[FBX Weekly] Air rates continue to climb as congestion at airports gets worse
Key insights: 1 Ocean rates stayed level but still extremely elevated globally as port congestion remains a problem. Increases are likely as we get closer…
Nordic Aviation prepares bankruptcy to give creditors control
Nordic Aviation Capital AS is planning to file for Chapter 11 bankruptcy this month to carry out its restructuring plan, according to people with knowledge…
Egypt oil pipeline sees flows surge as Poland becomes biggest buyer
Crude flows out of Egypt’s Sumed pipeline have surged to the highest levels since oil producers made their biggest-ever output cuts in May 2020, with…
How to tune your port IT for maximum productivity
Running a port is like conducting an orchestra. When everything runs in harmony, it’s like a symphony on the deck. And the conductor behind this…
US Chip Act should include foreign firms, trade group says
A major trade group urged Washington to make a $52 billion grant for the semiconductor industry available to foreign companies as well as domestic ones.
Southwest Air sees profit this quarter, dividend in 2023
Southwest Airlines Co. said it expects to be profitable this quarter and for all of next year, on its way toward generating as much as…
Venezuela is resurrecting its oil fields with backpacks of cash
State-owned producer PDVSA is resorting to desperate tactics to increase production from historic lows
South African business mood worsens after Covid curbs hit trade
South African business confidence weakened in November as trade flows fell after a new wave of Covid-19 infections led to renewed restrictions among the nation’s…
HNA cedes control of Core Airline operations marking end of era
HNA Group Co. has officially handed over control of its core airline operations to Liaoning Fangda Group Industrial Co., marking the end of an era…
Airlines defend performance marred by fall schedule disruptions
U.S. airlines, responding to lawmakers asking if $54 billion in pandemic aid shouldn’t have prevented widespread flight disruptions earlier this year, say the funds saved…
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