Lufthansa, Wizz slide on cost pressures, capacity plan pullbacks
Deutsche Lufthansa AG and Wizz Air Holdings Plc slid after reporting robust quarterly results, as investors focused in on capacity constraints and cost pressures that…
Russia will cut its crude exports by 300,000 B/d in September
Russia will prolong a cut in its crude exports into September, while tapering the size of the supply reduction, according to Deputy Prime Minister Alexander…
Wizz Air scales back growth plans on engine woes, yields
Wizz Air Holdings Plc scaled back its growth plans citing engine issues as well as a desire to increase yields, even as it reported fiscal…
China spooks commodity traders with probes into shady deals
Chinese authorities are intensifying a crackdown on some commodities transactions they view as offering little economic benefit, leading to a pullback by industry participants that’s…
Adani Enterprises profit climbs 44%, helped by energy, roads
Adani Enterprises Ltd.’s quarterly profit rose 44%, buoyed by the its energy and road businesses, as Indian billionaire Gautam Adani’s flagship firm tries to regain…
Europe’s most important trade route is at risk due to climate change
Low waters are becoming more frequent and forcing costly and cumbersome workarounds to keep supply lines open
Deltamarin signs multiple design contracts for PCTCs
Deltamarin announces selection for several Pure Car and Truck Carrier (PCTC) ship design contracts, underscoring the industry's confidence in Deltamarin's ability to provide innovative and…
Damen Shipyards and Feyz Group sign contract for three new Damen Combi Freighters 3850
Damen Shipyards and Turkey’s Feyz Group have signed a contract for the delivery of three new Damen Combi Freighters 3850 for delivery in early 2025.
Australia’s trade surplus beats estimates as imports tumble
Australia’s monthly trade surplus widened in June as iron-ore shipments gained while overall exports slid less than imports.
Boeing supplier Spirit Aero slides most in three years as cash burn tops $200 million
Spirit AeroSystems Holdings Inc. shares sank 27%, the most since 2012, after the aerospace manufacturer said its cash flow won’t fully recover next year as…
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