US retailers look to consumers to save an industrial sector in the doldrums
US consumers are expected to step into the breach again to generate higher volumes of ...
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Splash 24/7 is reporting that the US has “warned” Greece, and other Mediterranean ports that assistance to Grace 1 (now known as Adrian Darya 1) will be seen as the provision of material support to Iran’s revolutionary guard. The US deems the IRG an foreign terrorist organisation and failed to block the UK’s decision to release the vessel from arrest in Gibraltar yesterday, following seven weeks of detention. While not a containership, the stoking of tensions represent a potential nightmare for global sea freight with the Straits of Hormuz a vital passage for world trade.
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