Big ships snag unusual cargoes as dry-bulk market tightens
Shipments of timber and grain are being loaded onto a class of ship normally reserved for other cargo as strong demand to move commodities tightens…
US durable goods orders decrease for first time since April
Orders for U.S. durable goods unexpectedly declined in February for the first time in nearly a year, indicating a pause in the months-long manufacturing rebound.
Biden starts infrastructure bet with US far behind China
President Joe Biden is betting that a multitrillion-dollar economic plan centered around infrastructure spending will do more than bolster an American economy hammered by the…
EU tightens curbs on vaccine exports amid third infection wave
The European Union extended its power to stop Covid vaccine exports to the rest of the world, setting the stage for an escalation of tensions…
New Nordic airline begins $150 million placing in bet on rebound
Startup carrier Norse Atlantic Airways began a 1.28 billion-krone ($150 million) share placement to bankroll the launch of trans-Atlantic flights this year even as air…
Indian refiners grab new oil supplies to cut Mideast dependence
Refiners in the third-biggest oil importer are snapping up more cargoes from outside the Middle East after India’s government urged them to diversify suppliers with…
Suez Canal blockage may ripple through global energy market
The blockage of the Suez Canal by a giant container vessel is likely to send ripples of disruption through the global energy supply chain.
GT USA Wilmington welcomes MV Dole Maya on its maiden call to Delaware
GT USA Wilmington, the US-based operator of the Port of Wilmington, DE, welcomed the M/V DOLE MAYA on its first call at the Wilmington Marine…
China has bought only a third of US goods required by trade deal
China is well behind on the two-year targets set in its trade deal with the U.S., having purchased only about a third of the goods…
Shipping giant Maersk can’t get enough women in Its top jobs
The chairman of A.P. Moller-Maersk A/S, Jim Hagemann Snabe, says it’s proving difficult to get enough women to apply for top management jobs at the…
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