EU defends airline slot rules over Lufthansa ghost flights row
The European Union defended its airport slots rule following complaints by some airlines including Deutsche Lufthansa AG that the requirement forces it to fly empty…
Hyundai Heavy LNG shipping deal with Daewoo vetoed by EU
Hyundai Heavy Industries Co.’s bid for Daewoo Shipbuilding & Marine Engineering Co. was vetoed by the European Union over fears it would create an overly…
Shipping congestion is growing at world’s biggest port
Ships looking to avoid Covid-induced delays in China are making a beeline for Shanghai, causing growing congestion at the world’s biggest container port.
Delta Air still sees 2022 profit as Covid slows recovery
Delta Air Lines Inc. says the rapidly spreading omicron coronavirus variant will delay a recovery in travel by 60 days and contribute to a first-quarter…
U.K. and India start negotiations on post-Brexit trade deal
The U.K. and India will kick off negotiations on a free-trade deal on Thursday, the latest post-Brexit prize for Britain as it seeks to deepen…
High coal prices to speed India’s efforts to curb imports
High seaborne prices for coal will push India to lift domestic supplies and accelerate efforts to curb imports, according to a top government official.
Singapore Air sells $600 million bond at discount to peers
Singapore Airlines Ltd. became the first carrier to tap the debt market for dollars in 2022, raising funds at a discount to peers thanks to…
Oil demand in Asia faces fresh challenge as omicron cuts traffic
Road traffic has thinned across Asia at the start of the year as the highly contagious omicron variant of the coronavirus sweeps through the region,…
Eyes on Downing Street, Truss faces tricky Brexit choice
U.K. Foreign Secretary Liz Truss enters the latest round of post-Brexit negotiations over Northern Ireland, facing a choice between picking a fight with the European…
Supply-chain chaos spurs new ETF filing to ride shipping boom
ProShares is preparing a new ETF to exploit chaos across global supply chains even as bottlenecks show signs of easing and commodities come down from…
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