Iran’s Khamenei describes a ‘difficult year’ of sanctions, virus
As Iran marked the beginning of a new calendar year on Friday, the country’s leaders pledged to improve the economy and domestic production in the…
Cathay Pacific scraps 96% of flights as virus stops travel
Cathay Pacific Airways Ltd. will slash passenger capacity by 96% in April and May as the coronavirus shuts down travel across the world.
Airline loans would come with conditions under GOP Senate bill
A Senate Republican proposal responding to the fast-spreading economic devastation from the Covid-19 outbreak includes $58 billion for loans to airlines that have seen traffic…
The fragile system supplying food to the world is under strain
Global warehouses are stuffed with frozen cuts of pork, wheels of cheese and bags of rice. But as the coronavirus snarls logistical operations, the question…
Air New Zealand agrees to government loan to keep flying
Air New Zealand agreed a two-year loan deal with the government to protect essential routes and ensure the national airline keeps operating as the coronavirus…
Virgin Atlantic staff back unpaid leave in bid to save carrier
Nearly all ground workers at Virgin Atlantic Airways agreed to take unpaid leave or exit their jobs as the coronavirus outbreak batters the industry, according…
Apollo buys part of United Airlines loan banks wanted to shed
Apollo Global Management Inc. has bought a chunk of a loan arranged by a group of banks that will help United Airlines Holdings Inc. boost…
State Department tells Americans not to travel overseas
The State Department raised its travel alert to Level 4 for the entire world, an unprecedented move aimed at keeping Americans from going overseas as…
Kalmar’s eco-efficient hybrid straddle carrier technology opens up new market opportunities in Japan
Kalmar, part of Cargotec, has signed an agreement with Tokuyama Kairiku Unso K.K. to supply a hybrid straddle carrier for the company’s operations at the…
World Container Index - March 19
The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia increased by…
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