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Relief Coming to Shipping Disruptions

Relief Coming to Shipping Disruptions

As the Houthi attacks in the Middle-East has caused massive disruptions for shipping from Asia and the surrounding region as well as skyrocketing shipping costs, relief is in sight.

New shipping containers that were ordered 2-3 years ago are ready to come online and help relieve the disruptions caused by the attacks by the Houthi rebels.

U.S. Throwing Funding into EV Game

We’ve covered a lot about how Canada has been aggressive in attracting investment for the EV supply chain, not to be outdone, the U.S. Energy Department approved $710 million in loans to EV tech ventures.

U.S. Investing in Upgrading Port Infrastructure

The U.S. government announced plans to invest $20+ billion over five years to replace Chinese-made cranes at U.S. shipping ports with American made cranes.

Currently, 80% of cranes used at U.S. ports are made in China and can be controlled remotely with software which has stoked fears of security issues.

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