Transport Infrastructure

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Passenger Transportation Services

The death toll is expected to reach dozens after a passenger ship sinks off the coast of Guyana

Authorities feared that dozens of people may have died after a 'ferry carrying 133 passengers capsized late Saturday night off the coast Guyana. They suggested an incorrect passenger list or drug use on the part of the crew could have been responsible. Guyana's authorities have not found any survivors since Sunday afternoon, when they announced that they had rescued 15 children and 67 adults. At a late-night press conference on Sunday, Juan Edghill, Minister of Public Works, said that the captain and several members of his crew are in police custody. Edghill stated that search and rescue was still ongoing....

Passenger Transportation Services

The passenger ship that sank off the coast of Guyana is believed to have taken dozens of people with it.

Guyana authorities report that a ferry with 116 passengers, including 15 children, has sunk off the coast of Guyana, in South America, late Saturday night. 67 people, including those who were rescued, have been rescued. According to local media, an air traffic control tower received the distress call from the MV Barima at 11:01 pm on Saturday night, which triggered a search and rescue mission. The ferry capsized, along with?17 other crew members,?off of the North 'Atlantic Coast on its way to Port Kaituma. The ferry's departure point was not known. At a Sunday morning press conference, Prime Minister Mark...

Passenger Transportation Services

A spokesperson for the government says that Jordan has not ordered evacuation from Aqaba seaport or airport.

The Jordanian government has not made any decision to evacuate the airport or seaport of Aqaba on Sunday, despite the U.S. Embassy in Amman stating that they were evacuated because of a credible threat. In a written report,?government spokeswoman Mohammad Al-Momani said that "no potential threats were recorded by the relevant Jordanian Authorities in the last few hours." "The port and airport are operating normally." The U.S. Embassy?had stated that the?airports and seaports were evacuated because of a "specific, credible threat" without providing any further details. The Jordanian authorities advised Americans not to travel to either of the two locations...

Passenger Transportation Services

CFM wins approval for jet engine durability boost

CFM International, a jet engine manufacturer, announced that it had received approval from the U.S. as well as?Europe for an upgrade to improve 'durability of engines utilised on Boeing 737 -MAX -jets. The "durability kit" will be available for LEAP-1B engine models that are powered by Airbus A320neo jets, which use the LEAP-1A model. CFM executives said in a press briefing before the Farnborough Airshow that it would double "time on wings" or gaps between critical repairs, especially for hot and harsh environments such as?the Middle East or India. In recent years, long waiting times for repair have been a...

Passenger Transportation Services

Latvian PM: We are in discussions with a strategic investor to save airBaltic

Prime Minister Andris Kubergs said that the Latvian government was in talks with a strategic investor to help airBaltic. The carrier is trying to stabilize its finances and avoid default. These comments are made ahead of a meeting on August 3, at which airBaltic - in which Lufthansa Germany has a minor stake - will ask bondholders for short-term funding. Kulbergs said in an interview with the?widely-reaching Kulbergs on Thursday that they were talking to a serious company. He declined to identify it. "It's a matter of executing this summer... We have to take the necessary steps to prepare the...

Passenger Transportation Services

Air China and Shenzhen Airlines purchase 55 Airbus jets at a list price of $12.4 Billion

Air China and Shenzhen Airlines, China's flag carrier, will purchase 55 -Airbus aircraft at a list price of $12,4?billion. The move is part of the Chinese flag holder's efforts to modernise and expand its fleet. Air China has agreed to purchase 15 A350-900 wide body jets. Shenzhen Airlines, on the other hand, will buy 40 narrow-body A320neo family aircraft. This is according to an Air China filing with the Shanghai Stock Exchange. Delivery of the A350-900 jets is scheduled between 2030 and 2032. The A350 900 jets are valued at about $6.09billion based on Airbus list prices for January 2025....

Passenger Transportation Services

There are some flights to the Middle East that have resumed but there is still disruption.

Some airlines have maintained their suspensions, while others are increasing the number of flights they offer to certain parts of the Middle East following the conflict caused by the U.S.-Israeli?strikes against Iran. Here is an alphabetical update on the status of flights. AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Dubai and Erbil until September 30. AIRBALTIC The cancellation of flights to Dubai is effective until October 24. AIR CANADA Canadian Airlines has canceled flights to Tel Aviv, Dubai and Abu Dhabi until October 24. AIR FRANCE-KLM Air France suspends its Beirut flights from August 2 to...

