The agreement between US and Iran being finalised had not changed Jotaro Tamura’s view US President Trump said in a Truth Social post that ships loaded with oil are starting …
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Singapore Airlines and Scoot carry a total of 3.6 million passengers, a 5.2% year-on-year increase [SINGAPORE] Singapore Airlines (SIA) Group’s passenger traffic grew 4.9 per cent year on year in …
The country could move toward electric trucks at an even faster pace than targets indicate [BEIJING] China rolled out a push to electrify heavy trucks, a policy that is likely …
Researchers interviewed by Reuters said Tesla’s figures are highly misleading Tesla enthusiast Kees Roelandschap drives around hands-free with his electric car, several days after Dutch regulators approved the use of …
With limited information so far, there was little activity in the strait in the early hours of Jun 15 Iran’s grip on Hormuz, combined with a US blockade, has created …
Sea freight rates have spiked up to three times in general since the Middle East war erupted Nerijus Poskus, Flexport's global head of ocean procurement, is bullish about premium express …
In a joint letter, they are calling for 70% of vehicles sold in EU to source 70% of their value from within the bloc The EU has been weighing a …
It aims to operate 3,000 autonomous vehicles, comprising 10% of its fleet, by 2030 [SINGAPORE] Transport operator ComfortDelGro (CDG) expects China and Singapore to be its prime markets for autonomous …
The airline expects the service to start in August or September, subject to market conditions AirAsia was hit hard by volatile jet fuel prices as it was forced to cut …
The crash on Jun 12, 2025, killed 260 people in the world’s deadliest air disaster in a decade The Air India 787 headed to London crashed shortly after take-off from …
The company has struggled to restore growth after its domestic sales were hit by intensified competition with local peers over the past year To achieve that goal, the firm would …
IATA director-general Willie Walsh said the benefits are temporary and will not make a long-term difference because the Gulf hubs will recover once stability is restored in the region. PHOTO: …
He also rejected Lufthansa’s criticism that Gulf carriers enjoyed an unfair regulatory advantage [BERLIN] Emirates president Tim Clark warned on Tuesday (Jun 9) that weaker airlines could fail if the …
New systems will increase capacity to process small and medium-sized parcels from 100,000 to 300,000 per day Combined with existing capacity for large parcels, total daily throughput capacity at the …
Retired executives blame CEO Mibe for China neglect, EV missteps Honda CEO Toshihiro Mibe, who became CEO in 2021, will accept a 30% pay cut for three months to take …
The moves aim to strengthen the company’s finances and reassure investors before its upcoming IPO GLP still has about US$5 billion of assets outside of China after the sale of …
Electric vehicle sales remain sluggish in the United States and some other countries In recent years, VinFast has shifted focus to South-east Asia and India, targeting high-population markets, though it …
Exports grow 75.1% but the increase isn’t enough to counter the domestic slump BYD’s total vehicle sales rose for the first time in nine months in May. PHOTO: REUTERS [BEIJING] …
Several tankers have managed to leave the Gulf recently, but oil and liquefied natural gas flows are still severely constrained The US-Israeli war on Iran has largely cut oil flows …
For now, some carriers have sought to benefit from the regional competitive dislocation British Airways, which is part of IAG, as well as Deutsche Lufthansa and Air France-KLM, have pushed …
Iata says it expects the industry to post combined earnings of US$23 billion this year, down from US$45 billion in 2025 Willie Walsh, director general of Iata, expects some smaller …
Airlines across the world are grappling with higher fuel costs because of the Iran war IAG, which owns British Airways, plans to offset 60% of fuel costs through revenue and …
Fuel price volatility and inflation sit at the top of the industry’s risk agenda, found a recent survey The Jun 6 to 8 annual Iata meeting comes as that fuel …
Turning out more jets is critical to its financial recovery after losing more than US$30 billion recently The planemaker’s stated goal is to raise production to 63 jets a month. …
The bank hikes its price target on the electric-vehicle maker’s shares to US$475 from US$145 JPMorgan analysts say Tesla's revenue is forecast to more than double to roughly US$203 billion …
