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Maersk and Hapag-Lloyd Resume Suez Canal Route Amid Security Concerns

Maersk and Hapag-Lloyd Resume Suez Canal Route Amid Security Concerns

Maersk and Hapag-Lloyd Resume Suez Canal Route Amid Security Concerns
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Yen on defensive as intervention impact fades; Aussie steady after RBA

Yen on defensive as intervention impact fades; Aussie steady after RBA

By Ankur Banerjee and Alun John SINGAPORE/LONDON, Aug 11 (Reuters) - The yen hovered close to the key 160-per-dollar level on Tuesday, as the impact of U.S.-Japan intervention continued to fade, while the Australian dollar held near an eight-week high after the central bank left rates unchanged as
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Chinese Shipping Companies Expand Arctic Route Operations

Chinese Shipping Companies Expand Arctic Route Operations

Chinese shipping operators are gearing up for an active season on the Northern Sea Route, with plans to conduct multiple voyages connecting China with Russia and Western Europe. This season, at least six operators are involved, with container services alone accounting for around 20,000 TEU of capacity. The route offers significant distance savings compared to traditional routes, cutting up to 6,500 nautical miles and 25 days off voyages. Companies like NewNew Shipping and Sea Legend are leading the charge, with plans to expand their Arctic operations despite previous setbacks, such as the NewNew Polar Bear incident.
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Yen intervention impact fades while Aussie dollar holds steady after interest rates held

Yen intervention impact fades while Aussie dollar holds steady after interest rates held

By Ankur Banerjee and Alun John SINGAPORE/LONDON, Aug 11 (Reuters) - The yen hovered close to 160 per dollar on Tuesday as the impact of U.S.-Japan intervention continued to fade while the Australian dollar held near an eight-week high after the central bank left interest rates unchanged, as
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Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecasts

Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecasts

TAIPEI, Aug 12 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, reported on Wednesday a 35% rise in second-quarter profit, beating analyst forecasts, on continued strong demand for AI, which it predicted would drive growth this year.
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Three killed in attacks on ships in Red Sea, Gulf, sources say

Three killed in attacks on ships in Red Sea, Gulf, sources say

By Mohammed Ghobari, Jonathan Saul and Nayera Abdallah Aug 11 (Reuters) - Three crew members were killed in a suspected attack by Iran-backed Houthis on a small cargo vessel in the Bab el-Mandeb strait on Tuesday while a container ship was hit by a missile off Pakistan in a suspected U.S. attack,
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US strikes targeting Houthis killed 153 civilians in Yemen last year, Pentagon review says

US strikes targeting Houthis killed 153 civilians in Yemen last year, Pentagon review says

A Pentagon review has found that U.S. airstrikes targeting Iranian-backed Houthi rebels in Yemen last year killed more than 150 civilians
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Treasury Wine swings to annual loss on US woes; shares whipsaw

Treasury Wine swings to annual loss on US woes; shares whipsaw

Aug 13 (Reuters) - Australia's Treasury Wine Estates swung to an annual loss on Thursday after writedowns in its U.S. business and said it expects 2027 earnings to be at least in line with the prior year, sending its shares lower in volatile trade.
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China's car sales extend slide as shift accelerates to overseas markets

China's car sales extend slide as shift accelerates to overseas markets

BEIJING, Aug 11 (Reuters) - China's car sales fell for a 10th straight month in July, though the pace of decline eased, contrasting with strong export growth as automakers step up overseas expansion to offset cut-throat competition in the world's largest auto market.
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IEA slashes 2026 supply forecast as Hormuz reopening remains elusive

IEA slashes 2026 supply forecast as Hormuz reopening remains elusive

By Robert Harvey LONDON, Aug 12 (Reuters) - Global oil supply will fall by 4.3 million barrels per day, or around 4%, this year, the International Energy Agency said in its monthly oil market report on Wednesday, as renewed hostilities in the Middle East are set to plunge the world deeper into an
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July US container imports hit fourth-highest on record, Descartes says

July US container imports hit fourth-highest on record, Descartes says

By Lisa Baertlein LOS ANGELES, Aug 10 (Reuters) - U.S. imports of containerized goods in July hit the fourth-highest level for the month, as shippers rushed in goods ahead of unknown U.S. tariff changes, supply chain technology ‌provider Descartes Systems Group said on Monday. 
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Chinese Shipping Companies Expand Arctic Routes Amid Growing Demand

Chinese Shipping Companies Expand Arctic Routes Amid Growing Demand

Chinese shipping companies are gearing up for an active season on the Northern Sea Route, with plans to expand their network to include major Western European ports. This expansion builds on previous connections between China and Russian ports in the Baltic and Arctic. Companies like NewNew Shipping and Sea Legend are leading this effort, deploying vessels such as the NewNew Panda 1 and Xin Xin Hai series to link China with Europe and Russia. The Ministry of Transport in China is also enhancing support by providing 72-hour ice forecasts to aid navigation. This development marks a shift from experimental voyages to more structured seasonal operations.