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North Africa
LSEG data indicates that France is set to ship rare wheat to Sudan
LSEG data showed that a ship in 'France will be loading '67,000 metric tonnes of wheat bound for 'Sudan in the next few days. This is the first shipment of this kind in 18 years. The data indicated that a bulk carrier would have begun loading at Rouen on Wednesday, before topping off next week at Dunkirk - another northern French port. According to data from the European Commission, France, as the largest wheat producer in Europe, hasn't exported wheat to Sudan since 2008. The traders are watching to see if the importers will look for alternative supplies of grain
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Transport Infrastructure
South Korean container ship to test Arctic route from Europe amid Western concerns
South Korea will launch a container ship bound for Europe via Arctic on Saturday, testing if a route made possible by melting sea ice is commercially viable. However, this could cause friction with Western allies as the journey'requires Russian collaboration. If the trip is successful, it would be South Korea's first commercial voyage via the Arctic to Europe. It would also place South Korea alongside China and Russia as the only countries that have run or tested cargo services on the route. PanStar Acro, which will depart from Busan and sail north, will stop at Felixstowe, Britain, Rotterdam, Netherlands, and
Passenger Transportation Services
Passenger Transportation Services
Police say that at least 23 people have died in a collision between a bus and a truck in Parana, Brazil.
The Federal Highway Police reported that at least '23 people were killed in a head-on crash between a bus, and a truck in Brazil's state of Parana early on Wednesday morning. The police said that five others were injured when the vehicles collided around 3 a.m. (0600 GMT) The majority of the victims were in the bus and 'the truck driver died as well,' according to a police statement. The report added that early evidence suggested that the truck had crossed the opposite lane. Police said that the bus involved in the accident was owned by the Imbituva Municipal Health...
Transportation
Rail accident investigators say that they have found evidence of track irregularities at the site of a UK train derailment.
Investigators of rail accidents said that on Wednesday, a track 'irregularity' was visible in?CCTV pictures taken just before a passenger train derailment that occurred last week in England that resulted in two serious injuries. Rail Accident Investigation Branch stated that "a track geometry irregularity was present on the immediate approach to the derailment point, before the accident occurred." There was evidence of previous track maintenance in this area. The accident near Lewes, in southern England, occurred during a sustained period of high temperatures in Britain. The investigation will include factors such as the effectiveness of hot weather mitigation, and the...
Passenger Transportation Services
IndiGo website downtime prevents some customers booking tickets
IndiGo, India's largest airline, did not allow some customers to book tickets on Wednesday. Instead they received a message saying "No data available". The airline that controls over 65% of India’s domestic aviation market?didn't immediately respond to an?ask for comment. IndiGo's website was unable to process bookings for journalists in three Indian cities. Another travel booking website said that "the airline's systems are experiencing a problem at the moment". When booking a ticket, the website said "Please try again shortly". Several people?on the social media platform X complained that they 'were unable' to?book flights?or?complete?online check in. In December, the airline...
Passenger Transportation Services
Bloomberg News reports that DBS is working on a succession plan for its long-serving Chairman Peter Seah.
Bloomberg News reported on Wednesday that DBS Group is working on a plan to replace its long-time Chairman Peter Seah. Seah has been the leader of the bank for 16 years. He has done a great job in leading the lender since joining the board and becoming the chairman in 2010. A DBS spokesperson confirmed that Seah is still the non-executive Chairman of DBS Group Holdings but declined to comment on the chairman search. According to the website of DBS, Seah is a veteran Singaporean?banker who has served as DBS's non-executive chair and also chairs its Hong Kong unit and...
Passenger Transportation Services
Rehearing of India's SpiceJet bankruptcy case will be a setback to lessors
A court in India said that the bankruptcy petitions of?aircraft lessees against cash-strapped SpiceJet would be heard by a 'new bench' after SpiceJet reached a settlement at the last minute with one lessor. This is a blow to the aircraft leasing companies who have been fighting for years to recover their debts from India's fourth-largest carrier. However, it is a respite for SpiceJet because its current management will continue to run the airline while the insolvency cases are reviewed. The National Company Law Tribunal prepared an?judgment that covered eight petitions against SpiceJet. However, it said the withdrawal of one petition...
Passenger Transportation Services
Bloomberg News reports that DBS is working on a succession plan for its long-serving Chairman Peter Seah.
