A measure of U.S. consumer confidence rose sharply in May following three straight monthly declines.
From worsening port congestion and lengthening delays to mounting pirate attacks, supply chains built on global shipping face a growing array of strains.
Bank of America says worsening port congestion is consuming more than 2% of global container shipping capacity.
China's state-owned CHN Energy is moving into ship ownership with the acquisition of 11 bulk carriers.
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