Korean Air’s Asiana bid faces in-depth EU merger probe
Korean Air Lines Co.’s bid to acquire smaller South Korean rival Asiana Airlines Inc. for 1.8 trillion won ($1.4 billion) faces an in-depth merger review…
Bungled messaging over Ohio train crash allowed chaos to reign
Gary Stevenson, the mayor of Paulsboro, New Jersey, is still troubled by the disastrous messaging that surrounded a dangerous train derailment in his town more…
Norfolk Southern draws on credit line after Ohio train crash
Norfolk Southern Corp. said it drew $100 million on a credit line following a train derailment and fiery crash that spilled chemicals in East Palestine,…
China’s Baowu seeks deeper ties with Rio Tinto on iron ore trade
China Baowu Steel Group Corp., the world’s biggest steelmaker, will seek closer ties with iron ore miner Rio Tinto as China’s demand for the raw…
Russia’s shadow oil tanker fleet becomes everyone else’s problem
A $2.2 billion fleet of oil tankers has been assembled to keep Russian crude and fuels exports flowing.
ICTSI outlines its vision for Australia’s biggest port
Global port operator International Container Terminal Services Inc. (ICTSI) has outlined a significant proposal for the expansion of the Victoria International Container Terminal (VICT), its…
A deep dive into Asia’s container trade | Container xChange Asia Market Update February 2023
The current situation in the global shipping industry is complex, as container rates are experiencing a significant decline, with contract rates moving closer to spot…
Global logistics business Gebrüder Weiss expands with new warehouse location in Elgin, Illinois
International Freight Forwarder Adds New Location to Keep Pace with its Business Growth in the U.S.
Cash crisis hits Nigeria cocoa exports in fresh blow to world supply
Nigeria’s cocoa exports are coming under threat from a shortfall of cash to pay laborers and transporters, further straining global supply.
Next-generation Japanese rocket aborts before launch
Japan’s much-vaunted launch of its flagship rocket was a fizzer — a disappointing result as competition with Elon Musk’s SpaceX intensifies and the island nation…
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