Oil wavers with concerns lingering over China consumption
Oil wavered as investors assess the potential for flagging Chinese demand against the expectation for shrinking global supplies.
[FBX Weekly] Ocean rates level but still high as some SMBs pass on costs
Key insights: 1 The continued surge in ocean volumes kept freight rates elevated but level this week, as the global index hit a 173% increase…
cargo-partner donates mobile homes for earthquake victims in Croatia
cargo-partner teams from throughout the region have teamed up to help families whose homes have been destroyed by the earthquake on December 29. The company…
PSA International makes two international commitments to support the global fight against COVID-19
To support the global fight against COVID-19 in its many aspects, PSA International (PSA) has signed the Neptune Declaration for Seafarer Wellbeing and Crew Change,…
U.K. warns EU against vaccine protectionism in supplies row
U.K. Health Secretary Matt Hancock warned the European Union against “protectionism” after the bloc’s regulators proposed drugmakers should flag exports of coronavirus vaccines.
VW scales back job cuts in labor deal for German truck brand MAN
Volkswagen AG won the backing of powerful labor unions for a stripped back 1.7 billion-euro ($2 billion) profit-improvement plan at its MAN truck division with…
Chile scrambles to regain China’s confidence on cherry imports
Chile, the biggest shipper of sweet cherries, is working to restore confidence among Chinese buyers after social media reports of Covid-19 detections in packaging undermined…
US tries to seize oil shipment it says came from Iran
The U.S. is trying to seize around 2 million barrels of what it thinks is Iranian oil, according to people familiar with the matter, in…
Didi is close to raising $1.5 billion for trucking unit
Didi Chuxing Technology Co. is close to finalizing a $1.5 billion round of funding for its on-demand trucking unit from investors including Temasek Holdings Pte,…
China’s oil demand at risk as millions scrap New Year travel
For Rachel Tian -- and millions of other Chinese people -- Lunar New Year festivities look set to be less of a family affair in…
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