Banking and Financial Services
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Transpacific Freight Rates Jump 10% Weekly Ahead of Scheduled September Increases•Shipping lines return to the Suez Canal amid Asian port congestion and relative calm in the Red Sea•Strait of Hormuz Crisis Escalates: UAE Tanker Seized and Gulf Crossings Drop from 91 to 73•Panama Canal Reduces Daily Transits Starting September 3 Amid Falling Water Levels•Canada Retaliates with 50% Tariffs on $20 Billion of U.S. Imports on September 8•Transpacific Freight Rates Jump 10% Weekly Ahead of Scheduled September Increases•Shipping lines return to the Suez Canal amid Asian port congestion and relative calm in the Red Sea•Strait of Hormuz Crisis Escalates: UAE Tanker Seized and Gulf Crossings Drop from 91 to 73•Panama Canal Reduces Daily Transits Starting September 3 Amid Falling Water Levels•Canada Retaliates with 50% Tariffs on $20 Billion of U.S. Imports on September 8•Transpacific Freight Rates Jump 10% Weekly Ahead of Scheduled September Increases•Shipping lines return to the Suez Canal amid Asian port congestion and relative calm in the Red Sea•Strait of Hormuz Crisis Escalates: UAE Tanker Seized and Gulf Crossings Drop from 91 to 73•Panama Canal Reduces Daily Transits Starting September 3 Amid Falling Water Levels•Canada Retaliates with 50% Tariffs on $20 Billion of U.S. Imports on September 8•Transpacific Freight Rates Jump 10% Weekly Ahead of Scheduled September Increases•Shipping lines return to the Suez Canal amid Asian port congestion and relative calm in the Red Sea•Strait of Hormuz Crisis Escalates: UAE Tanker Seized and Gulf Crossings Drop from 91 to 73•Panama Canal Reduces Daily Transits Starting September 3 Amid Falling Water Levels•Canada Retaliates with 50% Tariffs on $20 Billion of U.S. Imports on September 8•