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US to block China from buying SPR crude oil
New US congressional budget bill to block China from buying oil from the Strategic Petroleum Reserve (SPR), Reuters reports. The…
Russia resorts to price flooring to stave off sanctions + CMA CGM snaps up Bollore Logistics in USD 5 bn transaction
Russia is implementing its first-ever price floor mechanism to protect its oil revenues from G7 sanctions, Bloomberg reported on Friday.…
Comac seizes an opportunity amidst Boeing fallout + TotalEnergies, Airbus ink a SAF partnership
Boeing’s recent woes are giving China’s domestic jet manufacturer Comac an access point into the Asian jetliner market, the Financial…
Russia’s crude oil delivery woes with India continue + The world's first chemical tanker ship with sails has departed from Antwerp
Tankers carrying India-bound Russian crude still idling off Asia:Twelve tankers carrying around 15 mn barrels of Russian Sokol crude set…
Airbus recorded a revenues boost and a dip in net income in 2023
European aircraft maker Airbus saw an 11% y-o-y fall in net income to EUR 3.8 bn in 2023, according to…
South Africa eyes EIB loan to upgrade logistics infrastructure + DB Cargo’s hefty losses risk seeing it dissolved
South Africa could receive an undisclosed loan from the European Investment Bank (EIB) to upgrade its port and freight-rail infrastructure,…
Blackstone to set up new mega property company
Blackstone forms a logistics warehouse property giant: Private Equity firm Blackstone will merge the managements of property developers and investors…
Jeff Bezos offloads Amazon shares, Maersk delivers strong earnings for 2023, Panama Canal will not roll out more transit restrictions before April
Amazon founder and executive chairman Jeff Bezos has sold nearly 12 mn shares in the e-commerce outfit he founded, in…
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