Virgin Atlantic Cargo axes Shanghai route over cost concerns
Not even boundless volumes of ecommerce could save Virgin Atlantic’s Shanghai route, as higher costs ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
Ukraine’s government body, National Agency on Corruption Prevention, has added Emirates president Tim Clark to its blacklist of ‘international war sponsors’.
Ukraine has been incensed by DP World’s MoU agreement with Russian energy company Rosatom, to develop a northern sea route, a strategic project that Rosatom claims will bring $224bn to the Russian budget. But Ukraine claims the deal “benefits the terrorist state from cooperating with DP World”.
Mr Clark is a non-executive director of DP World, which sent its chief executive Sultan Ahmed Bin Sulayem to a signing ceremony in St Petersburg in June, at the behest of the UAE government. Emirates still flies to Moscow and St Petersburg.
DP World told The Loadstar in a statement: “We are aware of the actions of the NACP. DP World complies with all international sanctions related to the Russian invasion, actively assists those affected in Ukraine, and supports a prompt and peaceful resolution to this devastating conflict. We are engaging with the relevant stakeholders in Ukraine through the appropriate channels to resolve the matter.”
Comment on this article