TRUMP: UAE WAS HIT HARD, LED BY INCREDIBLE PEOPLE

HONG KONG'S CATHAY PACIFIC AIMS TO RAISE ABOUT $2 BILLION IN HONG KONG DOLLAR BOND DEAL, SOURCES SAY

The International Maritime Organization is preparing an evacuation plan for hundreds of ships stranded in the Persian Gulf following US and Israeli strikes on Iran over seven weeks ago, Secretary-General Arsenio Dominguez said at Singapore Maritime Week. The plan would only be activated if de-escalation is evident and includes a phased departure order based on crew stranding time and other factors. Transits would follow the IMO’s 1968 Traffic Separation Scheme proposed by Iran and Oman. Iran has also developed a coastal routing system in recent weeks. The IMO is coordinating with littoral and flag states to finalize the plan.