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Global Trade & Economics: Page 28

Cosco’s Profit Drops by Half as Lower Freight Rates Bite
“The conflict in the Middle East has posed significant challenges to the safety and stability of global shipping,” China’s biggest container liner said.
A Cosco Shipping Holdings container ship at the Port of Prince Rupert in British Columbia, Canada. Photographer: James MacDonald/Bloomberg
Japanese Crude Supertanker Manages Hormuz Exit in War First
The Idemitsu Maru began sailing late on April 27 toward the strait from northwest of Abu Dhabi, where it had been sitting idle for more than a week.
An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69
Surge in Diesel Prices Tightens U.S. Trucking Capacity
Although diesel prices in the U.S. have come down slightly in the latter half of April, there are still subtle pressures on the trucking freight market lurking under the surface.
Photo: iStock / Bim
GM Expects $500M Boost from Tariff Refunds
G.M. said it made $2.6 billion in the first quarter of 2026, a 6% decline from the same period a year ago.
Photo: iStock / JHVEPhoto
UAE to Leave Opec
The UAE has criticized fellow Arab states for not doing enough to protect it from numerous Iranian attacks during the Middle East conflict.
Image: iStock/William_Potter
Mideast Urea Output Slumps with Lack of Fertilizer Ships to Load
Since the Iran war began at the end of February, only 11 ships laden with fertilizer have transited the Strait of Hormuz.
Photo: iStock / Elena Perova
Iran Conflict Strains Circuit Board Supplies
A senior executive with South Korean PCB maker Daeduck Electronics said that the company has already started having conversations with customers regarding price increases.
Photo: iStock / Sergii Kolesnikov
Dual Hormuz Blockade Cuts Ship Transits to Near Zero
Oil is trading above $100 a barrel after efforts to resume peace talks stalled, leaving Hormuz almost impassable.
Photo: iStock / Dimitrios Karamitros
California’s Jet Fuel Stock at Three-Year Low
The West Coast is characterized as a “fuel island” because it’s not connected by pipelines to the rest of the country.
Photo: iStock/aapsky
India Mulls Options on Iran Port Stake Before Sanctions Kick In
Trump’s war with Iran since February has added a new layer of complexity in U.S.-India relations.
Photo: iStock/Oleksii Liskonih
Canada Could Nix U.S. Liquor Ban if Tariffs Are Relaxed
No Jack Daniels here. Aurora, Ontario, Canada. Photo: iStock/JulieAlexK
Phillips 66 Sending U.S. Oil on Foreign Vessel After Jones Waiver
No other foreign-flagged vessel has shipped U.S. crude from the Gulf Coast to the Atlantic Coast since Trump waived the Jones Act.
Photo: Bloomberg
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