Conflict, high borrowing costs clip growth in EBRD regions, report says
Two wars and high borrowing costs have trimmed expected growth in countries covered by the European Bank for Reconstruction and…
Alpha Bank’s quarterly profit jumps 37% on strong interest income
Greece’s Alpha Bank ACBr.AT, the country’s fourth-largest lender by market value, reported on Thursday a 37% rise in first-quarter net…
Japan’s GDP contracts, complicating BOJ’s rate hike plans
Japan’s economy contracted in the first quarter, squeezed by weaker private consumption and external demand and throwing a fresh challenge…
Oregon governor proposes $40 million to keep Portland container service alive
The apparent lifeline comes after port officials announced in April that container service at Portland would end in October due…
South Korea’s KOMIPO seeks LNG for July delivery
South Korea’s Korea Midland Power Co (KOMIPO) is seeking 3-3.6 trillion British thermal units (TBtu) of liquefied natural gas (LNG),…
Some Urals flows to Asia diverted via Africa, India remains top destination
At least three tankers with Russian Urals oil on board chose a longer route to Asia around the Africa’s Cape…
Indian steel mills fear surge in Chinese imports after U.S. tariffs
India’s steel industry, already reeling from cheaper imports, is worried about a surge in shipments from China after the United…
Benin gives green light for Niger’s oil exports to China
Benin’s concession was a decisive step towards resolving a trade conflict between the West African neighbors that threatened to cause…
Strong Southern Hemisphere harvests drive reefer shipping growth
After a tumultuous year in 2023, the reefer sector has started 2024 on a stronger footing as healthy crops in…
Logistics Trade Bodies Unite in Calls for Industry Action on New EU Import Declarations
Global and European trade associations representing shippers, forwarders and vessel operators have issued an urgent alert to all businesses involved…