Oil falls on COVID-19-induced demand worries, stronger dollar
Oil fell on Thursday on fresh fuel demand worries because of travel curbs to prevent new coronavirus outbreaks and delays with vaccines and a stronger dollar weighed on prices. West…
IMF lifts global growth forecast for 2021, still sees ‘exceptional uncertainty’
The International Monetary Fund on Tuesday raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn in 2020 would be nearly a full percentage point less…
Biden White House promises to bring back ‘truth and transparency’ in first press briefing
Biden Joe Biden was sworn in as the nation’s 46th president Wednesday, and Kamala Harris made history as the first Black, female and South Asian American to become vice president.…
Austal Australia introduces VOLTA series of electric-powered high-speed ferries
Austal Australia has launched the VOLTA series of electric-powered high speed ferry solutions, with the introduction of the Passenger Express 46V, a fully electric-powered 46 metre catamaran ferry design. Austal’s…
Brexit: First two weeks don’t bode well, supply chains in ‘severe shock’
After 47 years of mostly frictionless trade between the UK and European Community countries, an overnight transition to a new era of border controls and customs procedures was never a…
Rapid oil price rise divides fund managers
Hedge fund managers are starting to diverge over the likelihood of further oil price increases as Brent futures surge above $50 per barrel and global coronavirus infections accelerate. Hedge funds…
Philippines extends temporary crew change ban to China, Pakistan …Expands list to 33 countries
The Philippines has extended its temporary crew change restrictions to additional 13 new countries including the Peoples Republic of China, Pakistan and others. The list of countries from which it…
IEA to produce world’s first comprehensive roadmap to net-zero emissions by 2050
The International Energy Agency today announced that it will produce the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050 as it further strengthens its…
It’s a ‘hard sell’ if Biden govt wants to rejoin massive trans-Pacific trade deal, says analyst
The era of trade liberalisation is over, and it will be difficult for the incoming Biden administration to re-join the massive trade deal Trans-Pacific Partnership (TPP), according to an analyst…
Ocean shipping firms lead fight against empty container build-up
Ocean shipping lines are deploying sweeper and extra-loader vessels to Australia, at a high financial cost, to help clear the empty container build-up. The willingness of shipping lines to make…
