Egypt oil pipeline sees flows surge as Poland becomes biggest buyer
Crude flows out of Egypt’s Sumed pipeline have surged to the highest levels since oil producers made their biggest-ever output cuts in May 2020, with…
How to tune your port IT for maximum productivity
Running a port is like conducting an orchestra. When everything runs in harmony, it’s like a symphony on the deck. And the conductor behind this…
US Chip Act should include foreign firms, trade group says
A major trade group urged Washington to make a $52 billion grant for the semiconductor industry available to foreign companies as well as domestic ones.
Southwest Air sees profit this quarter, dividend in 2023
Southwest Airlines Co. said it expects to be profitable this quarter and for all of next year, on its way toward generating as much as…
Venezuela is resurrecting its oil fields with backpacks of cash
State-owned producer PDVSA is resorting to desperate tactics to increase production from historic lows
South African business mood worsens after Covid curbs hit trade
South African business confidence weakened in November as trade flows fell after a new wave of Covid-19 infections led to renewed restrictions among the nation’s…
HNA cedes control of Core Airline operations marking end of era
HNA Group Co. has officially handed over control of its core airline operations to Liaoning Fangda Group Industrial Co., marking the end of an era…
Airlines defend performance marred by fall schedule disruptions
U.S. airlines, responding to lawmakers asking if $54 billion in pandemic aid shouldn’t have prevented widespread flight disruptions earlier this year, say the funds saved…
In September, the US was at its lowest coal stockpiles since 1978
Coal stockpiles at U.S. electric power plants totaled 80 million tons at the end of September, the lowest monthly level since March 1978. As U.S.…
No sign of crisis at the Port of Hamburg
Even during the pandemic, the positive trend in container traffic between Hamburg and the USA continues. Since 2019, the USA has been Hamburg’s second strongest…
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