Asian buyers trying to back out of purchases of Russian oil grade
Asian oil refiners are shunning a major export grade from the Russian Far East due to sanctions on a tanker company that ships the cargoes.
Palm oil jumps as traders weigh severity of Indonesia export ban
Palm oil rebounded as traders assessed the severity of Indonesia’s ban on cooking oil exports that sparked wild swings in the market.
European gas prices fluctuate with focus on LNG imports, Russia
European natural gas prices fluctuated as the market weighed uneven supplies, a forecast for cooler weather and uncertainty over payments for the fuel from Russia.
Airbus allowed to cancel Qatar Airways order in legal row
Airbus SE was given the green light to cancel an order for its in-demand A321 single-aisle jets from Qatar Airways, giving the planemaker an incremental…
Heathrow sees summer travel boom giving way to winter freeze
London Heathrow airport raised its passenger forecast but warned that demand is likely to drop off later in the year as a summer boom gives…
Flying taxi hub startup nears $25 million in investor funds
Urban-Air Port, a U.K. startup that’s developing hubs for flying taxis, is closing in on 20 million pounds ($25 million) in funding after attracting two…
Brexit caused a ‘major shock’ to U.K. trade patterns, study says
Brexit caused U.K. imports from the European Union to collapse and led many small British businesses to give up exporting to the EU altogether, according…
Southeastern Freight Lines promotes Wilson to service center manager in Asheville, N.C.
Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced Joshua Wilson has been promoted to service center manager in Asheville,…
Vancouver’s jammed warehouses show why inflation is so sticky
To understand why inflation is running so hot, look to Canada’s West Coast. Vancouver, the home of one of North America’s busiest ports, is bursting…
ZIM is upgrading its ZIM Container Service Turkey (ZCT) to a weekly service
ZIM Integrated Shipping Services announced today that as of mid-May 2022, the transatlantic ZIM Container Turkey service (ZCT) will become a weekly service, providing an…
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