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Cargo ship heading from Russia sustains leak in Sea of Azov, says Russian port agency

February 24, 2025 1 min read
author Anamika Mishra [Sub Editor]
A Liberia-flagged cargo ship transporting corn from a Russian port to Turkey is working to contain a water leak after sustaining a crack in the Sea of Azov earlier this week, Russia’s port agency reported.
 
The vessel, Pavel Grabovskiy, carrying 2,939 tons of corn, was en route to Turkey from the Russian port of Rostov when it alerted Russia's marine rescue center in Taman on Sunday. A crack had been discovered on the starboard side, leading to water ingress in the ballast tank, according to a statement from Rosmorport, Russia’s state agency for ports.
 
As of Thursday, water was being pumped out of the affected tank, and additional equipment was expected to be delivered to aid the process, the agency confirmed.
 
Rosmorport assured that there were no casualties, oil spills, or environmental pollution resulting from the incident.

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U.S. manufacturing saw an increase in January, driven by growing demand

February 13, 2025 1 min read
author Anamika Mishra [Sub Editor]
Logistics Global Trade
Read by: 10,238 Industry Professionals
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The GEP Global Supply Chain Volatility Index was -0.21 in January 2025, showing that global supply chains are running efficiently.

Key Takeaways:

North America: U.S. factories are increasing purchases, but Canada and Mexico are cutting back.
Europe: Manufacturing remains weak, especially in Germany, France, Italy, and the U.K.
Asia: Strong demand in China, India, and South Korea is pushing factories to full capacity.

Supply Chain Trends:

Material Shortages: Lowest in five years, meaning supplies are easy

to get.
Labour Shortages: Fewer workers, causing delays in orders.
Transportation Costs: Rising, now at a six-month high.

Overall, global supply chains are stable, but rising costs and labor shortages could cause future problems.

For more details, visit http://www.gep.com/volatility.

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