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June 5, 2020
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Reuters - Business

U.S. sanctions four shipping firms for transporting Venezuelan oil

Reuters
(Reuters) – The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington’s effort to oust socialist President Nicolas Maduro by cutting off the OPEC nation’s crude exports. FILE PHOTO: U.S. Secretary of State Mike Pompeo speaks to the......
Reuters - Business

Qatar Petroleum’s $19 bln LNG vessel order boon for S.Korean shipbuilders

Reuters
SEOUL (Reuters) – South Korea’s ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied natural gas (LNG) ships, analysts said on Tuesday. FILE PHOTO – Giant cranes of Hyundai Heavy Industries are seen in Ulsan, South......
CNBC Business

How Amazon tried to get shoppers to buy less so it wouldn’t get overwhelmed in early days of coronavirus crisis

CNBC
CNBC – For more and to sign up click here Amazon has seen a huge surge in sales as people shopped from the safety of their homes during the coronavirus pandemic, but orders faced heavy delays as the e-commerce giant struggled to keep up.  In order to catch up, Amazon......
CNBC Business

World’s largest shipping firm says almost 10% of its fleet has been idled due to coronavirus

CNBC
CNBC – For more and to sign up click here Shipping giant A.P. Moller-Maersk on Wednesday warned of a sharp contraction in container demand over the coming months, citing the “profound impact” of the coronavirus pandemic on global trade. “Our expectation is that we will see demand significantly down in......
CNBC Business

Ford and 3M begin shipping respirators to frontline health workers fighting coronavirus pandemic

CNBC
CNBC – For more and to sign up click here Ford, with design and testing consultation from 3M, and close coordination with the CDC’s National Institute for Occupational Safety and Health (NIOSH) has developed a new powered air-purifying respirator (PAPR). Ford Ford Motor is beginning to deliver powered air-purifying respirators......

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