Lufthansa plans far-reaching restructuring to repay bailout
Deutsche Lufthansa AG signaled it would make sweeping job cuts and sell off non-core units in order to repay a 9 billion-euro ($10 billion) coronavirus…
New shipping line boosts UAE’s options for food, medical imports
Abu Dhabi Ports Co. will start operating a new shipping company this month that could help the United Arab Emirates avoid disruptions to imports of…
Top Airbus A320neo buyer will add new jets to its fleet despite virus
IndiGo, India’s biggest airline, said it will keep adding new aircraft to its fleet even as it can’t give any firm guidance on future capacity…
American maritime workers celebrated on centennial of the U.S. Merchant Marine Act
Heroes of theAmerican maritime industry continue to strengthen American sovereignty and security
Facebook, PayPal back Gojek’s Asia digital payments push
Facebook Inc. and PayPal Holdings Inc. are investing in Gojek, a big boost for the Indonesian startup’s digital payments business that propels the U.S. companies…
FIS Air Freight Report June 2, 2020
The China to USA route begins a very sharp slide into weaker territory, down -22.44% in one week to a still relatively high level of…
Oil’s comeback encourages US shale and complicates OPEC+ task
As OPEC+ producers head toward a consensus on extending output curbs, oil’s rally is prompting some U.S. producers to open their taps once again.
US steps up sanctions against Venezuela’s maritime oil trade
The Trump administration escalated sanctions against Venezuela’s oil industry, targeting four maritime companies for supporting the “illegitimate” government of President Nicolas Maduro.
Up for grabs: Covid-19 drives reserves of global oil and gas assets for sale to above 12.5 billion boe
Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of…
Cargotec completes the ownership change of joint venture in China
Cargotec has completed the sale of its share of the joint venture Rainbow-Cargotec Industries Co., Ltd (RCI) in China. As part of the agreement, Cargotec…
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