
-
Passenger Transportation Services
Air India is in talks with Boeing about 10 planes that Chinese airlines have rejected.
Air India and Boeing are in discussions to purchase around 10 737 MAX aircraft after Chinese customers began refusing to accept deliveries due a trade dispute with the United States. Two people who were familiar with the talks confirmed this. Boeing CEO Kelly Ortberg stated on Wednesday that, "due the tariffs many of our Chinese customers have indicated that will not be taking delivery", the company may redirect jets to customers who are in need. Both the United States and China have imposed tariffs exceeding 100% each on the other. Air India, according to two sources who refused to name
-
Passenger Transportation Services
Air India is in talks with Boeing about 10 planes that Chinese airlines have rejected.
Air India and Boeing are in discussions to purchase around 10 737 MAX aircraft after Chinese customers began refusing deliveries due to the trade war between the United States and China. Boeing CEO Kelly Ortberg stated on Wednesday that, "due the tariffs many of our Chinese customers have indicated that will not be taking delivery", the company may redirect jets to customers who are in need. Both the United States and China, two of the world's largest economies, imposed tariffs exceeding 100% each on the other. Air India, according to two sources who refused to name themselves because the talks
Passenger Transportation Services
Passenger Transportation Services
Documents show that Vietnam cracks down on fraudulent US exports
According to a document reviewed, the Vietnam trade ministry issued a directive to crackdown on illegal transshipment of goods into the United States or other trading partners in order to avoid high U.S. Tariffs. In the directive, dated April 15 and in effect that day, the ministry said that trade fraud would likely increase due to growing tensions caused by U.S. Tariffs. It said that if fraud was not prevented it would "make it more difficult to avoid the sanctions that countries would apply to imported products" The directive didn't name specific countries from which transshipment fraud could originate. Vietnam...
Passenger Transportation Services
Dollar weakness and resilient Chinese demand are driving iron ore prices higher.
Iron ore prices saw a slight decline on Monday. Prices were supported by a near-term demand for ore and weakened U.S. dollars, which outweighed ongoing trade tensions between the U.S. The May contract for the most traded iron ore on China's Dalian Commodity Exchange closed at 715.5 Yuan ($98.15), a 1.27 percent increase. As of 0707 GMT, the benchmark May iron ore traded on Singapore Exchange was 1.69 % higher at $99,15 per ton. In a recent note, Hexun Futures said that the hot metal demand was strong and production at an all-time high. Iron ore demand is usually gauged...
Passenger Transportation Services
Malaysia Airlines to buy new Boeing jets if China rejects them
Malaysia Airlines parent company, Malaysia Aviation Group is in talks with Boeing to acquire new jets if Chinese Airlines stop taking delivery, according to its managing director, who spoke at a Malaysian news outlet Bernama. Boeing is returning some 737 MAX aircraft to the U.S. after placing them in China before delivering to Chinese customers. It is unclear who made the decision, as neither Boeing nor China have commented on the reason for the return of the jets. Malaysia Airlines didn't immediately respond to our request for a comment. If Boeing delivery slots become available as a result of the...
Passenger Transportation Services
Dollar weakness and resilient Chinese demand boost iron ore prices
Iron ore prices recovered on Monday as a result of a weaker dollar and near-term demand for ore. However, ongoing trade tensions with China, the top consumer, limited gains. As of 0244 GMT, the most traded May iron ore contract at China's Dalian Commodity Exchange was trading 0.78% higher. It was 712 yuan (US$97.70) per metric ton. The benchmark iron ore for May on the Singapore Exchange rose 1.23% to $98.7 per ton. In a recent note, Hexun Futures said that the hot metal demand was strong and production at an all-time high. Iron ore demand is usually gauged by...
Passenger Transportation Services
Boeing jet from China returns to the US, a victim in Trump's tariff war
The Boeing jet, intended for a Chinese carrier, was returned to the U.S. production center of the planemaker on Sunday. It is a victim the bilateral tariffs imposed by President Donald Trump as part of his global trade offensive. A witness said that the 737 MAX was intended for China's Xiamen Airlines and landed on Boeing Field in Seattle at 6:11 p.m. (0111 GMT). The Xiamen livery was on the aircraft. The jet was among several 737 MAX aircraft waiting for completion at Boeing's Zhoushan center before being delivered to a Chinese airline. This month, Trump raised the baseline tariffs...
