Yiulian Dockyard reopens with rare laden-vessel repair capability in Hong Kong

Hong Kong’s Yiulian Dockyard has officially reopened following a significant modernisation programme and workforce expansion, with management positioning the facility as one of the most operationally flexible ship repair hubs in Asia.  Operated by China Merchants Shipbuilding Industry, the Tsing Yi-based yard is now highlighting a capability that sets it apart within mainland China: it is the only dockyard in the country permitted to receive vessels alongside while still fully laden with cargo.  This operational flexibility provides a major advantage for shipowners facing emergency repairs or unplanned maintenance, particularly in the busy maritime corridors of southern China....

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IATA: Air cargo demand returned to growth in April

IATA: Air cargo demand returned to growth in April

Air cargo demand returned to growth in April, rebounding after a contraction recorded in March linked to the escalation of conflict in the Middle East, according to the latest data released by IATA. In April, global air cargo traffic measured in cargo tonne-kilometres rose by 4% year-on-year. Capacity, however, declined slightly by 0.4%, leading to...

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Walmart ties expected tariff refunds to price strategy amid cost pressures

Walmart is considering how to allocate potential tariff refunds that could amount to less than half of 1% of its annual U.S. sales — roughly $2.4 billion — with a clear intention to channel any recovery into lowering prices for customers facing ongoing cost pressures.  Speaking during the company’s fiscal Q1 2027 earnings call (ended April 30), CFO John David Rainey said Walmart would “definitely bias and try to prioritize” using any tariff refunds to support price reductions, pointing to persistent pressure on consumers, particularly from elevated fuel costs. ...

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