Abu Dhabi / WAM AD Ports group’s Safeen Feeders has launched a new UAE-China service, deploying a recently purchased container vessel, Safeen Power, with a capacity of 3,400 TEUs. The monthly service will connect the Chinese ports of Shanghai, Qingdao and Ningbo directly with Khalifa Port in Abu Dhabi, opening an important new trade route. It will be Safeen ...

Bloomberg Gazprom PJSC said it will shift its contract to supply gas to China to rubles and yuan from euros, as the Kremlin steps up efforts to move trade out of currencies it considers “unfriendly” amid US and European sanctions. The state-run gas giant signed an additional agreement to its existing contract with China National Petroleum Corp on the issue, ...

Bloomberg Soaring petrol prices in the UK caused millions of people to avoid driving this summer, according to the country’s Office for National Statistics. About 44% of people experiencing a cost of living squeeze took fewer non-essential car trips, according to an ONS survey. The figures — combined with Visa credit card data showing people put less fuel in their ...