Thordon helps ensure New Zealand’s first fully electric ship is also a zero polluter down under
The southern hemisphere’s first fully electric, carbon fibre commuter ferry has successfully completed its inaugural round trip with a Thordon seawater lubricated propeller shaft arrangement…
Chapman Freeborn appoints Hendrik Falk as Senior VP of Cargo Americas
Chapman Freeborn, the global air charter specialist and part of Avia Solutions Group, has appointed Hendrik Falk as Senior Vice President of Cargo for the…
U.S. to release 30 million barrels of crude oil from its Strategic Petroleum Reserve
On March 1, the U.S. Department of Energy committed to releasing 30 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to…
U.S. trade deficit swells to record as goods, oil imports surge
The U.S. trade deficit swelled to a record in January, reflecting pickups in the values of imported capital equipment and consumer goods as well as…
Biden set to announce ban on U.S. import of Russian oil today
The Biden administration will impose a ban on U.S. imports of Russian energy on Tuesday without the participation of its European allies, according to people…
Canada’s trade surplus widens to most since 2008 on import decline
Canada’s trade balance swung back into surplus in January, on a sharp decline of imports led by the auto sector.
World Freight’s up to $2 billion sale halted by Ukraine war
PAI Partners and Baring Private Equity Asia are halting a sale of World Freight Company due to market volatility caused by the war in Ukraine,…
Adidas halts sales in Russia and appoints new China manager
Adidas AG halted sales in Russia, following other athletic-wear makers like Puma SE and Nike Inc. in response to the country’s invasion of Ukraine.
German seaports are likely to take a hit from Russian sanctions
Germany’s maritime traffic is likely to take a hit from sanctions on Russia, the Federal Statistics Office said Tuesday. The data through November shows that…
Indonesia’s coal miners are bracing for new export curbs
Coal miners in Indonesia, the top shipper, are preparing for potential new curbs on exports, a move that would add pressure to prices already at…
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