Legit.ng on Nostr: Impact of Baltimore port closure on global supply chains ========== The closure of ...
Impact of Baltimore port closure on global supply chains
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The closure of the Port of Baltimore due to a bridge collapse has raised concerns about its impact on the global supply chain. Baltimore is among the top 20 ports in the US by tonnage and number of containers handled. Last year, it handled a record 1.1 million 20-foot equivalent units (TEU) of containers. The closure is expected to primarily impact US exports of coal and imports of cobalt. The port is a key hub for the auto industry, handling the most autos and light trucks of any US port. German auto giants Volkswagen and BMW said their operations were not affected, but Mercedes-Benz is no longer reachable by sea. The closure is not expected to have a significant impact on trade between the US and Europe, as the volume of containers can be diverted to neighboring ports. The closure may cause tightening of shipping fuel supplies on the Atlantic Coast. The duration of the closure is estimated to be 10 to 15 days.
#Baltimore #PortClosure #GlobalSupplyChains #BridgeCollapse #CoalExports #CobaltImports #AutoIndustry #ShippingFuelSupplies
https://www.legit.ng/business-economy/economy/1585816-impact-baltimore-port-closure-global-supply-chains/
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The closure of the Port of Baltimore due to a bridge collapse has raised concerns about its impact on the global supply chain. Baltimore is among the top 20 ports in the US by tonnage and number of containers handled. Last year, it handled a record 1.1 million 20-foot equivalent units (TEU) of containers. The closure is expected to primarily impact US exports of coal and imports of cobalt. The port is a key hub for the auto industry, handling the most autos and light trucks of any US port. German auto giants Volkswagen and BMW said their operations were not affected, but Mercedes-Benz is no longer reachable by sea. The closure is not expected to have a significant impact on trade between the US and Europe, as the volume of containers can be diverted to neighboring ports. The closure may cause tightening of shipping fuel supplies on the Atlantic Coast. The duration of the closure is estimated to be 10 to 15 days.
#Baltimore #PortClosure #GlobalSupplyChains #BridgeCollapse #CoalExports #CobaltImports #AutoIndustry #ShippingFuelSupplies
https://www.legit.ng/business-economy/economy/1585816-impact-baltimore-port-closure-global-supply-chains/