Wallenius SOL snaps up UK ro-ro operator Mann Lines
PRESS RELEASE: Swedish shipowner Wallenius SOL, a 50% shareholder of ro-ro giant Wallenius Wilhelmsen, has ...
KO: ABOUT ALL THAT TARIFF NONSENSEKO: PROCUREMENTKO: TARIFFS AND IMPACT OUTSIDE OF THE USKO: TARIFFS AND IMPACT IN THE USKO: TRADING UPDATE HD: DIY RE-PRICINGZIM: A RISING TIDE LIFTS ALL BOATSTSLA: CHINA THREATDAC: KEY REMARKSDAC: SURGING GM: SUPPLY CHAIN WOESMAERSK: ROTTERDAM TEMPORARY SUSPENSION OF OPERATIONSATSG: OWNERSHIP UPDATERXO: COYOTE FILLIP GONEGM: SUPPLY CHAIN HITBA: CUT THE FAT ON THE BONER: STEADY YIELD
KO: ABOUT ALL THAT TARIFF NONSENSEKO: PROCUREMENTKO: TARIFFS AND IMPACT OUTSIDE OF THE USKO: TARIFFS AND IMPACT IN THE USKO: TRADING UPDATE HD: DIY RE-PRICINGZIM: A RISING TIDE LIFTS ALL BOATSTSLA: CHINA THREATDAC: KEY REMARKSDAC: SURGING GM: SUPPLY CHAIN WOESMAERSK: ROTTERDAM TEMPORARY SUSPENSION OF OPERATIONSATSG: OWNERSHIP UPDATERXO: COYOTE FILLIP GONEGM: SUPPLY CHAIN HITBA: CUT THE FAT ON THE BONER: STEADY YIELD
Aeroflot and Transaero are to merge after the national carrier’s board voted to buy 75% plus one share of the country’s second carrier. Transaero has debts amounting to some $990m, so Aeroflot is expected to pay just one ruble for the stake. It will likely give the combined carrier a 50% share of the domestic passenger market. Transaero said in a statement it had been hit by a “perfect storm” of the ruble’s devaluation, and high payouts on foreign currency loans for its expanded fleet. But the combined carrier could be boosted by rivals leaving the market. Finnair is to suspend its services to Nizhny Novgorod next year, while Cathay and Thai have already left the market. Delta and Lufthansa have also cut services to Russia.
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