Saudi oil revenue drops to lowest since 2021 as prices falter
Saudi Arabia’s receipts from oil sales abroad declined by more than a third to the lowest since September 2021, amid a spluttering recovery in energy…
Russia’s crude flows from Western ports slump to seven-month low
Overall flows are down by 640,000 barrels a day from their February levels
VINCI Airports finalizes financial structuring for Cabo Verde airport concession, takes over operation
• Financing arrangements completed for a concession covering seven airports in the archipelago • 40 years concession in a country with a growing tourism sector…
Shodesh in Bangladesh deliver huge breakbulk consignment
Project Cargo Network Bangladesh members, Shodesh Shipping & Logistic recently handled a huge breakbulk consignment for the RNPP construction project.
GSC announces acquisition of Pacific Northwest Transloader Macmillan-Piper
GSC, a nationwide provider of 3PL services, is acquiring MacMillan-Piper, one of the largest trans loaders in the Pacific Northwest, David Arsenault, President, GSC told…
Lufthansa takes fight over €6 billion Covid aid to top EU court
Deutsche Lufthansa AG is fighting a landmark ruling that toppled the European Union’s approval for its €6 billion ($6.6 billion) German recapitalization at the height…
US lawmakers probe Ford Michigan deal with Chinese battery maker
Republican lawmakers are probing Ford Motor Co.’s partnership with a Chinese battery company for its new $3.5 billion plant in Michigan, scrutinizing issues around American…
British Airways parent IAG buys stake in UK maker of fuel from ethanol
IAG SA, the parent company of British Airways, is buying a stake in a UK firm that’s planning to start production of sustainable aviation fuel…
Cushman & Wakefield arranges sale of newly renovated 89,417 SF industrial facility in Phoenix for $23 million
Cushman & Wakefield announced the firm has brokered the sale of an 89,417-square-foot freestanding industrial building in Phoenix, Arizona. Located at 4150 South Riverpoint Parkway…
Russia’s Arctic shipping route gets busy with oil traffic to China
Three oil tankers will meet up shortly in the Arctic waters of the Kara Sea, signaling that the navigation season along Russia’s Northern Sea Route…
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