Drewry World Container Index - 12 Oct
Drewry’s World Container Index decreased by 1.5% to $1,369.06 per 40ft container this week.
Israel-Palestine conflict set to create challenges in maritime industry while trade continues with caution
The goal is to provide visibility on the topic to keep our customers and partners informed so that they are equiped with knowledge (whatever could…
US imposes first sanctions over Russia oil cap as impact fades
The US imposed the first sanctions for violations of the price cap on Russian oil introduced by the Group of Seven nearly a year ago,…
FRA publishes final rule requiring the installation of locomotive image recording devices on passenger trains
The Federal Railroad Administration (FRA) announced a final rule requiring the installation of inward- and outward-facing image recording devices on all passenger train lead locomotives…
Saudi budget’s oil needs take another leap in fresh IMF snapshot
The International Monetary Fund said Saudi Arabia needs a much higher oil price to fund the government’s burgeoning spending commitments than previously forecast, a view…
Delta tops estimates, trims 2023 profit outlook on costs
Delta Air Lines Inc. quarterly earnings beat analysts’ estimates, but the carrier cut the high end of its outlook for 2023 profit on rising fuel…
Virgin wins $250 million UK suit over Florida’s Brightline train
Billionaire Richard Branson’s Virgin Enterprises Ltd. won a UK court ruling over brand rights on US trains worth hundreds of millions of dollars.
AirAsia operator seeks $200 million from private credit for loan
Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a $400 million loan, half of it from private credit funds, to…
EasyJet places giant $20 billion Airbus order to renew fleet
EasyJet Plc placed the biggest aircraft order in the discount carrier’s history, potentially buying as many as 257 jets from Airbus SE in a commitment…
Venezuela gets a second shipment of fuel aid from Italy’s Eni
Venezuela is getting a second boost from oil major Eni Spa with a shipment of diluent to help quench the persistent scarcity of fuel that…
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