CAP CORTES

The river Mosel in western Germany, an important route for grains and rapeseed shipments, has been closed to inland waterways shipping after an accident that damaged a lock, navigation authorities said.A lock at Mueden south of Koblenz has been damaged after a vessel collision and repairs are likely to last until spring 2025, possibly around late March, the WSA agency said. The river will be closed to cargo shipping during this period.Traders estimated that about 70 ships are blocked because of the damage, possibly causing delivery disruption.The Mosel is an important route for grain and rapeseed shipments including to and from the French port of Metz, they said.

With a strike possible again next month at East Coast and Gulf Coast container ports and President-elect Donald Trump planning to increase tariffs, the nation’s major container ports are expected to see a continued surge in imports through next spring, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Either a strike or new tariffs would be a blow to the economy and retailers are doing what they can to avoid the impact of either for as long as they can,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

Taiwan raised its alert level on Monday saying China has set up seven zones of reserved airspace and deployed naval fleets and coast guard boats in what a security source described as the first military drills across a broad swathe of the region's waters.A senior Taiwan security official told Reuters that China currently has nearly 90 navy and coast guard ships in waters near Taiwan, the southern Japanese islands and the East and South China Seas, of which around two-thirds were navy vessels.Beijing's defence ministry did not immediately respond to a Reuters request for comment.

The crew of Panama-flagged cargo ship MV ISA STAR have been rescued in the Red Sea after sending a distress signal, the EU's Aspides naval mission said."All crew members aboard the MV ISA STAR have been rescued and will be transported to Djibouti, the nearest safe port of call," Aspides said in a statement posted on Facebook.The vessel had reported flooding in the engine room and the master requested assistance, it said, as its crew of 20 were forced to abandon it.One maritime security source told Reuters that the ship experienced engine problems and another source said that it had reported an internal explosion. Details on the current condition of the vessel were not immediately available.

How propane offers unmatched reliability and resiliency when severe weather strikesPorts are critical hubs for global trade and shipping logistics, and they can’t afford to slow down due to extreme weather events. Especially in the Northern U.S., winter storms bring extreme freezing temperatures that can quickly create issues for any diesel or electric engines powering port equipment. Meanwhile, ports along the Gulf Coast and Atlantic Coast must be prepared for hurricanes every year that can knock out the power grid and slow down operations for days, significantly impeding port operations.