“The seasonal factors of poor weather, ice, fog and the resulting delays come together to cause havoc to vessels’ itineraries and hence restrict the volume of vessels available for trade, ultimately pushing up rates,” the London-based shipbroker said in an e-mailed report today. “If the winter is as bad as the weather fraternity predict we could see earnings skyrocket.”
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Apple AAPL.O plans to shift the assembly of all iPhones sold in the U.S. to India as early as next year, pivoting away from China to avoid steep tariffs, the Financial Times reported, citing people familiar with the matter.
Denmark will spend about 4 billion crowns ($614 million) on building and procuring 26 navy vessels for patrolling, oil spill response and surveillance of undersea cables, Defence Minister Troels Lund Poulsen said on Tuesday.
ADEN/WASHINGTON, April 17 (Reuters) – U.S. strikes on Yemen’s Ras Isa fuel terminal on the Red Sea coast have killed at least 74 people in the deadliest attack since the U.S. started its...
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