Logistics News

ADNOC resumes exports of naphtha via an alternative route to Oman, traders claim

The price of Asia's naphtha has fallen to its lowest level since early March, as Abu Dhabi National Oil Co (ADNOC), resumed exports via the Omani Port of Sohar in May, according to traders. This could provide an alternative supply route, which would ease the supply crisis caused by the U.S. and Israeli war against Iran. ADNOC stopped exporting petrochemical feedstock of around 1 million metric tonnes per month from its Ruwais Refinery in April, after the war curtailed shipping via the Strait of Hormuz. Last month, the United Arab Emirates producer resumed exports by using tankers to transport cargoes
Transportation

Sources say that the CPPIB in Canada and Czech EPH are potential buyers of Uniper.
UN warns that funding cuts may worsen Rohingya crisis

The U.N. Refugee Agency warned on Tuesday that declining funding for humanitarian aid could significantly worsen the conditions of around 1.2 millions Rohingya refugee?in Bangladesh nearly nine years after their departure from Myanmar as aid -groups struggle to maintain?essential?services. The United Nations and their partners are struggling to support one of the largest refugee populations in the world as global crises multiply, donor budgets get tighter and the number of refugees increases. UNHCR reported that the pressure on Myanmar has increased with the arrival of more than 150,000 Rohingya Muslims in early 2024. They fled renewed violence there. In recent
Transport Infrastructure

MSC confirms crew is safe after vessel was hit by projectiles on Monday in Iraq's Umm Qasr Port
Space investing booms as Impulse Space raises $500 Million at a valuation of $4.26 Billion

The startup Impulse Space has announced that it raised $500 million as part of a Series D round of funding. According to a source familiar with the situation, the funding round values SpaceX at $4.26 Billion. Tom Mueller was SpaceX's very first employee. He led the development of rocket engines which helped Elon Musk turn his company into "the world's leading launch provider". Impulse reported that the round was led by 137 Ventures, a venture capital firm, and Banner VC, a venture capital firm. The total capital raised by Redondo Beach-based Impulse is now more than $1 billion. JUST ABOVE
Passenger Transportation Services

There are some flights to the Middle East that have resumed but there is still disruption.

As regional carriers rebuild their schedules following war-related disruptions, some airlines are slowly restoring flights to the Middle East. However, the conflict continues disrupting wider traffic flows. Middle Eastern airlines increased capacity following severe disruptions linked to the Iran War, but many carriers outside the Gulf still divert Europe-Asia flight to avoid the area. The latest flight information is listed below alphabetically: AEGEAN AIRLINES Thessaloniki-Tel Aviv flights are cancelled until June 26 by Greece's largest airline. Dubai flights are cancelled until August 31. Erbil and Baghdad flights will be cancelled until July 2. AIRBALTIC AirBaltic, a Latvian airline, has announced
DHL Express believes that aviation fuel is secure for the summer despite Iran War

Poland and Baltics look to protect energy assets after undersea cable cuts

The Baltic states are working with Poland to protect the energy facilities they need as they decouple their power grids from Russia, Lithuania's energy minister told Reuters, following damage to undersea cable televisions in the area. Polish and baltic state-run power grid operators are working on an arrangement to guarantee the smooth running of the decoupled system, and how to repair it if needed, Zygimantas Vaiciunas said in an interview...

Transport Infrastructure

Federal regulator suspends review of Union Pacific and Norfolk Southern's $85 Billion merger

The U.S. Surface Transportation Board announced on Thursday that it had paused its review of Union Pacific's and Norfolk Southern's $85billion merger application, as it sought a?larger?amount of information from the companies. In morning trading, shares of Union Pacific dropped 4.2% while Norfolk's fell 5.4%. STB, who has exclusive jurisdiction for railroad mergers, said that the companies' merger request had been accepted but that proceedings, including environmental review, were put on hold. The Department of Justice may provide non-binding legal advice. The STB stated that "Several aspects of revised application are unclear or underdeveloped, and need to be supplemented at...

