This is the second time in about a month Maersk raised its forecast as the world’s supply lines are suffering from a number of disruptions.

As of May 26 — and for the first time in all of 2024 — water levels for Gatun and Alhajuela Lakes are above the mark recorded on the same date in 2023. 

A Chinese delegation traveled to the oil-rich Gulf state during the week of May 27, meeting Kuwaiti officials for “in-depth technical and field discussions.”

The IMO's resolution marks the first instance of the group addressing the issue since Houthi attacks in the Red Sea began in late 2023. 

With capacity stretched by more than five months of attacks on vessels in the Red Sea, the container shipping industry is scrambling to meet demand.

The U.S. Army Corps of Engineers says the project will now likely wrap up sometime between June 8 and 10.

The U.S. Department of Agriculture warned the border agent strike could have “significant impacts” for agriculture trade, producers and consumers. 

The renovated building will house 15,000 square feet of new work spaces, as well as areas that can be reserved for meetings, seminars, and classes. 

Ending container service at the Port of Portland would have made Oregon the only coastal state in the U.S. without a container terminal.

President Marcos said the Philippines is seeking greater participation in global value chains and increased foreign direct investments to sustain economic growth.