Fret SNCF faces bleak future as EC forces it to give up routes
Fret SNCF is facing a bleak future as it is poised to relinquish some the ...
The Hong Kong government is set to inject HK$30bn (US$3.87bn) into Cathay Pacific as part of wider HK$39bn recapitalisation plan the airline is undertaking to enable it to continue operating through the coronavirus pandemic. According to this report from the South China Morning Post, the funds will give Hong Kong’s government a 6.08% stake in the company – and although existing shareholders Swire Pacific, Air China and Qatar Airlines will contribute the remaining HK$9bn, their shareholdings will be reduced, giving the government a greater say in Cathay’s management. “In exchange for equity, the government will be taking up two “observer” boardroom seats in an unprecedented shake-up that will empower it to have a direct say in how the airline is run, sources have told the Post.”
THE Alliance suspends transpacific service, but more capacity cuts needed
EXCLUSIVE: Top executive leaves DB Schenker
Lithium batteries blamed for blaze at UK warehouse storing electric scooters
Maersk insists CMA CGM deal is not a change in green strategy
Evergreen steps up scrapping with two-ship sale as Indian steel prices firm
Multi-billion $ Flexport dish – prepared, baked and served
EXCLUSIVE: Kuehne + Nagel unveils new Europe leader
Shippers 'conned' by greenwashing: lies, damned lies, and logistics
Box lines hit by rising fuel costs as OPEC cuts supply
China Railways launches new 50ft container designed for express rail services
Cargolux back in the air as management and unions reach agreement
Little hope of 2024 upturn in box shipping trades, says Yang Ming
Carriers offered joining bonuses by Adani's Kattupalli to win business from Chennai
MSC's second-hand ship shopping spree continues despite declining vessel values
Capacity crunch at Mexico-US border as nearshoring shift boosts freight flows
Cosco starts China’s first full intermodal service for vehicle exports
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article