ISLE OF WIGHT based VesselsValue says that 2020 is shaping up to be an exceptionally weak year for tanker, bulker and containership orders, reports...
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Shipbuilding orders fall on fear of new eco rules and global depression - Extension of airline payroll aid sought by unions, and Congressmen
A BIPARTISAN group of US Congressmen along with airline unions are calling for an extension of federal aid to prevent an expected wave of aviation...
- Southwest Airlines: Passenger numbers must triple to avoid layoffs
AMERICA's Southwest Airlines says passenger numbers need to triple by the end of the year to avoid layoffs, reports London's Air Cargo News
- United warns 36,000 US-based employees of apprehended layoffs
UNITED Airlines has notified 36,000 of its US employees, or 45 per cent of its workforce, that their jobs are at risk after federal payroll aid...
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Ships Hit Smaller Sea Animals More Often than Researchers ThoughtNew research sheds light on the range of creatures killed and injured by collisions
- Fitch Ratings: Vietnam outperforms Asian frontier sovereign countries
VIETNAM is positioned to stand out among Asia's frontier and emerging markets this year in terms of its economic resilience and success in...
- Qantas launches US$1.3billion placement and axes 6,000 jobs
AUSTRALIA's Qantas Airways has launched an AUD1
- Covid-19 cuts Spanish bunker sales 26pc, box ships suffer less
BUNKER sales fell by more than a quarter in Spanish ports in April as Covid-19 lockdowns weighed heavily on demand, reports London's Argus Media,...
- Major 'right-sizing' afoot, warns Cathay boss in wake of Covid blow
HONG KONG's Cathay Pacific Airways chairman Patrick Healy has warned that 'tough decisions will need to be made' by the fourth quarter of...
- Covid-19 lockdown cuts Mumbai's JNPT labour supply 70pc
MOST dockers, factory hands and truckers servicing Mumbai's Jawaharlal Nehru Port Trust (JNPT) have left for their hometowns impacting the...
- Britain touts plan for sweeping post-Brexit tariff cuts
BRITAIN has set out a post-Brexit tariff plan, cutting import duties on many products while protecting industries such as automotive and agriculture...
- Korean Air plans to raise US$817 million to stay afloat as flag carrier
KOREAN Air Lines plans to sell new shares to raise about KWN1 trillion won (US$817 million) after the coronavirus outbreak wiped out 90 per cent of...
- Airbus CEO warns of massive job losses coming soon from virus crisis
AIRBUS must 'act fast' to slash jobs as it confronts the sharpest downturn in the aviation industry, says CEO Guillaume Faury in a memo to...
- New York's Air Cargo World cuts back in face of coronavirus impact
AMERICA's Air Cargo World, the premier air cargo magazine with nearly 80 years in print, is cutting back in the face of the lack or advertising...
- British aviation queries flu quarantine as economically ruinous
BRITISH aviation executives question the scientific basis for the 14-day quarantine demanded of those arriving by air, reports the UK Guardian
- Oil climbs with demand uptick as Saudi hints at an early recovery
OIL advanced as the combination of an uptick in demand and Saudi Arabia's pledged production cuts spurred optimism over a market recovery,...
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British seafarers falling through Government's Covid-19 financial support net'UK seafarers unable to work due to Covid-19 should be able to access the government financial support made available to other British workers' says...
- DSV Panalpina to cut 3,000 jobs despite 'satisfactory' Q1 results
DANISH-OWNED freight forwarder DSV Panalpina announced that more than 3,000 employees could lose their jobs as a result of business lost to the...
- ONE keeps promise and sails into the black, but now faces virus challenge
JAPANESE container carrier Ocean Network Express (ONE) has posted a net profit of US$105 million for full-year 2019 after post-merger synergies...
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VLCCs: Charterers Regain Control, Suezmax: Rates tumbledA quieter week in both Middle East and Atlantic regions has allowed charterers to regain control as tonnage availability increases, with the...