Union Pacific profit tops analysts’ estimates on coal surge
Union Pacific Corp.’s shipments of coal and chemicals jumped in the first quarter, helping the largest publicly traded railroad to post profit above analysts’ expectations.
Korea early exports rise in sign of resilient global demand
South Korea’s early trade data indicate exports are set to post strong gains in April as powerful U.S. demand shores up global commerce in the…
US Capitol evacuated after stunt plane enters restricted zone
An “all clear” was issued when it turned out the aircraft was taking part in a parachute landing before a game between Major League Baseball’s…
Eight-hour blackouts hit India after hottest March on record
An already sweltering summer and acute coal shortages are triggering blackouts across parts of India, raising fears of a new power crisis that could roil…
Turkey gets $400 million loan for gas amid Deutsche Bank talks
Turkey’s state pipeline operator has received a $400 million loan to cover its natural gas bills as it nears a separate deal with Deutsche Bank…
China port delays spur ships to bypass Singapore to refuel
Container and bulk ships are skipping Asia’s largest refueling hub in Singapore as delays at ports in China and elsewhere prompt vessels to reschedule their…
Rising freight rates put heavy burden on grain-importing nations
The war in Ukraine will put further pressure on grain-importing countries in Africa and Asia as a reduced number of vessels for delivering cargoes drives…
XLP member, Megalift, ships gas turbine
Megalift has successfully shipped SGT700 Gas Turbine from Siemens Norrkoping to Port Klang. The gas turbine weighed 86 tons with dimensions of 13.54m (L) x…
Biden probe into solar imports risks 65% of planned US projects
A U.S. Commerce Department trade probe that could result in tariffs against solar imports from Southeast Asian nations is already threatening clean energy projects, according…
US to appeal mask travel ruling, setting up court fight
The U.S. Centers for Disease Control and Prevention has asked the Justice Department to appeal a judge’s ruling that threw out a mask requirement for…
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