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Descartes Systems said total revenue rose 15% year over year to $193.6 million and adjusted EBITDA increased 20% to a record $89.8 million. The company also highlighted AI investment plans and the IDELIC acquisition.
Heidmar Maritime Holdings reported second-quarter 2026 consolidated net income of $2.2 million, or $0.04 per share basic, versus a $13.7 million loss a year earlier. Revenue rose to $29 million from $9.6 million.
Nearly 20% of Strait of Hormuz traffic is sanctioned ships linked to Iran, according to data.
Iran declares the Strait of Hormuz closed again, causing shipping to stall through the strategically vital waterway
Iran closes the Strait of Hormuz, a key waterway for oil traffic, citing ceasefire violations after Israel's strikes in southern Lebanon