Passenger Transportation Services

Families of the Pakistan cargo crash call for international assistance to find black boxes

Families of the five crew aboard a Boeing 737 cargo aircraft that crashed in the Arabian Sea near Pakistan last week are urging a global search to locate the flight recorders and determine the cause. The debris from the K2 Airways cargo plane was recovered shortly after the crash on July 7, but the depth of the water is approximately 3,000 meters (9,800 feet). Aviation experts who are familiar with deep-water crashes like Air France 447, in 2009, say that finding the "black boxes", would require an expensive underwater search. They may also need foreign assistance. The locator beacons of...

Passenger Transportation Services

Farnborough Airshow shifts focus to weapons and wars from jets

As security threats spiral, defence is expected to be at the forefront of Britain's Farnborough Airshow. Aerospace and arms makers are struggling to keep up with demand for weapons and cement a fragile recovery in civil jet and engine production. The Ukraine war is in its fifth year, and the Gulf ceasefire has been shattered. These risks are likely to push the annual competition between Boeing and Airbus over commercial jet orders in the July 20-24 trade show down the pecking-order. Air Chief Marshall Harv Smyth of the Royal Air Force told the International Air Chiefs Conference before the show...

Passenger Transportation Services

China's leading airlines warn of heavy losses in the face of an uncertain summer

China's largest airlines are facing a 'challenging' outlook for the summer peak travel season after warning of heavy 'losses' in the first half. Weaker demand has raised doubts about their ability to absorb higher fuel costs. Air China, China Eastern Airlines, and China Southern Airlines warned on Tuesday that they expect combined first-half losses of up 9 billion yuan (1,33 billion dollars). This is a stark reversal to their combined first quarter profit, which was boosted by a strong Lunar New Year market. These losses highlight the dilemma faced by Chinese airlines. Raising fares to cover higher fuel costs could...

Passenger Transportation Services

US leads investigation into Ryanair Boeing 737 engine malfunction over Greece

The U.S. National Transportation Safety Board announced Thursday that it will be leading the investigation into a recent incident where a passenger was partially sucked from a Ryanair Boeing 747's broken window in Greece. The NTSB stated that Greece delegated to it the leading role in the investigation. According to the Federal Aviation Administration and video, a piece of engine fell off the Boeing 737 NG shortly after takeoff from Thessaloniki, Greece on 10 July. The plane was headed for Germany when it lost pressure and had to make an emergency landing. Ljubisa karovic, a Serbian national, was pulled from...

Passenger Transportation Services

Argentine fans book flights to the US for World Cup Final against Spain

Argentina fans bought flights to the United States within hours of the national carrier putting on special services for the Sunday World Cup final in New Jersey against Spain. This shows that Argentina is willing to pay almost any price to support the defending champions. Aerolineas Argentinas, a state-run airline, said that two special Buenos Aires to New York flights released on Wednesday evening had sold out by the morning of Thursday. The flight was priced at $5,000 for economy class and $10,000 for business class, which is far higher than the usual fares. Spain won a 2-0 victory over...

Ground Transportation

Ground Freight

Amtrak, the US passenger rail company, sets a record for ridership and cuts losses

Amtrak, the U.S. passenger rail company, said Tuesday that it had set records for revenue and ridership in a single year. It also cut its losses by 15 percent to $598 millions and is aiming for profitability by 2028. Amtrak is a major effort in rehabilitating the infrastructure of the Northeast corridor between Boston, Massachusetts and Washington. It is expanding service throughout the United States by purchasing new Acela trains with higher speeds and replacing regional trains from next year. Amtrak reported that in the twelve months ending September 30, it had 34,5 million trips made by customers, an increase...

Transportation

Whaleboat sinks into river in Congo, killing at least 107 people

According to a government internal report viewed by us on Friday, at least 107 people died when a whaleboat caught blaze in the west of Democratic Republic of Congo. In a memo, the Ministry of Social Affairs stated that 146 people were missing after the boat, which was a narrow double-ended open vessel, caught fire near Malange Village in Lukolela Territory on Thursday night. The note stated that rescue teams recovered 209 survivors after the vessel burnt and drifted downriver. The fire destroyed the cargo and 15 riverside houses. The search operations continued Friday, with community volunteers and naval personnel...

Ground Transportation

As inventories shrink, premiums for copper contracts on the nearby LME soar.

The premiums for copper contracts near London Metal Exchange have increased to their highest level since October 2022 due to low inventories, large cash contracts and warrants held by traders. The title document that confers ownership on metal is a warrant. Tom-next, also known as the premium or backwardation that is charged for purchasing copper tomorrow and then selling it the next day, is currently trading at above The price of a metric tonne is $48. This compares to a $2 discount at the beginning of the week. The premium for the cash Copper Contract over the Three-Month Forward It...

Passenger Ground & Sea Transportation