Electric vehicles and hybrids account for almost half of the cars sold in Australia in May BYD’s momentum is likely to continue, with the firm this month using one of …
Singapore Airlines has opened discussions to buy at least 50 of the industry’s biggest jets, Reuters reported earlier Qantas operates some 128 jets and is in the middle of a …
The carrier is seeking offers for the 400-seat Boeing 777X or the slightly smaller Airbus A350-1000 SIA is one of the largest buyers of long-haul jets, with a reputation for …
EV demand, high diesel prices and short supply will continue driving upward pressure: observers Demand for heavy electric trucks, such as this BYD T35, has been turbocharged by incentives introduced …
CEO Sean Lee says company is riding growth momentum and hiving off shipyard business to Fuji Offset in RTO to fund expansion The firm on May 15 proposed injecting Marco …
Cumulative deliveries hit 1.1 million as at end-May The Chinese electric vehicle maker delivered 150,526 vehicles in the year to date, a 68.7 per cent year-on-year rise. PHOTO: BLOOMBERG [SINGAPORE] …
Some of the ships that have crossed belong to companies that had not transited Hormuz since the war began The increase in transits through Hormuz could signal that more shipping …
The most advanced chip globally is the 2nm N2 node made by Taiwan Semiconductor Manufacturing Company BYD is waiting for China to formalise legislation allowing more consumer-facing deployment of self-driving …
It will design and construct elevator shafts at 30 pedestrian overhead bridges OKP's order book stood at S$760.7 million as at May 28, with projects until 2031. PHOTO: TAY CHU …
Michelin said the job cuts would be on a voluntary basis and staff would be offered mobility and training opportunities to shift towards new roles. PHOTO: WIKIPEDIA FRENCH tyre maker …
Teo Siong Seng, also known as SS Teo, is among seven executives from the four companies named in the US Department of Justice's statement. PHOTO: BT FILE [SINGAPORE] The US …
A rebound in the domestic market has yet to materialise, despite the sector’s continued export strength Nio CEO William Li said China remains the most efficient place to invest in …
There is ‘no doubt’ demand has a K-shaped pattern, says CEO Robert Isom Stronger revenue, premium demand and corporate travel are set to help American Airlines cushion the hit from …
Reductions highlight the vulnerability of the South Asian nation’s aviation industry to external shocks IndiGo has cut around 7% to 10% of its planned domestic flights for the period, sources …
The automaker which is pivoting toward robotaxis, humanoid robots and flying cars, did not disclose the size of the backing by the investment fund. PHOTO: BLOOMBERG [BEIJING] Chinese electric vehicle …
The company is on course to achieve FY2029 targets of S$8 billion in revenue and 20 per cent Ebitda margins Sats pays out 30-40 per cent of its net profit …
For now, some in the shipping industry are sceptical about the prospects of a deal to reopen the strait Iran has threatened to exercise control of the strait and recently …
LTA is closely monitoring traffic in the Orchard area, which has seen speeds persistently lower than optimal. PHOTO: CMG [SINGAPORE] Electronic Road Pricing (ERP) operations may return to the Orchard …
Vessels carrying Middle East oil, LNG exit Hormuz amid US-Iran peace talks, head for Pakistan, China
They are among a handful of supertankers exiting the Gulf in May via a transit route that Iran has ordered ships to use [SINGAPORE] Two liquefied natural gas tankers are …
The plan to invest £48.7 million to make up to 340,000 units a year has been cancelled Nissan has said it will cut the number of its auto production plants …
The Singapore and Malaysia car retailer’s staying power stems from its management and people, says Wilfrid Foo Industry observers think recent moves by C&C's parent company could be preparations for …
The Singapore and Malaysia car retailer’s staying power stems from its management and people, says Wilfrid Foo Industry observers think recent moves by C&C's parent company could be preparations for …
The ride-hailing giant has been making acquisitions overseas to strengthen its position internationally Uber on May 18 disclosed it had boosted its stake in Frankfurt-listed Delivery Hero. PHOTO: REUTERS [SAN …
The carrier has been the most impacted airline in the region by number of suspended flights Qatar Airways' profit dropped about 10% to 7.08 billion riyals (S$2.5 billion) in the …
Campbell Wilson said it was always clear that he would hold a four-year term, but would take steps to help his successor “I’m going to be flexible for as long …
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