Bloomberg News reported on Wednesday that DBS Group is working to develop a succession plan for its long-time chairman Peter Seah. Seah has been the leader of the bank for over 16 years. He has performed his duties in leading the lender ever since he joined the board in 2009. DBS responded to Bloomberg's questions by saying that Mr. Peter Seah is still non-executive Chairman of DBS Group Holdings. DBS didn't immediately respond to an inquiry for comment. According to the website of DBS, Seah is a veteran Singaporean banker who has served as non-executive chairperson and chairman of DBS's...
Passenger Transportation Services
Air New Zealand appoints former Air India CEO Campbell Wilson to its board
Air New Zealand announced on Wednesday that it will appoint Robert 'McDonald and former Air India CFO Campbell Wilson as members of its board. This appointment is effective on September 24 when the annual shareholders meeting takes place. These appointments are made as New Zealand's national airline deals with delayed aircraft deliveries, engine problems that persist and high fuel costs resulting from the Middle East conflict. Campbell Wilson, a New Zealander by birth, has more than 30 years of aviation experience. After nearly four years as chief executive of Air 'India, he stepped down in early April amid persistent losses...
Passenger Transportation Services
The government confirms that the ferry was over-capacity.
The government said that the ferry, which capsized last week on Lake Kariba in 'Zimbabwe, was carrying 180 passengers. This is double the number of people the police had estimated. The Herald, a state-controlled newspaper in South Africa, reported that it was the worst transport disaster to have occurred there since 1991. That bus crash claimed 89 lives. The boat capsized as it was traveling from a town in northern Zimbabwe called 'Kariba' to a rural community located on a lake after being hit by powerful?waves. Police said that the ferry was only meant to carry 90 people, last week....
Passenger Transportation Services
American Airlines will restore seatback screens and add premium seats to its profit-driven push.
American Airlines announced on Tuesday that it will add more premium seats to its narrowbody aircraft and bring back seatback entertainment screens. The airline is focusing on the higher-spending traveler as it attempts to close a large profit gap between Delta Air Lines (DAL) and United Airlines. Robert Isom, CEO of American Airlines, has increased the number of premium upgrades in order to boost earnings. U.S. carriers are competing more aggressively with each other for premium revenue. American Airlines said that premium seating will increase to about 40% of seats in narrowbody departures from the current 25%. As aircraft reconfigure...
Passenger Transportation Services
Australia's Alliance Aviation hires Steven Greenway, a veteran CEO
Alliance Aviation Services, Australia's charter flight operator, announced on Tuesday that Steven Greenway has been appointed as its chief executive. Stewart Tully is leaving after more than a decade. Greenway has more than 25 years' experience in international aviation leadership. He began his career with Qantas, and then held senior leadership positions at Singapore Airlines, Scoot, the budget airline, and SkyEurope Airlines. Greenway was most recently the head of flyadeal, a low-cost airline division of the Saudia Group. The Alliance?shares fell by 0.5% just before the announcement of the new CEO. The company is navigating a turbulent period. The Alliance...
Transportation
Board overseeing Washington Dulles Airport to vote on $19.9 Billion overhaul plan
Washington Dulles Airport's board of directors will vote Wednesday on a $19.9-billion overhaul plan. This includes $3.75-billion to build new underground tunnels and replace the slow vehicles that transport passengers along tarmac. In a summary posted on Monday, Metropolitan Washington Airports Authority stated that the $6.2 billion renovation of the main terminal of the Washington area's primary international airport is scheduled to begin late in 2027. The Metropolitan Washington Airports Authority said the construction of new?tunnels will begin in early 2020, to remove "People Mover' vehicles and extend to a new concourse. Construction of one new concourse planned would not...
Passenger Transportation Services
AirBaltic bondholders in Latvia agree to waive two interest payments
AirBaltic's bondholders agreed to allow the airline to?skip interest in?August?and November?as it?seeks?fresh investment?, the Latvian state-controlled airline announced on Monday. Holders of over 75% of the EUR380 million ($440 millions) in bonds issued by the airline with a coupon of 14.50%, voted to add the interest to principal rather than receive cash payments. The holders waived the?minimum liquidity requirement' until November. The company stated that "the approved resolutions ensure continuity of airBaltic operations. Passengers can book future travel with confidence. LSM, the national broadcaster, reported that Latvian Prime Minister Andris Kuulbergs stated that bondholders have not approved of the entire...
Ground Transportation
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...
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...
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...