Friday, July 31, 2026

Busan Port Sees Record 4 Million TEUs Handled by MSC, Leading the Global Shipping Industry

MSC made history at Busan Port by handling 4 million TEUs in a year, marking a 16% increase and setting a record for a single shipping line.

US Senate Passes NDAA Limiting USFK Reduction, Trump Signature Pending

The U.S. Senate passed the NDAA for FY2026, limiting troop reductions in South Korea and allocating $901 billion for defense.

Oil Stocks Slide as Hopes Rise for Partial Recovery of Strait of Hormuz Shipping Route

Asian oil-related shares dropped as crude prices fell, easing supply concerns after reports of vessels resuming transit through the Strait of Hormuz.

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