Iran seized an MSC containership in the Strait of Hormuz that is linked to a business partly owned by Israeli businessman Eyal Ofer. (WSJ)
China’s export volumes rose 4.4% in the first quarter compared with the same period last year. (WSJ)
The cost of imported goods into the U.S. excluding oil edged up 0.1% in March. (MarketWatch)
A measure of U.S. consumer sentiment retreated in April from a 32-month high. (MarketWatch)
The Asian Development Bank raised its forecasts for economic expansion in the region this year. (WSJ)
U.S. Steel shareholders approved the sale of the storied company to Japan’s Nippon Steel. (WSJ)
China is having its telecom carriers phase out their use of foreign processors such as Intel and Advanced Micro Devices. (WSJ)
Germany’s Thyssenkrupp Steel plans to cut jobs and scale back production capacity amid weak demand and rising competition from Asia. (WSJ)
The owners of the Dali containership have declared general average, triggering the intent to share costs of the disaster in Baltimore. (Lloyd’s List)
South Korea’s Port of Busan opened a fully-automated container terminal. (Port Technology)
Four U.S. railroads filed court challenges against a regulatory mandate for two-person crews. (Associated Press)
Oakland officials voted to change the name of Oakland International Airport to San Francisco Bay Oakland International Airport. (WSJ)
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