US kills Houthi rebels after attack on Maersk ship in the Red Sea
AP Moller-Maersk A/S halted transit through the Red Sea after an attack on one of its ships by Houthi rebels led to a significant escalation…
India’s crude oil imports from Russia plunge on payment issues
India’s crude oil imports from its largest supplier Russia plunged in December to their lowest since January 2023, as six tankers carrying Sokol grade oil…
Ethiopia offers airline stake to Somaliland for Red Sea access
Ethiopia signed a memorandum of understanding with Somaliland, a breakaway region of Somalia, to gain access to the Red Sea in exchange for a stake…
Cathay says pilot flying-hour caps, illness led to flight cuts
Cathay Pacific Airways Ltd., grappling with flight cancellations over the holiday period that have frustrated passengers, acknowledged that pilots reaching or at their 12-month limit…
Maersk delays Red Sea transits again after ship attacked twice
A.P. Moller-Maersk A/S will delay transits in the Red Sea for 48 hours after one of its container ships was attacked twice in the waters…
Indian body recommends keeping duty on Chinese solar parts
India should maintain anti-dumping duties on imports from China of a key part used to make solar energy modules, according to a unit of the…
Charting the global economy: Maritime attacks drive up costs
Shipping costs are rising as hundreds of container ships that typically transit the key maritime artery of the Red Sea and Suez Canal are rerouting…
AirAsia Malaysia CEO Riad to leave role after almost 6 years
AirAsia Malaysia Chief Executive Officer Riad Asmat is leaving his role at the airline and will become a board member at AirAsia Aviation Group.
Ukraine sends 13 million tons of exports through Black Sea corridor
Ukraine has exported 13 million tons of products through a shipping corridor in the Black Sea it established after Russia pulled out of a deal…
Airline stocks head for first annual gain since before the pandemic
US airline stocks weathered a domestic travel slowdown and geopolitical turmoil to notch their first yearly gain since 2019, capping a hard-fought rebound from when…
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