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Global Trade & Economics: Page 6

Port of Los Angeles Tops 960K TEUs in July

Moving forward, Seroka predicted that it will likely be "steady as it goes" for the rest of 2026, with the port expecting to handle another 900,000 TEUs in August.

Los Angeles, California. Photo: iStock / KKStock

Oil Supertanker Earnings on Mideast Route Near $510K a Day

The earnings increase come as exporters in the Persian Gulf seek more vessels to deliver the abundant crude barrels they promised to Asian buyers.

A VLCC at sea. Photo: iStock/Teamjackson

Chinese Shipper Launches First Cargo Service Through Arctic

The 3,500 mile path cuts through the Arctic Circle, and more than halves the time it takes to sail between China and Europe.

Photo: iStock.com/lyash01

Court Lets Trump Halt Tariff Exemption for Low-Cost Goods

The Justice Department argued that lifting a suspension on tariffs that were already in effect was not the same as ordering new ones.

Photo: iStock/alvarez

BAE Systems to Pay $36M for Breaching U.S. Arms Export Regs

The Department has agreed to suspend $18 million of the penalty for remedial measures to strengthen BAE’s compliance program.

Two Royal Australian Air Force BAE Hawk 127 jet trainer aircraft taking off. Photo: iStock/Ryan Fletcher.

U.S. Claims Dozens of Countries Helped China Evade Tariffs

Illegal transshipment may involve relabeling, repackaging, re-invoicing, minor processing, false country-of-origin claims or other action, a White House report said.

Image: iStock/wildpixel

Maersk Capitalizes on 'Heightened Volatility' as Rates Surge

The ocean carrier brought in $15.8 billion in revenue in Q2, up from $13.1 billion a year earlier, while operating profit nearly doubled year-over-year to $1.6 billion.

Photo: iStock / Marina113

GM to Create $4.5B Safety Fund to Head Off Future Disruptions

The fund will be set up as a financing agreement that pre-funds the purchase of essential components, providing suppliers with the capital they need to stockpile parts.

Photo: iStock / JHVEPhoto

U.S. Climate Prediction Center Sees 69% Chance of Historic El Niño

Through March 2027, El Niño will likely bring above-normal temperatures to much of the Northern Hemisphere, including western North America and southern Europe.

Workers harvest blueberries at a farm near Huacho, Huaura Valley, Peru, on July 25. El Niño has formed across the equatorial Pacific, setting the stage for months of droughts, floods and temperature fluctuations that will threaten communities worldwide, along with agriculture and energy. Photographer: Marco Garro/Bloomberg

Iran Eyes Membership With BRICS Development Bank

If Iran were to join the NDB, it would become eligible for financing for a range of infrastructure projects across transportation, sanitation and urban development.

Photo: Aaron Schwartz / Bloomberg

BofA to Plow $250B Into Critical Infrastructure Projects

The investment is intended for projects including data centers and compute power, renewable power, energy storage, natural gas and critical minerals.

Energy Storage System. Photo: iStock/zhudifeng

IEA Warns Global Oil Stockpiles Are Rapidly Depleting

The IEA now expects the global oil market to run a deficit of 1.8 million barrels per day in the third quarter, more than double its estimate from just a month ago.

Image: iStock/Thibault Renard

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