Latest news with #StephenGordon
CBS News
03-07-2025
- CBS News
Esparto residents describe fireworks explosions, saying "it felt like a bomb went off"
Some residents from the small Yolo County community of Esparto recounted what they witnessed during a fireworks explosion that has left seven unaccounted for. A property owner who lives less than half a mile away from where the explosions happened had his front windows blown out, saying it sent all his animals and workers on the property into a panic. The big boom was followed by dark clouds of smoke, fire and debris flying. The blasts sparked fires on the ground, engulfing nearby houses. "The shockwave was really alarming and damn near almost knocked the wind out of me and pushed me to the ground almost. It was really overwhelming," said Stephen Gordon, who works and live at Cadena Farm. Gordon was working in his garden at Cadena Farm, less than half a mile away from where the blasts were popping off, blowing out his front window and shutting off his water and power. "Once you saw the plume and kind of chaos afterwards, that's what it's been since then," Gordon said. "My husband works graveyards, so he was asleep and I was in the kitchen and it felt like a bomb went off," said Liz Steiner, who lives nearby. "It felt like something crashed into the house or something blew up. Well, something did blow up, we didn't know what it was." Steiner and her husband live about three miles away from the facility, and say the explosions damaged some of the stucco on their walls. "It was terrifying and then the explosions continued," Steiner said. "They kept going off, the big ones and small ones, and we could see the fireworks exploding from our house." "People out here definitely come together when they need to," Gordon said. "This was no different for sure." Devastating Pyrotechnics, the warehouse that caught fire, said that it will cooperate with the investigation in a statement posted to its website.
South China Morning Post
14-02-2025
- Business
- South China Morning Post
How will Trump's reciprocal tariffs affect Chinese shipping lines?
Chinese shipping lines and container manufacturers are facing further challenges and geopolitical uncertainties after US President Donald Trump rolled out a plan on Thursday to levy reciprocal tariffs on America's trade partners. The Shanghai Containerised Freight Index, a key benchmark for global shipping rates compiled by the Shanghai Shipping Exchange, fell 7.27 per cent last week to 1,758.82, marking its fifth consecutive weekly decline. The index peaked at 3,733.80 in July, as global shipping was affected by the Red Sea crisis . Houthi militants in Yemen launched attacks on shipping in the Red Sea, which leads to the Suez Canal, after the Israel-Gaza war began in October 2023. Stephen Gordon, managing director at shipping data provider Clarksons Research, attributed the drop in the index to seasonal factors, saying freight volumes had eased during China's Lunar New Year holiday. Container shipping rates rose in the fourth quarter of last year as businesses rushed to ship goods before the holiday and before new tariffs could be imposed by the United States. According to a report released by Clarksons on Monday, additional 10 per cent tariffs on imports from China imposed by Trump earlier this month could have an impact on up to 90 million tonnes of seaborne trade, accounting for 0.7 per cent of global maritime shipments. Gordon said container shipping was among the sectors most exposed to new US tariffs.
