HMM is expected to report a sharp improvement in second-quarter earnings as stronger container freight rates offset higher fuel costs, Shinhan Investment & Securities said Wednesday. The brokerage estimated HMM’s second-quarter revenue at 3.28 trillion won ($2.21...

The Arabian Gulf has seen a further cycle of violence with attacks on ships and shore installations. Two tankers were struck while transiting the Strait of Hormuz, resulting in multiple casualties and one seafarer killed. Another chemical tanker was struck by an...

The U.S. will target bridges and power plants in Iran in response to any attacks by Tehran on ships in the Strait of Hormuz, U.S. President Donald Trump warned on Wednesday. In a social media post, Trump wrote: “From this point...