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By Ann Koh and Kyunghee Park (Bloomberg) — China appears to be gradually easing its lockdown of Shanghai, but that won’t bring immediate relief to global supply-chain congestion, according to a major shipping.
By Kyunghee Park (Bloomberg) — HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling.
By Kyunghee Park (Bloomberg) — Sembcorp Marine Ltd. has agreed to merge with Keppel Corp.’s subsidiary in a deal that will create the world’s biggest builder of oil rigs and push.
By Ishika Mookerjee and Kyunghee Park (Bloomberg) — The deadline for a transformative deal between Keppel Corp. and Sembcorp Marine Ltd. is just days away. Shares of both companies have surged.