China’s shipping firms brace for a new ‘era of chaos’ as Iran war drags on. China’s shipping giants are bracing for a harsh new reality of persistent global volatility, as the closure of the Strait of Hormuz shifts from being a problem of transit delays to a hard volume shock. With the crucial energy corridor still paralysed as the US-Israel war on Iran drags on with no clear end in sight, China’s state-backed shipping majors are doubling down on long-term contracts and creating new multimodal routes in an attempt to hedge against future shocks. Cosco Shipping Holdings,...
Jets give RB Hall 3-year, $45.75M extension
Jets running back Breece Hall, given the franchise tag on March 3, agreed to a three-year, $43.5 million contract Friday that can be worth up to $45.75 million, sources told ESPN.
