Air Freight News
Toyota idling all Japan plants due to supplier system outage
Toyota Motor Corp. will suspend output at all of its Japan factories on Tuesday following disruptions to a supplier’s systems, marking another setback for the…
BP’s costly exit from Russian oil could have ESG silver lining
BP Plc’s exit from Russia may cause tens of billions of dollars of financial pain, but it could have a longer-term upside for the company’s…
EU nations to discuss gas cut-off risk after sanctions on Russia
The European Union will discuss at an emergency meeting on Monday what steps could be taken if Russia halts gas supplies in retaliation to sanctions.
Ruble plunges 30% as prices onshore split from those overseas
Russian markets were paralyzed on Monday and traders struggled to price the ruble as international sanctions shook the country’s financial system.
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Why the Black Sea matters to commodity markets
The Black Sea -- a major artery for the movement of commodities at the crossroads of Europe and Asia -- is suddenly drawing the world’s…
Finnair faces wipeout of Asia business on Russia flight bans
(Bloomberg) -- Finnair Oyj faces a wipeout of its Asian traffic as a tit-for-tat of airspace closures in Europe and Russia jeopardizes its main long-haul…
Ukraine wants EU membership but accession usually takes years
President Volodymyr Zelenskiy appealed to the European Union to fast-track membership for Ukraine. But despite support from several member states, the process is an arduous…
Singapore banks halt Russia commodity lending as sanctions mount
Singapore’s biggest banks are restricting trade financing for Russian raw materials, as the war in Ukraine spurs lenders in Asia’s largest energy and commodities trading…
Asian carriers spared from Russia-Europe airspace closures
The closing of Russian airspace to many European airlines has so far spared Asian carriers that have had a slower recovery from the pandemic than…
Black Sea shipping chaos spreads as US oil tanker rates surge
(Bloomberg) -- The cost to ship crude oil on super-sized tankers from the U.S. Gulf Coast to the U.K. and Asia surged after attacks on…