-
Iran Threatens Strait Of Hormuz After US Bombs Its Nuclear Sites: Shipping Traffic Plunges
Monday, June 23, 2025 - 4:36am | 590Read More...As tensions continue to mount in the Middle East, maritime data from the region comprising key global shipping chokepoints is flashing red. What Happened: On Sunday, X user EndGame Macro, quoted a post sharing data that showed a substantial dip in vessel crossings through the Strait of Hormuz and...
-
Trump Demands Free Passage For US Ships Through Panama And Suez Canals, Assigns Marco Rubio To 'Take Care' Of The Situation
Monday, April 28, 2025 - 6:02am | 623Read More...In a recent post on Truth Social, President Donald Trump called for American access to two of the world's most strategic waterways, demanding that transit fees for US ships be removed immediately. What Happened: Trump wrote that “American ships, both military and commercial, should be allowed...
-
Oil Prices Bag Second Straight Week Of Gains On Red Sea Turmoil, But They're Still Off More Than 15% From 2023 Peak
Friday, December 22, 2023 - 12:33pm | 537Read More...Oil prices were set for a second straight week of gains on Friday as Red Sea tensions persisted following a series of attacks on commercial shipping in the region by Yemeni Houthi rebels. In early trade on Friday, the U.S. benchmark oil futures contract Nymex WTI was up 1.1% at $74.68 per barrel,...
-
Fintech Focus For April 28, 2021
Tuesday, April 27, 2021 - 6:45pm | 2055Read More...Quote To Start The Day: "People who succeed have momentum. The more they succeed, the more they want to succeed and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy."...
-
Fintech Focus For March 30, 2021
Monday, March 29, 2021 - 6:30pm | 1413Read More...Quote To Start The Day: Success usually comes to those who are too busy to be looking for it. Source: Henry David Thoreau One Big Thing In Fintech: In an effort to provide Brazilians better technology and infrastructure to access markets, Guru launched a free solution last year for accessing stock...
-
Ever Given, Giant Shipping Vessel Stranded On Suez Canal, Nearly Fully Re-Floated: Report
Monday, March 29, 2021 - 2:09am | 452Read More...The giant container ship Ever Given shipping vessel, after being stuck on the world's busiest trading channel Suez Canal for nearly a week, is near to being fully refloated by engineers on Monday, as per a report from Reuters. What Happened: The vessel's engines have restarted and...
-
Workers Making Some Progress In Refloating Giant Container Ship Blocking Suez Canal
Saturday, March 27, 2021 - 3:15pm | 410Read More...The giant container ship Ever Given remained stuck sideways in Egypt's Suez Canal for a fifth day Saturday. What Happened: On Saturday, authorities made new attempts to free the vessel and reopen the waterway. The New York Times reports that the container's rudder has been...
-
Fintech Focus For March 26, 2021
Thursday, March 25, 2021 - 7:45pm | 1751Read More...Quote To Start The Day: A lot of issues you see in America are really manifestations of classism. Simple shifts in individual behavior could reduce the wealth gap we have today. Source: Philip Michael One Big Thing In Fintech: According to recent reporting, the consumer trading frenzy could be...
-
The Panama Canal Is About To Double In Capacity
Thursday, August 20, 2015 - 2:10pm | 486Read More...As many may be aware, the Panama Canal is being expanded to double its capacity. The construction of a third lane has been on track since 2007, scheduled for completion in 2016. The new lane will be able to support: Containerships up 13,000 twenty-foot equivalent units (or TEUs), up from...
-
Brent Ticks Up As Tension In Africa Rises
Monday, December 16, 2013 - 9:18am | 333Read More...Brent crude oil rose over the weekend after Libyan oil ports remained closed, but as the Federal Reserve policy meeting drew nearer, gains were capped as taper expectations rose. The commodity traded at $109.18 at 4:15 GMT on Monday morning as investors anxiously waited to find out what the bank...
-
Brent Remains Above $109 On Chinese PMI
Thursday, August 22, 2013 - 7:14am | 336Read More...Brent crude oil remained above $109 on Thursday even as markets braced on speculation that the US Federal Reserve is planning to taper its bond buying plan in September. The commodity traded at $109.53 at 6:14 GMT after data from China signaled that the number two oil consumer was on the mend....
