The European Union slapped its first sanctions on Russia targeting the Kremlin’s liquefied natural gas shipments. (WSJ)
Airbus says it won’t meet its targets for commercial aircraft deliveries this year. (WSJ)
Danish drug maker Novo Nordisk will spend $4.1 billion to build a second fill and finishing factory in Clayton, N.C. (WSJ)
China-founded online apparel giant Shein filed confidentially for an initial public offering in London. (WSJ)
At least 22 people were killed in a fire at a lithium-battery factory in South Korea. (WSJ)
Nissan closed a factory in Changzhou, China, that the automaker had opened less than four years ago. (Nikkei Asia)
South Korea’s automotive exports to North America jumped 36.3% in May from the same month last year. (Korea Herald)
Private-equity firm EQT will acquire European refrigerated storage specialist Constellation Cold Logistics. (Dow Jones Newswires)
The Dali containership left the Port of Baltimore for Norfolk, Va., three months after the vessel collapsed the Francis Scott Key Bridge. (Baltimore Sun)
Transshipment container volume at Spain’s Valencia port jumped 13.1% in May. (Port Technology)
Loaded container imports into the Port of Houston rose 18% in May. (DC Velocity)
Germany’s Hamburg Commercial Bank acquired the shipping loan portfolio of Dutch competitor NIBC. (ShippingWatch)
GXO will start using humanoid robots from Apptronik at some of its warehouses. (Logistics Manager)
Target opened a fourth “flow” distribution center aimed at more rapid replenishment of store inventories. (Supply Chain Dive)
United Parcel Service hasn’t started buying air-conditioned package vans that it promised to add under an agreement with the Teamsters union. (CNN)
Read More: World News | Entertainment News | Celeb News
WSJ
