Monday, 29 Mar 2021 01:59 PM MYT
“However, an extended disruption might worsen the container shortage situation, resulting in revenue recognition delay for glove makers,” it said in a research note today. On dividend payout, the firm said Top Glove has committed to a special dividend payout of 20 per cent, bringing its total dividend payout for the second quarter of FY21 to fourth quarter of FY21 to 70 per cent.
Given the importance of Egypt’s Suez Canal to global trade, the blockage will cause further disruption to the already strained global supply chain.
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Suez Canal Authority says stranded ship partially refloated | Malay MailCAIRO, March 2 — A massive container ship blocking Egypt’s Suez Canal for nearly a week has been partially refloated, the Suez Canal Authority (SCA) said, raising hopes the busy waterway will soon be reopened. The 400-metre long Ever Given became jammed diagonally across a southern section of...
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Asia shares edge higher, oil slips as Suez Canal ship re-floated | Malay MailSYDNEY, March 29 — Asian share markets edged higher today while oil prices slipped as the ship blocking the Suez Canal was re-floated, raising hopes the vital waterway could reopen and ease global shipping backlogs. The news added to optimism about world growth as markets look to President Joe...
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Diggers and dredgers struggle to free ship blocking Suez Canal | Malay MailISMAILIA, March 29 — Suez Canal salvage teams intensified excavation and dredging yesterday around a massive container ship blocking the busy waterway ahead of attempts to refloat it, with two sources saying work had been complicated by rock under the ship’s bow. Diggers were working to remove... The Egyptian government is not capable enough to handle this crisis. The Egyptian government and all of its machinery, has one and only capability, and that is to safeguard Zionists, occupying Muslim lands, the land of pure, the land of Palestine. Here all globe helps Egypt. Actually they have unloaded the containers first
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Suez Canal steps up efforts to free stuck vessel, US watches energy market impact | Malay MailCAIRO, March 27 — Dredging and tugging aimed at freeing a mega vessel stuck in the Suez Canal failed yesterday to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains for everything from grains to baby clothes. US President Joe Biden said his...
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Salvager hopes to free ship blocking Suez Canal by start of next week | Malay MailISMAILIA, Egypt, March 27 — A giant container ship grounded in the Suez Canal could be freed by the start of next week if heavier tugboats, dredging and a high tide succeed in dislodging it, a Dutch firm working to free the vessel said. The 400-metre long Ever Given became wedged diagonally...
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