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(Bloomberg) The cargo ship that caught fire in the Atlantic while transporting roughly 4,000 Volkswagen AG vehicles to the U.S. has sunk despite efforts to tow it to safety.
The Felicity Ace sank 220 nautical miles off the coast of Portugal’s Azores Islands around 9 a.m. ....
(Bloomberg) Russia banned British airlines from flying to or over its territory, a move meant to punish the U.K. for imposing sanctions on Aeroflot over the attack on Ukraine. ....
(Bloomberg) It’s a car person’s nightmare: The special Bentley or Lamborghini you ordered half a year or more ago is finally on a cargo ship headed your way. Then the ship catches fire.
(Bloomberg) Omicron is ripping through cargo ships, raising concerns that a surge in cases, coupled with China’s tightened quarantine requirements for vessels, could delay supply chain stabilization for the shipping industry. ....
(Bloomberg) The number of passengers using Dubai’s main airport should double this year as borders reopen, though a recovery to pre-Covid levels may take until 2024, according to the chief executive officer of the Gulf hub. ....