Congested Philippine airport gets new upgrade pitch from tycoons
Six of the Philippines’ biggest conglomerates have revived a proposal to upgrade its congested main airport, signaling confidence in air travel recovery.
ANA rebounds from Covid with first annual profit since 2020
ANA Holdings Inc. reported operating income of 120 billion yen ($897 million) for the full year through March, its first annual profit since the 12…
Maran Dry’s first LNG-fueled Newcastlemaxes delivered with DNV Class
Maran Dry Management Inc. (MDM), the dry bulk shipping arm of the Angelicoussis Group, recently took delivery of two Newcastlemax bulk carriers, Ubuntu Unity on…
Hyundai Motor, SK on plan $5 billion EV battery plant in US
Hyundai Motor Group and SK On Co. will spend as much as $5 billion in North America for the production of electric car batteries as…
Canada becomes global leader in green energy incentives, boosting project value by as much as 50%
Canada’s new renewable energy investment tax credit (ITC), unveiled in the 2023 federal budget, will make the country a global leader in favorable financial conditions…
HMM cuts carbon emissions by 57% since 2010
HMM, the South Korean flag carrier, reports that its vessels have reduced their carbon emissions by 57.7 percent between 2010 and 2021.
Citadel money manager exits to join Biden’s push for chips
President Joe Biden’s administration has persuaded another money manager from Wall Street to join the government’s efforts to create a computer-chip renaissance in the US.
Why flying is so expensive and likely to remain that way
The worst of the pandemic has subsided, countries are accessible again and airlines expect decent profits now that business and leisure travel has returned. Why,…
Wheat farmers ask Canada to step in as strike threatens exports
The Wheat Growers Association is calling for the Canadian government to allow outside workers to weigh and inspect grain at a Vancouver port as a…
Russia’s Medvedev says G-7 export ban to trigger grain deal exit
Moscow may retaliate if Group of Seven countries proceed with a total ban on most exports to Russia by withdrawing from the safe-transit deal that…
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