Yang Ming Marine Transport Corp.

Pakistan's Navy will be getting a fleet of advanced Chinese submarines, a statement from the military and a government official said on Thursday, a move to strengthen Islamabad's maritime security as part of a growing defence cooperation with Beijing.The subs are in addition to Chinese-made J10-C fighter jets, which were war-tested for the first time during last year's Pakistan-India conflict.Pakistan and China are longtime allies and their defence cooperation has been enhanced since the conflict erupted.Islamabad says the Chinese-made planes were part of its air assault that downed India's French-made Rafale fighter jets last summer.

Royal Caribbean cut its annual earnings forecast on Thursday, even after reporting a better-than-expected quarterly profit, as surging fuel costs linked to the Iran war weighed on the cruise operator.Still, its shares jumped 6% as demand for its vacation destinations remained resilient. Bookings for high-margin Mediterranean itineraries, which had softened due to geopolitical tensions, have now rebounded and are running at a higher pace than the same time last year, the company said.Royal Caribbean's efforts of investing in diverse offerings such as private islands and new cruise itineraries, including "Star of the Seas", have helped draw seasoned cruisers and new customers alike.

General Dynamics reported a solid start to 2026, with its maritime-focused Marine Systems segment delivering standout growth driven by continued demand for U.S. Navy shipbuilding programs.The company posted overall first-quarter revenue of $13.5 billion, up 10.3% year-over-year, but the strongest gains came from Marine Systems, where revenue jumped 21% to $4.34 billion.Operating earnings in the segment climbed even faster, rising 26.4% to $316 million, with operating margin improving to 7.3%.Marine Systems — which includes submarine builder Electric Boat and surface shipyards Bath Iron Works and NASSCO — continues to benefit from sustained U.S.

Panama-flagged tanker Idemitsu Maru, carrying 2 million barrels of Saudi oil, crossed the Strait of Hormuz, LSEG shipping data showed on Tuesday, becoming the first Japan-linked crude tanker to do so since the Iran war began.Before the U.S.-Iran conflict broke out on February 28 and disrupted Middle East crude oil and liquefied natural gas supplies, Japan relied on the region for 95% of its oil imports, much of it coming via the Strait of Hormuz.The move comes as Japan's recent diplomatic efforts to safeguard energy supplies were disrupted by the war.Earlier in April, the Sohar LNG tanker co-owned by Japan's Mitsui O.S.K. Lines 9104.T and the Mitsui-owned LPG tanker 8031.

A joint letter organized by the American Biofuels Maritime Initiative (ABMI) has been sent to U.S. Secretary of State Marco Rubio ahead of this week's negotiations at the IMO MEPC 84 meeting in London. The effort is aimed at ensuring that global maritime decarbonization also translates into durable new demand for American biofuels and additional income streams for U.S. farmers and rural communities.In the ABMI letter, leading biofuel and agricultural stakeholders urge the Trump administration to champion a global maritime fuels framework that is technology‑neutral, grounded in real‑world affordability and availability, and explicitly open to commercially proven solutions such as ethanol