{
}
The Morning Midas car carrier, transporting about 3,000 vehicles from various Chinese automakers, caught fire off the coast of Alaska. Among the cargo were 800 electric vehicles, but Great Wall Motor's 140 vehicles were not EVs and were not on the deck where the fire occurred. All 22 crew members evacuated safely after attempts to extinguish the blaze failed.
Japan plans to propose enhanced cooperation with the U.S. on rare earth supply chains during upcoming tariff negotiations, influenced by recent Chinese export restrictions. The U.S. has shown willingness to reduce some tariffs, including the suspended 14% on Japanese goods, as Japan's chief tariff negotiator heads to Washington for discussions. Japan continues to push for a review of U.S. tariff policies, particularly the 25% levies on Japanese vehicles, crucial to its economy.
A car carrier named Morning Midas, sailing from China with approximately 3,000 vehicles, including 800 electric vehicles (EVs), caught fire in the Pacific Ocean off Alaska. The 22 crew members evacuated safely after attempts to extinguish the blaze failed. The incident underscores the heightened risks associated with transporting lithium-ion battery-powered vehicles, which can be particularly challenging to manage in case of fire.
Counterpoint Research has revised its forecast for global smartphone shipment growth in 2025, citing uncertainties surrounding tariffs as a significant factor. This adjustment reflects the ongoing challenges in the market that could impact future sales and production strategies.
Tesla is intensifying its strategy in India by leasing new warehouse space, signaling a commitment to expand its operations in the region. This move is part of the company's broader efforts to enhance its presence and logistics capabilities in the Indian market.
Qatar-based logistics startup ShipBee has raised USD 235K in pre-seed funding to enhance its AI-powered logistics platform and expand across the GCC and MENA regions. Founded in March 2024, ShipBee offers a unified logistics service, including apps and SaaS tools, aiming to transform the logistics landscape in alignment with Qatar's Vision 2030. The funding will support technological development and the implementation of new AI solutions to streamline shipping and delivery for businesses and consumers.
Indonesia plans to construct the world's first fully integrated electric vehicle (EV) battery ecosystem, valued at $6-7 billion, by June 2025. This project will encompass the entire supply chain, from nickel mining to battery cell production, aiming to capture more economic value domestically amid rising global EV demand.However, significant environmental challenges must be addressed, as battery manufacturing is associated with high CO2 emissions and resource-intensive processes. Indonesia's initiative reflects a broader trend among resource-rich nations to retain value-added processes and strengthen their positions in the global battery supply chain.
Russian billionaire Alexey Mordashov has stated that creating a domestic alternative to SAP software is both costly and time-consuming, yet crucial for survival. SAP, which has become Europe's largest company by market capitalization, has been integral to major Russian firms like Aeroflot and Russian Railways.
Coinbase was aware as early as January of a customer data leak linked to an outsourcing firm, with potential costs reaching $400 million. The breach, disclosed in a May 14 SEC filing, involved an employee of TaskUs in India taking photos of sensitive information on her work computer.
Tesla executives expressed concern after Elon Musk denied a report about the cancellation of a $25,000 electric vehicle, labeling it as false. This denial, while temporarily halting a stock decline, left senior managers confused about how to address inquiries from suppliers and investors. Musk's direct communication style continues to create governance challenges, reminiscent of past incidents that have drawn regulatory scrutiny, including a $40 million SEC settlement in 2018. As competitors launch affordable EVs, Tesla's absence in this segment raises questions about its market position and growth potential.
Supply Chain Management
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
car carrier fire off alaska involves thousands of vehicles including electric cars
12:15 05.06.2025
Japan seeks rare earth cooperation with US amid tariff negotiations
09:35 05.06.2025
car carrier carrying electric vehicles abandoned after fire in pacific ocean
05:27 05.06.2025
global smartphone shipment growth forecast revised due to tariff uncertainty
23:49 04.06.2025
Tesla expands operations in India with new warehouse lease
13:09 04.06.2025
Qatar's ShipBee secures funding to enhance AI logistics platform and expand
09:46 04.06.2025
Indonesia plans seven billion dollar electric vehicle battery ecosystem by 2025
01:39 04.06.2025
Russian billionaire highlights challenges of replacing SAP software for survival
20:20 03.06.2025
coinbase faces fallout from customer data leak linked to outsourcing breach
16:24 03.06.2025
Tesla executives express concern over Musk's denial of $25000 EV cancellation
07:50 03.06.2025
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Emerging Startups
Cryptocurrency Trends
Funding Rounds & Investments
Fintech Startups
Venture Capital Investments
AI Innovations
Retail and Consumer Goods
Global Trade Developments
Private Equity Deals
Economic Indicators
Crypto Adoption and Integration
Government Economic Policies
Market Analysis and Predictions
Crypto Policies and Governance
Product Launches
IPOs & SPACs
Macro-economic Trends
Countries:
Companies:
Nvidia Corporation
NVIDIA Corporation
Microsoft Corporation
Apple Inc.
SWIGGY LIMITED
Vecmocon Technologies Ltd.
Amazon.com Inc.
Medius Holdings Co., Ltd.
SITC International Holdings Company Limited
Firefly AB (publ)
Aeon Bank (M) Berhad Bhd
AF DOBRA, SICAV, S.A.
Alibaba Group Holding Limited
Getty Images Holdings, Inc.
Sunnova Energy International Inc.
QUALCOMM Incorporated
Alphawave IP Group plc
Grab2Go AS
HDB Financial Services Ltd.
Zhejiang Leapmotor Technology Co., Ltd.
Currencies:
People: