Feature
Iran’s Islamic Revolutionary Guard Corps has seized two container ships operated by MSC Mediterranean Shipping Co. in the Strait of Hormuz, hours after the U.S. and Iran announced an extension of their ceasefire, according to an April 22 market update issued by Xeneta.
The vessels, the MSC Francesca and MSC Epaminondas, were detained while transiting eastbound through the strait, a critical shipping corridor linking the Persian Gulf with global trade routes.
Peter ...
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UN Trade and Development and the Maritime and Port Authority of Singapore have launched a partnership aimed at accelerating the shift to lower-emissions, more resilient port operations, as governments and operators face mounting pressure to decarbonize global shipping.
The agreement, announced April 22 in Geneva alongside ...
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U.S. Customs and Border Protection will roll out a new system this month to streamline refunds of duties imposed under the International Emergency Economic Powers Act, as importers seek clarity following recent court rulings and heightened enforcement activity.
The agency said it will launch the first ...
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The global economy risks being thrown off course by the war in the Middle East, with growth slowing and inflation rising as energy markets and trade flows face renewed disruption, the International Monetary Fund said.
The IMF projected global growth of 3.1 percent in 2026 and ...
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U.S. manufacturing extended its modest rebound in March, but rising cost pressures and a renewed uptick in inflation point to a fragile and potentially short-lived recovery, according to data from the Institute for Supply Management.
The Manufacturing PMI registered 52.7 percent in March, up from 52.4 ...
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The U.S. Surface Transportation Board has proposed sweeping changes to its permitting process aimed at accelerating rail infrastructure projects and reducing regulatory burdens.
The proposal, approved unanimously by the board, would mark the first major overhaul of the agency’s environmental review procedures in more than 30 ...
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President Donald Trump’s use of broad-based tariffs is facing renewed legal scrutiny as the U.S. Court of International Trade considers a challenge to his latest trade measures.
The New York-based court heard oral arguments April 10 over tariffs imposed under Section 122 of the Trade Act ...
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Global trade rose by about US$2.5 trillion in 2025 to a record US$35 trillion, a gain of roughly 7.5 percent, according to the United Nations Conference on Trade and Development.
Goods trade led the expansion, increasing about 7 percent and contributing roughly US$1.8 trillion. Services trade ...
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A near shutdown of the Strait of Hormuz is rapidly spreading strain across the global economy, hitting trade flows, driving up prices and tightening financial conditions, according to a new assessment from UN Conference on Trade and Development, or UNCTAD.
In its latest update released April ...
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Confidence among U.S. small businesses declined for a second straight quarter as concerns about inflation and the broader economy intensified, according to the latest index from the U.S. Chamber of Commerce.
The Chamber’s Small Business Index fell to 67.0 in the first quarter from 68.4 in ...
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