Air Freight News
Russian commodities aren’t safe in Red Sea as Houthis attack
Yemen’s Houthi militants have attacked more merchant ships hauling Russian commodities than products from anywhere else in the world, highlighting the limits of safe-passage assurances…
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Global recoverable oil reserves hold steady at 1,536 billion barrels; insufficient to meet demand without swift electrification
Rystad Energy’s latest research shows global recoverable oil reserves held largely steady at around 1,500 billion barrels, down some 52 billion barrels from our 2023…
Russian companies face mounting payment issues as sanctions bite
Russian President Vladimir Putin is bucking Western efforts to isolate him internationally, meeting with more than 20 world leaders just since May. Russian businesses aren’t…
G-7 warns against unilateral actions that might undermine trade
The finance chiefs of the Group of Seven economies warned against “unilateral actions” that might undermine global trade, according to a statement by the Italian…
Top Ships Inc. announces time charter extensions at very strong rates and revenue of $100 million
TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its 50% subsidiaries which own…
Frankfurt Airport cancels 140 flights due to protests
Frankfurt Airport was forced to briefly suspend operations and cancel some flights after climate protesters invaded the airfield of Germany’s busiest hub during the peak…
Israel ready to hit Houthis again while urging US to take lead
Israel is prepared to attack Houthi-controlled parts of Yemen again following its air strike last week, the country’s top diplomat said, though would prefer the…
Bali plans $20 billion railway project to ease road congestion
Bali plans to start building a $20 billion railway network connecting the airport with tourist areas in a bid to reduce traffic congestion.
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Containerization & Intermodal Institute elects PMSA’s Grubbs to Board of Directors
Michele Grubbs, Vice President at the Pacific Merchant Shipping Association (PMSA), has been elected to the Board of Directors of the Containerization & Intermodal Institute…
Air France-KLM trims capacity outlook amid Olympics impact
Air France-KLM trimmed its full-year capacity outlook amid a bigger-than-expected shortfall from tourists avoiding Paris during the Summer Olympics, with the group initiating a hiring…