Panama Canal signs MoUs with Panama Ports Company and PSA Panama International Terminal to optimize supply routes for COVID-19 vaccine distribution
The Panama Canal has signed memorandums of Understanding with Panama Ports Company (PPC) and PSA Panama International Terminal (PSA Panama) to help optimize supply routes…
A vicious circle: How climate change increased the need for fossil fuels and their profitability in 2021
As the climate is changing, the Arctic is warming four times faster than global averages, causing the circumpolar Jetstream to weaken and move southwards. Consequently,…
In 2019, oil and lease condensate proved reserves were flat; natural gas reserves declined
In 2019, proved U.S. reserves of crude oil and lease condensate increased by 0.1%, and proved natural gas reserves declined by 1.9%, according to the…
Hirt resigns as port director of Ports of Indiana-Burns Harbor
Ports of Indiana today announced that Ian Hirt has resigned after four years as port director of Ports of Indiana-Burns Harbor, effective May 3, 2021.…
Maersk loses 750 containers as heavy seas hammer LA-bound ship
One of AP Moller-Maersk’s container ships carrying goods from China to the U.S. lost part of its cargo in the Pacific Ocean during bad weather.
France pledges support for aerospace as Airbus slows ramp-up
France is looking at extending state support for Airbus SE and other aerospace firms through 2024 after the planemaker reined in production plans amid concern…
UAE says finalized purchase of F-35 jets, drones from US
The United Arab Emirates finalized the purchase of up to 50 F-35 jets and 18 drones from the U.S. before former President Donald Trump left…
Nissan boasts Brexit advantage with rare U.K. battery supply
Nissan Motor Co. has emerged from Brexit with an edge over rivals that lack a U.K. battery supply chain, a big relief for the country’s…
Africa trade pact gets $1 billion to offset revenue losses
The African Export-Import Bank has mobilized $1 billion for an adjustment facility to offset revenue losses for countries that lower cross-border tariffs as part of…
Saudi Arabia, Brazil set to get vaccines as India begins exports
India will begin commercial shipments of Covid-19 vaccines to Brazil and Morocco Friday, followed by Saudi Arabia and South Africa, as Prime Minister Narendra Modi…
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