The airlines still facing risk of bankruptcy as travel returns
Stirrings of a recovery in global travel are bringing airlines back from the brink, but the rebound may come too late for several carriers still…
Sunflower oil shipments to India at risk on Ukraine conflict
Shipments of more than 350,000 tons of sunflower oil to India, the world’s biggest buyer, are at risk as Russia’s attack on Ukraine disrupts logistics…
Adani wins $405 million in power tariffs from Indian state
India’s top court ruled in favor of billionaire Gautam Adani’s power unit, saying state-run distribution companies in Rajasthan state have to pay Adani Power Ltd.…
China pausing on buying Russian seaborne crude after invasion
Oil importers in China, the world’s biggest buyer of Russian crude, are briefly pausing new seaborne purchases as they assess the potential implications of handling…
South Korea preparing for energy supply crunch on Russian attack
South Korea is preparing to take immediate action if Russia’s invasion of Ukraine results in a disruption to energy shipments.
Deadly Nigerian oil-blast ship has peers all over the world
The decades-old, oil-storage ship that blew up off the coast of Nigeria recently -- killing some of its crew and spewing its contents into the…
Trax and Raistone partner
Trax and Raistone have launched a joint solution designed to create improved cash flow for carriers and extended working capital for shippers, all interest-free to…
US to restrict Russia foreign tech imports over Ukraine
The Biden administration announced sweeping restrictions to deny Russia access to products based on U.S. technology manufactured overseas by non-U.S. companies in response to its…
US presents ‘Buy American’ plan to ease supply chain squeeze
The Biden administration announced several new actions Thursday intended to ease supply-chain disruptions that have plagued the economy during the coronavirus pandemic.
US Department of Commerce & Bureau of Industry and security Russia rule fact sheet
In response to the Russian Federation’s further invasion of Ukraine, the Bureau of Industry and Security has issued a final rule, “Implementation of Sanctions Against…
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