Red Sea marine traffic up 60% after Houthis narrowed targets, EU commander says
Red Sea marine traffic has increased by 60% to 36-37 ships a day since August 2024, but is still short of volumes seen before Yemen's…
Canada’s April trade deficit widens to historic high as tariffs cripple exports
Canada's trade deficit in April widened to an all-time high of a whopping C$7.1 billion ($5.2 billion), data showed on Thursday, as tariffs imposed by…
Trump renegotiating Biden-era Chips Act grants, Lutnick says
President Donald Trump's administration is renegotiating some of former President Joe Biden's grants to semiconductor firms, U.S. Commerce Secretary Howard Lutnick said at a hearing…
Capesize S&P activity drops ~48% YoY
Author: Rebecca Galanopoulos
Using VesselsValue Timeseries, we examine how historical orderbook trends have influenced time charter (TC) rates and asset values for the Capesize segment.
Nine injured in Ryanair emergency landing in Germany
A Milan-bound Ryanair flight was forced to make an emergency landing in southern Germany late on Wednesday due to heavy turbulence from a thunderstorm, with…
About 2,000 gallons of diesel spills in Baltimore waterfront, US officials say
A 2,000-gallon diesel spill that originated at a hospital facility in Baltimore, Maryland, on Wednesday tainted a waterfront in a popular tourist spot in the…
Vestas optimizes offshore operations with BareFLEET
Since 2019, Vestas, a global leader in sustainable energy solutions, has been utilizing BareFLEET to enhance the efficiency and performance of its offshore wind operations.
Mercedes-Benz proposes tariff offset system with US, Spiegel reports
Mercedes-Benz has proposed a deal under which U.S. cars could be imported into Europe duty free in exchange for tariff waivers on the same number…
Kimberly-Clark sells majority stake in international tissue unit to Brazil’s Suzano
Kimberly-Clark on Thursday struck a deal with Brazilian pulp maker Suzano to sell a majority stake in its international tissue business, valuing the business at…
Vermilion Energy exits US with nearly $88 million asset sale
Vermilion Energy will sell its United States assets for C$120 million ($87.88 million), the Canadian gas producer said on Thursday, using the proceeds to repay…
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