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Hormuz blockade raises uncertainty for global shipping industry

The global shipping industry is facing growing uncertainty as the blockade of the Strait of Hormuz drives tanker freight rates sharply higher while simultaneously threatening profitability through declining cargo volumes and rising operating costs.According to global maritime analytics firm Clarksons Research, the tanker index (WS), which tracks daily freigh..

Coupang reports record quarterly revenue
Coupang posted its highest-ever quarterly revenue in the first quarter of 2024, driven by rapid growth in its luxury e-commerce unit Farfetch and Taiwan’s..

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