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U.S. Naval Forces Central Command has begun accompanying U.S.-flagged maritime traffic in the Strait of Hormuz.
A.P. Moller Maersk reported a record-setting $1.6 billion in profits for the first quarter, thanks in part to Maersk Line profits of $714 million.
The third-party logistics provider also cut its first quarter loss in half.
The luxury and lifestyle retailer handles well-known brands such as Victoria’s Secret and Bath & Body Works in Southeast Asia.
Average annual exports in the Asia Pacific region grew from $4.1 billion for the five years before free trade agreements to $6 billion for the five years following their introduction, according to a new study by the APEC Policy Support Unit.
The International Longshore and Warehouse Union said 82 percent of its members voted in favor of ratification.