Russia and Ukraine have stepped up attacks on each other’s commercial ships and ports in the Black Sea area, raising concerns about global grain supplies.

Moving forward, Seroka predicted that it will likely be "steady as it goes" for the rest of 2026, with the port expecting to handle another 900,000 TEUs in August.

The earnings increase come as exporters in the Persian Gulf seek more vessels to deliver the abundant crude barrels they promised to Asian buyers.

The 3,500 mile path cuts through the Arctic Circle, and more than halves the time it takes to sail between China and Europe. 

The Justice Department argued that lifting a suspension on tariffs that were already in effect was not the same as ordering new ones.

The Department has agreed to suspend $18 million of the penalty for remedial measures to strengthen BAE’s compliance program.

Illegal transshipment may involve relabeling, repackaging, re-invoicing, minor processing, false country-of-origin claims or other action, a White House report said.

The ocean carrier brought in $15.8 billion in revenue in Q2, up from $13.1 billion a year earlier, while operating profit nearly doubled year-over-year to $1.6 billion.

The fund will be set up as a financing agreement that pre-funds the purchase of essential components, providing suppliers with the capital they need to stockpile parts.

Through March 2027, El Niño will likely bring above-normal temperatures to much of the Northern Hemisphere, including western North America and southern Europe.