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U.S. Defense Secretary Hegeseth said the Strait of Hormuz should be fully open and free, with vessels from all countries allowed to transit.

2026-05-31

U.S. Defense Secretary Hegeseth said the Strait of Hormuz should be fully open and free, with vessels from all countries allowed to transit.

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2026-05-30

Chinese carriers will reduce fuel surcharges on domestic passenger tickets sold from June 5, 2026. New rates: 150 yuan per adult on routes over 800 km and 80 yuan per adult on routes of 800 km or less—reductions of 20 yuan and 10 yuan respectively fr

Chinese carriers will reduce fuel surcharges on domestic passenger tickets sold from June 5, 2026. New rates: 150 yuan per adult on routes over 800 km and 80 yuan per adult on routes of 800 km or less—reductions of 20 yuan and 10 yuan respectively from previous levels. The change will partly lower passenger travel costs.
2026-05-30

Shanghai Shipping Exchange said this week China’s export container transport market continued to improve, with ocean-route freight rates rising and its composite index climbing. The National Bureau of Statistics reported April profits at industrial e

Shanghai Shipping Exchange said this week China’s export container transport market continued to improve, with ocean-route freight rates rising and its composite index climbing. The National Bureau of Statistics reported April profits at industrial enterprises above designated size rose 24.7% YoY, the strongest pace since Nov 2023, citing continued rapid industrial production that has accelerated corporate profit growth. On May 29 the Shanghai export container composite freight index stood at 2,571.73, up 15.9% from the previous reading.
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