Global diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting…
Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say
Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest…
Archer Aviation raises $430 million through equity offering, partners with Anduril
Air-taxi maker Archer Aviation said on Thursday it has raised $430 million in fresh capital, part of which will be used to develop a hybrid…
Oil little changed as IEA surplus forecast offsets rate cut optimism
Oil prices were little changed on Thursday as a forecast for ample supply in the oil market offset optimism stemming from rising expectations of a…
Rhenus joinds Air France KLM Martinair Cargo’s SAF Program to support cleaner aviation practices
The participation in the Sustainable Aviation Fuel (SAF) Program launched by Air France KLM Martinair Cargo highlights the duty Rhenus holds towards its customers to…
Pyron receives Lifetime Achievement Award
Cliff Pyron was the recipient of the 2024 Lifetime Achievement Award at the annual Connie Awards ceremony in Newark, NJ on December 9, 2024, hosted…
FIT Alliance’s 2024 eBL survey shows steady rise of electronic bill of lading adoption globally; collaboration across trade supply chain could unlock further gains
The FIT Alliance, co-founded by BIMCO, DCSA, FIATA, ICC, and SWIFT, today announced the results of its 2024 survey on electronic Bills of Lading (eBL).…
Hefring Marine secures Icelandic Transport Authority grant to advance safety for mariners
Hefring Marine, a leader in intelligent marine technology, has been awarded a grant by the Icelandic Transport Authority (Samgöngustofa) to further critical research on injuries…
ARTEM Raises €1.5M for net-zero manufacturing led by Vireo Ventures
Switzerland-based B2B ARTEM has secured €1.5M in Seed funding to further develop its comprehensive software and hardware platform to help EU companies and non-EU producers…
Significant port cost miscalculation leads to six-figure loss covered by ITIC
In a recent case underscoring the essential nature of precise cost estimation in maritime logistics, ITIC (International Transport Intermediaries Club) has settled a US$140,000 claim…
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