily closed its operations last Thursday after Russian forces invaded in the biggest assault on a European state since World War Two.