Ethiopian Airlines announced on Wednesday that it will purchase five big 777 freighters from Boeing, the latest effort by Africa's largest cargo operator to dramatically expand its fleet ahead of a predicted increase in trade volumes for the region. The purchase follows an earlier letter of intent signed by Ethiopian...
Motive boosts valuation of $2.85B after raising $150M
Motive, formerly KeepTruckin, revealed on Wednesday that it has raised $150 million in series F funding. Motive now has a $2.85 billion valuation, up from $2.3 billion after the company's Series E fundraising round last June. Motive officials stated that the additional funding will be used to invest in more...
Russia’s tanker industry is thriving. Strong oil exports.
Shipping of containerized freight into Russia has ceased. Tanker cargo shipping out of Russia is booming. It appears that the globe does not miss-selling consumer products to Russians but cannot stop buying Russia's oil outright. Sanctions do not prevent container ships from calling in Russia. Nonetheless, they've stopped, suffocating import...