Shipping

The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times around Africa are disrupting and delaying deliveries of products.Vessels aren't able to come back to Asia in time, and ocean carriers are canceling sailings on short notice, both as a result of ship diversions, Honour Lane Shipping told clients in an email. Spring clothing, footwear, home goods, electronics, patio furniture and pool supplies are…

Wearable startup Humane AI laid off four percent of its employees before it has started shipping its Ai Pin, The Verge has reported. Leadership reportedly told employees that budgets would be lowered in 2024, according to sources familiar with the matter. The cuts were implemented earlier this week and affect around 10 people.On LinkedIn, CEO and co-founder Bethany Bongiorno called the cuts "part of a wider refresh of our organizational structure as our company evolves with purpose for this next phase of growth." She…

Ariel view of cargo container ships at port. Credit: IOP Publishing A new study published in Environmental Research: Infrastructure and Sustainability has found that green ammonia could be used to fulfill the fuel demands of over 60% of global shipping by targeting just the top 10 regional fuel ports. Researchers at the University of Oxford looked at the production costs of ammonia, which are similar to those of very low…

Apple announced its entry into a new product category with the Vision Pro at WWDC 2023. While that was an announcement, the actual retail launch was said to be in early 2024. Well, it's early 2024 now, and we're inching closer to the retail launch. It appears the headsets have begun shipping to distribution warehouses in the U.S.In his latest Power On newsletter, Mark Gurman said that Apple is likely to make an announcement about the Vision Pro next week. He also noted that the February launch was on track, with the…

The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023.Stringer | Bloomberg | Getty ImagesAttacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based in Yemen, carriers have already diverted more than $200 billion in trade over the past several weeks away from the crucial Middle East trade route, which, along with the Suez Canal, connects…

Danish shipping giant A.P. Moeller-Maersk said it will pause all transit through the Red Sea and Gulf of Aden until further notice following the attack on its vessel Maersk Hangzhou on Dec. 30.The shipping company said Tuesday that an investigation into the incident is continuing and that some vessels will be rerouted and continue their journey around the Cape of Good Hope in South Africa.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Danish shipping giant A.P.…

Near the end of the 1999 movie “Runaway Bride,” Julia Roberts, hops on the back of a FedEx truck fleeing yet another potential marriage.Those in attendance are dumbfounded but not surprised. The character played by Rita Wilson, the potential groom’s ex-wife, asks her husband, and the groom’s editor, played by Hector Elizondo: “Where is she going?”Elizondo responds: “I don’t know, but she’ll be there by 10:30 tomorrow.”If only it were that simple today.FedEx is now the only major air carrier that moves horses, but that…

Oh, that satisfying feeling of teaching a person a lesson by doing the same thing that they did to you. While revenge is almost never a good solution, we are still human, and it feels good to feel a small sense of victory over someone who did you wrong.Some folks tend to create different kinds of revenge plans, but sometimes the best one is simply doing the same thing that person did to you. For example, one Reddit user returned his neighbor’s new laptop to the shipping office after it was misdelivered, as the neighbor…

The Humane AI Pin is expected to start shipping in March. On Friday, the company posted on X (Twitter) that “those who placed priority orders will receive their Ai Pins first when we begin shipping in March.” The company had previously given an “early 2024” estimate for the screen-less wearable device designed to replace a smartphone.Humane, founded by former Apple employees Bethany Bongiorno and Imran Chaudhri, views the smartphone (still their ex-employer’s bread and butter) as on its last legs. “The last era has…

When it comes to holiday shopping, some people start squirreling gifts away mid-summer while others, well, others need the urgency of the deadline to embrace their inner elf. Honestly, there used to be one way that was inarguably the smarter option. However, the early shoppers aren’t the only ones holding the reindeers’ reins anymore. In 2023, you’re less likely to find yourself cruising the grocery store aisle at midnight on Christmas Eve, hoping for a solid craft item or some candles. There are better last-minute…