Aeromexico plunges on tender offer in bankruptcy restructuring
Grupo Aeromexico SAB holders will be offered one Mexican cent per share ahead of the company’s exit from Chapter 11 restructuring proceedings. The stock fell…
[FBX Weekly] Ocean rates stable but still high, with no signs of easing demand
Key insights: 1 Ocean rates stayed stable on all major lanes this week, and the latest NRF projections show no signs that demand is waning…
New milestone in Volvo Penta’s electrification journey
Volvo Penta continues to pass milestones in its electrification journey as part of the Volvo Group's extensive electromobility agenda. The Volvo Group recently announced its…
FAA announces first-year airport funding amounts from bipartisan infrastructure law
The U.S. Department of Transportation’s Federal Aviation Administration (FAA) will award $2.89 billion made available by the Bipartisan Infrastructure Law to 3,075 airports around the…
Tempory port rotation changes on Liberty & America Services
Due to the congestion issues in US East Coast ports impacting schedule reliability and causing delays to shipments, MSC has decided to combine the calls…
Latam Air creditors slam bankruptcy plan, tout Azul offer
Latam Airlines Group SA’s official low-ranking creditor group is unhappy with the Chilean carrier’s bankruptcy exit proposal, arguing a sale to rival Azul SA could…
World Container Index: Drewry’s weekly assessment for December 16th
Our detailed assessment for Thursday, 16 December 2021
Ørsted grows leadership team in New England, appoints Verdi as Senior Manager of Government Affairs and Policy
Ørsted, the global leader in offshore wind development, announced today the hiring of Nicole M. Verdi as Senior Manager of Government Affairs and Policy in…
Giant kites that drag cargo ships across oceans go on trial
Add ships being dragged along by giant kites to the list of things the industry is exploring in its quest to decarbonize.
Realterm acquires 12,000 SF final mile warehouse in New York City
Realterm announces the acquisition of a 12,000-square-foot final mile distribution facility in the Bronx, a borough of New York City. Located at 4825 Baldwin Street,…
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