UK-HEADQUARTERED handler John Menzies saw its air cargo volumes decline by 37 per cent year on year in April as a result of the coronavirus...
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John Menzies warns of redundancies as cargo volumes plunge - MPC Containers Ships seeks US$15m in recapitalisation plan
OSLO-LISTED German container line MPC Containers Ships is seeking approval from its bondholders and lenders for a recapitalisation plan designed to...
- Ship operators spending more on Covid measures for crewing sector
IMPORTANT measures taken by ship operators to ensure the safety of seafarers around the globe are proving costly as well as tricky, warns Henrik...
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Salvors save 2.3M tonnes of pollution!Emergency towage tugs and salvage companies saved 214 vessels from danger in 2019 and prevented environmental pollution worldwide.
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U.S. warns of pirates in southern Gulf of Mexico!The U.S. government on Wednesday issued a warning about the threat posed by pirates to boats and oil installations in the southern Gulf of Mexico.
- 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...
- TAPA warns of crime surge as lockdowns are eased
THE Transported Asset Protection Association (TAPA) has warned of an expected spike in cargo thefts as coronavirus lockdowns are eased across Europe,...
- China's outbound airfreight rates are declining - but slowly
NEW figures for the past week from the TAC Index and Freight Investor Services (FIS) show airfreight rates out of China have continued to fall,...
- China warns of 'new cold war' as US trade tensions rise
THE prospects of a trade war between China and the western economies have increased rapidly in recent days as Beijing accused the US of pushing...
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Iran warns to US over Venezuela-bound tankers: IRNAIRAN has warned the US against making threats to Iranian fuel tankers bound for Venezuela, the state-run Islamic Republic News Agency reported
- 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...
- Delta to retire Boeing 777 jets, warns of layoffs to stop cash burn
DELTA Air Lines is retiring its fleet of Boeing 777s, warning its pilots of layoffs as it faces collapse in the travel market, the result of the...
- Increasing risks form the accumulation of cargo: TT Club warns
THE current pandemic has disrupted global supply chains in a wide variety of ways and in particular the significant build-ups of goods produced in...
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Manning sector warns of massive unemploymentDisrupted global supply chains due to the coronavirus disease 2019 (Covid-19) pandemic, ships being sold, hampered transportation and employment...
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Still a long way to go in coronavirus battle, WHO chief warnsThe head of the World Health Organization (WHO) has warned against complacency as countries continue to confront COVID-19 and citizens grow weary of...
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Wärtsilä’s Smart Support Centre delivers fast remote service responseThe technology group Wärtsilä announces the launch of its global Smart Support Centre service. This service is aimed at improving asset uptime...
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Piracy and armed robbery a threat to ships’ crews, warns IMBSeafarers face continuing threats from pirates and armed robbers on the world’s seas, says the ICC International Maritime Bureau (IMB), reporting...
- CAPA warns of airlines going bankrupt in 10 weeks all virus casualties
SYDNEY's Centre for Aviation (CAPA) says coordinated government and industry action could prevent many of the world's airlines from going...
- Box carriers take major hit from coronavirus, sparking survival fears
ON intra-Asia container shipping routes there have been 544 service suspensions of seven to 30 days by internationally trading box ships since...
- US ports to welcome 2M's former goliaths on the Asia-Europe trades
THE Swiss Italian Mediterranean Shipping Co (MSC) is preparing to pull the world's largest containership, the 23,756-TEU MSC Mia, as well as the...