Oil sanctions are deepening Russian crude discounts, Novak says
The latest batch of sanctions by the US and European Union have increased the discounts Russia is having to offer to sell its barrels, according…
UPS CEO kicks off productivity drive by cutting 12,000 managers
Carol Tomé changed United Parcel Service Inc.’s. management theme to “Better and Bolder” during contentious labor-union talks last year, leaving investors wondering what the chief…
The price of diesel in Europe is being boosted by Red Sea shipping chaos
Attacks by Houthi militants on merchant shipping are boosting the price of diesel in Europe.
Menzies sees China growth after Hong Kong Airport services deal
Menzies Aviation, one of the world’s largest aviation services companies, is targeting expansion in China that could generate a revenue increase of around 20%, according…
Brazil speeds up $1 billion rescue for troubled airlines
Brazil’s government is working on an emergency plan to help alleviate financial pressures on airlines and address the high cost of consumer litigation and a…
Venezuelan oil output to fall 30% under renewed US sanctions
Venezuelan oil production at a four-year high is expected to decline quickly if the US follows through on threats to reinstate sanctions on the nation.
South Korea chip shipments jump most since 1997 as Samsung beats
South Korea’s semiconductor shipments rose in December by the most since 1997 while inventory growth slowed further, underscoring the pace at which a backlog of…
Impact of Red Sea crisis on ocean freight shipping is more rapid than Covid-19 as tensions run high across the industry
The Red Sea crisis has seen ocean freight rates increase faster than the early months of the Covid-19 pandemic as swathes of shippers are told…
NOLA Terminal announces new terminal manager for its flagship operations
NOLA Terminal has hired Plaquemines Parish resident Anthony Barrois to serve as terminal manager for its flagship operations facility on the Mississippi River.
Nigeria’s mega refinery Dangote turns to US oil
Nigeria’s giant new oil refinery Dangote, the largest in Africa, is set to import crude from the US in the coming months, a sign of…
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