Press Review

Baltic Dry Index falls to 3054 down 38 points

Today, Tuesday, May 19 2026, the Baltic Dry Index decreased by 39 points, reaching 3054 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for…

Mitsui E&S reports record operating profit

Mitsui E&S Co., Ltd. reported strong financial results for the fiscal year ended 31 March 2026, supported by growth across its core marine propulsion and logistics systems businesses. The Japanese…

From Jack Sparrow to Bride of Chucky, Iran’s video jibes at Trump are online hit in China

The Iranian embassy in Beijing has released an animated rap video featuring internet memes and pop culture to mock US leaders and celebrate Iran’s warm ties with China. The two-minute…

Philippine navy’s ‘aspirational’ middle power claim comes under scrutiny

The Philippines’ claim that it is now among the middle tier of Southeast Asian maritime powers after two decades of modernisation has come into question, with analysts saying that its…

Target taps former Walmart exec as supply chain, logistics chief

Jeff England, who worked to improve inventory availability at QXO, will join the retailer on May 31 as it seeks to strengthen in-stock reliability.

Iran hosts mass weddings for couples volunteering for wartime sacrifice

Iranian authorities held mass public weddings in Tehran for couples who signed up to a state-sponsored scheme declaring their readiness to sacrifice their lives in the war against the US…

Air cargo squeezed between AI boom and helium supply crisis

The biggest growth sector in air cargo could face significant challenges if the Strait of Hormuz remains closed.  The rapid expansion of AI infrastructure is creating a new, and largely overlooked, risk for…

SCOTUS broker liability ruling a tailwind for Samsara’s safety platform

Provably safer trucking capacity will fetch a premium on the market. The post SCOTUS broker liability ruling a tailwind for Samsara’s safety platform appeared first on FreightWaves.

China and US to hold dialogue on AI governance, Beijing confirms

China and the United States will hold a formal dialogue on improving governance of artificial intelligence (AI), as the two countries seek to manage the risks posed by the rapidly…

AMD CEO’s meeting with China’s vice-premier raises optimism about US AI chip imports

A recent meeting between Chinese Vice-Premier He Lifeng and Advanced Micro Devices (AMD) CEO Lisa Su signals a potential loosening of US chip export policies, which could reopen high-end semiconductor…

MTR Corp on track with new Tung Chung West station

Hong Kong’s MTR Corporation will largely complete the main structure of a new station on the Tung Chung line by the first half of 2027, using “community-friendly” construction measures to…

Extra loaders and rising rates as early peak season gets under way

An early peak season is materialising, and mainline operators are planning extra loader sailings to meet shippers’ heightened requests. On Friday, the Shanghai Containerised Freight Index showed a 19% week-on-week…

Congestion sees carriers make last-minute terminal shuffles at JNPA

The pressure of terminal congestion at India’s Nhava Sheva Port (JNPA) is seeing carriers declare ad-hoc or temporary berthing window adjustments. Maersk told customers its two upcoming MECL voyages on…

China confirms death of hypersonic weapon expert Fang Daining, 68, in South Africa

Fang Daining, a leading and at times controversial figure in China’s hypersonic weapons research, died earlier this year, the Chinese Academy of Sciences (CAS) confirmed in an obituary released on…

Alert to shippers, with cargo theft threat ‘high, and on the rise’

Despite a year-on-year decline in overall US cargo theft – for the first time since 2021 – supply chain security specialists are warning that organised criminal groups are becoming more…

Hapag-Lloyd introduces emergency fuel surcharge for Australia rail services

Hapag-Lloyd has announced the introduction and adjustment of an Emergency Fuel Surcharge for inland rail and combined rail services in Australia. The carrier said the measure follows continued volatility in…

Amazon faces class action on (lack of) tariff refunds

Amazon, the sixth-largest containerized importer into the United States, is being sued by consumers who say it raised prices to cover tariffs the Supreme Court later struck down, and then…

Non-traditional bidder tops titans’ bids in Hong Kong land sale with ‘aggressive pricing’

Hong Kong construction and engineering company Able Engineering has secured a residential site in Tung Chung for a higher-than-expected HK$1.627 billion (US$207 million) premium, outbidding five groups of major developers…

South Korea’s Lee hails ‘deep friendship’ as he hosts Japan’s Takaichi in hometown

South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi held their fourth meeting in about six months on Tuesday, underscoring the need for greater cooperation between the…

India to monitor Boeing fuel-switch test tied to Air India London incident, documents show