live Pentagon: war costs climb to $37.5 billion
The United States has bombed Iran for an 11th consecutive night as the Pentagon says the war’s cost reach $37.5 billion. President Donald Trump thr...
Severe storms have disrupted cargo flows across Europe, shutting terminals and slowing vessel movements for some of the world’s biggest carriers.
Container shipping companies Maersk and Hapag-Lloyd said on Wednesday that heavy storms and snowfall were forcing ports to halt operations and divert vessels across key European routes.
Maersk reported disruptions in south-west and western Europe, saying conditions had also slowed deliveries to northern markets.
“The severe conditions are causing significant industry-wide disruptions,” the company told customers, adding that “vessels [are] sheltering and terminals having to stop operations or work with reduced productivity.”
A Maersk spokesperson said closures were affecting ports along the western coasts of Spain and Morocco, stretching up through the Bay of Biscay to Britain.
The company added there was no timeline for a full resumption of services. Hapag-Lloyd said it was experiencing “significant reductions” due to the weather.
The strain on operations has extended into open waters, with CMA CGM confirming last week that one of its ships lost 58 containers off Malta after unexpectedly strong conditions, with additional deck cargo damaged.
According to Reuters, Maersk and Hapag-Lloyd continue to operate multi-million-TEU fleets, with their new Gemini Cooperation expected to deploy more than 4.5 million TEU of combined capacity across major trade lanes.
In its latest published results, Hapag-Lloyd reported transporting around 12.5 million TEU in 2024, while Maersk’s fleet capacity stands at roughly 4.1 million TEU, underscoring the scale of cargo moving through their networks.
Analysts say severe weather disruptions typically raise operating costs by slowing vessel movements, increasing fuel use and adding port congestion, and warn that even short interruptions in Europe can trigger wider delays across global supply chains and temporarily push freight rates higher.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 21st of July, covering the latest developments you need to know.
President Donald Trump said the United States will target Iran’s heavily fortified Pickaxe Mountain site “pretty soon” as he meets with Lebanese president Michel Aoun. Meanwhile, U.S. forces carried out a 10th consecutive night of strikes on Iran while Tehran continues to target Gulf countries.
Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier died in northern Iraq during a controlled detonation of an unexploded Iranian drone.
Azerbaijan has rejected suggestions it played any official role in reported private talks between former German politicians and Russian representatives in Baku, saying the meetings were organised independently.
Azerbaijani President Ilham Aliyev and German President Frank-Walter Steinmeier have discussed regional developments, transport connectivity, energy cooperation and the Azerbaijan-Armenia peace process during talks in Berlin.
A satirical online campaign has become one of the largest youth-led protest movements against Prime Minister Narendra Modi’s government, fuelled by anger over exam failures, unemployment and concerns about India’s education system.
Ukraine struck two more warehouses belonging to Russian online retailer Wildberries on Wednesday, the company’s co-founder and chief executive, Tatyana Kim, said, in the latest wave of drone attacks targeting Russia’s consumer infrastructure.
Wildfires continue to spread across parts of southern Europe, forcing evacuations and placing increasing pressure on emergency services in France, Spain and Italy.
New York City Mayor Zohran Mamdani called on the U.S. government to arrest Israeli Prime Minister Benjamin Netanyahu in a video released on Tuesday 21 July, describing the Israeli leader as a "war criminal."
European Union ambassadors will meet on Wednesday in an effort to reach a compromise with Greece and approve the bloc’s 21st package of sanctions against Russia over its war in Ukraine, EU diplomats said.
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