Omicron costs Qantas $470 million in profit as recovery delayed
Qantas Airways Ltd. said omicron is delaying the airline’s recovery and eating into earnings, with international travel wallowing at less than half normal volumes for…
Biden’s own aides feared his sanctions wouldn’t stop Putin
With no alternatives, a ‘tired’ foreign policy tool now faces a high-stakes test on the Russia-Ukraine border
Singapore Air roars back to quarterly profit on travel jump
Singapore Airlines Ltd. swung back to quarterly profit for the first time since the onset of the pandemic, helped by strong cargo demand and the…
Air New Zealand to seek capital as pandemic losses mount
(Bloomberg) -- Air New Zealand plans to raise capital by the end of next month through the issue new shares as its losses continue to…
Rolls-Royce CEO East to step down after turbulent reign
Rolls-Royce Holdings Plc Chief Executive Officer Warren East will step down at the end of this year, after leading the engine maker through a punishing…
Porsche car carrier fire drags on days after crew left ship
The operator of Felicity Ace, the ship transporting thousands of Porsches, Lamborghinis and other Volkswagen AG vehicles, said Tuesday it assumes the car carrier is…
Soaring diesel and gasoline prices are bleeding into shipping
The shipping industry is starting to feel the full force of surging diesel and gasoline costs.
Great Lakes - St. Lawrence Seaway System opening for the 2022 Navigation season and maximum allowable drafts
The opening of the 2022 navigation season is scheduled to take place on the following dates and times:
Ukraine tensions boost Asia LNG shipping stocks on demand hopes
Shares of Asian shipbuilders and shipping firms rallied Wednesday on expectations that European countries may seek seaborne sources of natural gas as tension escalates with…
China’s boost to coal and steel alarms climate researchers
China is constructing new coal power and steel-making facilities at an alarming rate, with the amount of carbon produced by projects begun in 2021 set…
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