The ‘No-Fail’ Mission to Protect the Red Sea Isn’t Working
For all the costly hardware the U.S. and its allies have thrown at the Houthis from Yemen, they haven’t been able to stop the attacks on civilian freighters and warships in the Red Sea.
March 27, 2024CATL Works With Tesla on Fast-Charging Cells
Contemporary Amperex Technology Co. Ltd. is working on faster charging batteries for Tesla Inc. as Elon Musk’s automaker seeks to defend its market share and roll out an electric car for under $25,000.
March 25, 2024Biden Eyes Chinese Shipbuilding Subsidies as Tensions Simmer
President Joe Biden pledged to look into a petition from a group of unions asking his administration to review China’s subsidies for shipbuilders.
March 13, 2024Global Fuel Prices Are Surging With Supply Risks Ahead
Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices in the run-up to a U.S. presidential election.
March 12, 2024Houthi Missile Damages MSC Containership in Gulf of Aden
Houthi militants attacked and damaged a Swiss-owned container vessel on March 4 in the Gulf of Aden, as the Iran-backed group continues to roil shipping in the region.
March 5, 2024OPEC+ Extends Oil Cuts Through June
OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.
March 3, 2024Lineage Logistics Leads US IPOs Heading for Second Quarter
Lineage Logistics is leading a crop of private companies weighing initial public offerings in the U.S. as soon as the second quarter, according to people familiar with the matter.
February 9, 2024Leading Container Maker Sees Profit Jump in Hydrogen Business
China International Marine Containers Group, the world’s biggest manufacturer of shipping containers, is seeing a surge in revenues from its hydrogen business, a good sign for the fuel.
February 8, 2024Biden Freezes Approvals of New Licenses for LNG Exporters
The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.
January 26, 2024Red Sea Chaos Starting to Impair Profits Across Industries
With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.
January 23, 2024