In an editorial, International Maritime Organization Secretary-General Kitack Lim writes that governments should recognize the crisis facing seafarers and lift restrictions on crew changes that have left thousands of workers stranded. (WSJ)
Sales of previously-owned homes in the U.S. dropped 9.7% from April to May. (WSJ)
A Florida-based delivery company got two Paycheck Protection Program loans even as the pandemic saw its business pick up. Such loans are coming under scrutiny. (WSJ)
U.S. crude-oil prices have surged since falling below zero in April, but petroleum refiners are struggling to make ends meet.
Chevron is set to resume oil exports in July from a long-dormant operation it shares with the governments of Saudi Arabia and Kuwait. (WSJ)
Retail mall owner Simon Property Group is suing Gap and Brooks Brothers for millions of dollars in unpaid rent during the pandemic shutdowns. (Sourcing Journal)
Yangtze Memory Technologies aims to triple its chipmaking capacity as part of China's push to curb dependence on U.S. semiconductors. (Nikkei Asian Review)
The European Union expects to impose full customs controls and checks on goods from the U.K. starting Jan. 1, 2021. (Lloyd’s Loading List)
China will step up output of natural gas despite a glut on the global market. (South China Morning Post)
Workers in India who have fled cities amid the coronavirus pandemic aren’t expected to return to industrial zones before September. (Bloomberg)
Pharmaceutical companies say they face a potential shortage of the glass needed to make vials for vaccines. (Supply Chain Digital)
Strong capacity management has container lines looking at possible strong earnings this year. (Lloyd’s List)
Pacific International Lines won critical financing from an arm of Singapore sovereign wealth fund Temasek Holdings. (TradeWinds)
Oslo-listed MPC Container Ships warned it aces severe liquidity strains and could file for bankruptcy as early as next month. (Splash 247)
Lufthansa Cargo will outsource handling of its freight at the airline’s main Frankfurt Airport hub. (Air Cargo News)
U.S. regulators issued rules for the bulk transport of liquefied natural gas by rail. (Railway Age)
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