FAA expects Boeing MAX 7 certification this summer and sees production increases

The 'head of the Federal Aviation Administration' said Wednesday that he expected the Boeing 737 MAX 7?to be certified this summer, and the MAX 10 - the larger version - to be approved by the end of?the?year. Bryan Bedford, FAA Administrator, said at an aviation conference in Washington that he expects Boeing to increase production of the 737 MAX again in the next ninety days. He said that the FAA backed Boeing's decision of increasing production from 42 planes per month to 47 planes. Bedford stated that it was important to the country for Boeing to be successful. "We're absolutely...

Boeing increases 737 production following consultation with FAA

Boeing will increase 737 production from 42 to '47' jets per month, following consultation with the Federal Aviation Administration. Boeing CEO Kelly Ortberg announced this on Wednesday. At the Bernstein Annual Strategic Decisions Conference,?Ortberg stated that "we're off and running?at the rate of 47 and we should be there within the next two months." Boeing's fourth 737 production facility in Everett (Washington) will allow the company to produce 52?jets per month by early next year. Ortberg stated, "I believe the entire world is watching to ensure we make (rate) 47 or 52." The FAA capped 737 production at '38 per...

The paper trail that links a US fuel dealer to a Mexican cartel

According to Mexican sources who have direct knowledge of this matter, and four Mexican government documents, Ikon Midstream is being investigated in Mexico for fuel smuggling. Documents and sources indicate that the probe is part and parcel of ongoing investigations on maritime shipments from the U.S. to Canada of petroleum products in an alleged scheme of evading a large tax due for these imports. Ikon Midstream was allegedly one of the "central pieces," in a alleged scheme that involved one of Mexico's largest crime groups, Jalisco New Generation Cartel, or CJNG. According to a document, Mexico's Attorney General's Office?opened an...

China reports that Xinhua says it is not acceptable for third parties to interfere with Panama ties.

During a meeting between the Panamanian Foreign Ministry Javier Martinez-Acha and China's foreign minister Wang Yi, Xinhua's official news service reported that Beijing was prepared to 'deepen practical collaboration with Panama'. It also urged Central American countries?to protect Chinese firms' 'rights'. Wang, who met Acha at a United Nations Security Council Meeting in New York said 'China-Panama ties shouldn't be subjected to third-party intervention, Xinhua reports. This is a reference to U.S. pressuring over Chinese-linked facilities near the Panama Canal which handles 5% global maritime trade. The meeting follows months of tension about the future of the two major container...

FAA wants to fine Alaska Airlines $165,000 for allowing drunken passengers on board

The Federal Aviation Administration proposed Tuesday that Alaska Airlines be fined $165,000 for allegedly allowing 'intoxicated' passengers to board multiple flights. The FAA stated that the alleged incidents took place on 11 flights between Feb 2024 and Feb 2025. They added that FAA regulations prohibit airlines from allowing anyone who appears intoxicated to board a plane. Alaska has said that it took the matter seriously and participated in a FAA audit of its policies regarding guests who are drunk on aircraft. Alaska announced Tuesday that since the FAA shared these concerns with us more than a year earlier, we have...

Passenger Transportation Services

Israel's El Al resumes San Francisco flights between Tel Aviv, Silicon Valley and Tel Aviv

El Al Israel Airlines announced on Monday that it will resume nonstop flights between Tel Aviv, Israel and San Francisco starting October 25. The airline cited a demand for a route connecting the two tech hubs. The three 15-hour weekly flights were given the number LY49 in honor of the San Francisco 49ers Football team. Shlomi Zafrani is El Al's Vice President of Commerce and Sales. The opening of this new route is intended to "respond to the significant demand from businessmen and Israelis in the region and to facilitate a more convenient and direct connection between Israel, Silicon Valley...