Passenger Transportation Services
Malaysia Aviation Group to report $12 Million Net Profit in 2024
Malaysia Aviation Group (Malaysia Airlines' parent company) reported on Thursday a net income of 54 million Ringgit ($12.24million) for the 2024 financial period. Malaysia Airlines is still struggling to recover two deadly disasters In 2014, the airline temporarily reduced its capacity by 18% last year after it was You can find out more about it here The Malaysian civil aviation authority found several safety and maintenance problems. Izham Ismail, MAG's managing director, told a press briefing that despite the capacity cuts the passenger traffic remained strong in the premium segment. Both the passengers and the cargo segments had higher load...
Passenger Transportation Services
OMV reports that the petrochemical plant in Schwechat near Vienna has broken down
The petrochemicals plant at Austrian Oil and Gas Company OMV's Schwechat Refinery near Vienna Airport broke down on February 2. This caused it to switch over to high-flare operation, which alarmed the passersby. It also prompted fire brigade calls. OMV's largest refinery, Schwechat, is one of Europe's largest. It has a capacity to process 9.6 million tonnes crude oil per year. Borealis is a petrochemicals company that's partly owned by OMV, and it's going through a merger. It has a production site next to the refinery. OMV released a statement that said, "On April 15, 2025, at 10:00 am (0800...
Passenger Transportation Services
Northern China is on high alert for Mongolian typhoons
Beijing has warned its 22 million residents to avoid non-essential travel. It has also postponed major sporting events and closed parks. Dozens were cancelled. The state-run Xinhua News Agency reported that a cold vortex coming from Mongolia will sweep through northern Chinese provinces on Friday afternoon and continue into the weekend. It is expected to bring unusually strong winds with gusts up to 150 kph. Climate change has made extreme weather conditions more common. Strong winds bringing sand and dirt from Mongolia are not unusual at this time of year. Beijing has issued its first orange-colored gale warning in 10...
Passenger Transportation Services
Ukraine's Railways restores half of IT Services affected by Cyber Attack
Ukrzaliznytsia (Ukraine's state railways), the largest cargo carrier in the country, announced on Wednesday that only half of its IT systems had been restored after a massive cyberattack took place at the end of March. The first outage reported was on 23 March when the rail company informed passengers of a problem with its IT system, and encouraged them to purchase tickets in person or on trains. Later, the company said that its online systems were subjected a targeted large-scale cyber attack. Both a Ukrainian official of security and a senior source of the government, speaking under condition of anonymity...
Passenger Transportation Services
Strike by Greek workers over wages stops ships, planes, and trains
The strike of Greek workers, which began on Wednesday, caused ferries to dock at ports, flights into and out of the country to be grounded, and trains to stop running. Greece's biggest trade unions demanded higher wages in order to deal with rising costs. Greece is now out of its debt crisis from 2009-2018, which resulted in wage and pension cuts that were repaid by bailouts totaling 290 billion euro. The economic growth rate of 2.3% in this year is outpacing that of other economies within the eurozone. Since 2019, the conservative government has raised the minimum wage monthly by...
Passenger Transportation Services
Greek strikes stop trains, planes and ships
The strike of Greek workers, which began on Wednesday, caused ferries to dock at ports, flights into and out of the country to be grounded, and trains to stop running. Greece's biggest trade unions demanded higher wages in order to deal with rising costs. Greece is emerging from the 2009-2018 debt crises that saw wage and pension cuts and bailouts of 290 billion euro. The economic growth in Greece this year was 2.3%, which has been higher than other economies in the Eurozone. The conservative government, recognizing the progress of the country, has raised the minimum monthly wage to 880...
Passenger Transportation Services
Sources say that the US is considering adjusting its port fees plan for Chinese vessels in response to pushback.
Six sources claim that the Trump administration may soften its proposed fee for China-linked vessels visiting U.S. port after receiving a lot of negative feedback. The industries said it could be financially devastating. Six sources familiar with the issue said that the six changes being considered include a delayed implementation as well as new fee structures aimed at reducing the cost of visiting Chinese vessels. Sources asked to remain anonymous due to the sensitive nature of the subject. The White House, and the Office of the U.S. Trade Representative(USTR), the government agency involved in the draft of the proposal, have...
Ground Transportation
Shippers around the world are waiting to hear if the US will be imposing port fees on vessels linked to China
The U.S. Trade Representative will announce on Thursday its plan to levy port fees on China linked ships, as part of President Donald Trump’s efforts to revitalize domestic shipbuilding and combat China's dominance in the high seas. The USTR has a statutory deadline of April 17 to complete its remedies. After concluding that China is using unfair policies and practices in order to dominate global shipping, the agency concluded its investigation one year ago. U.S. trade representative Jamieson Greer said last week that the agency will not implement all aspects of its initial fee proposal. The original proposal outlined a...
Document shows that China and Vietnam will assess the viability of new rails.
According to an agreement reviewed by, China and Vietnam agreed to begin feasibility studies on two new lines during Chinese President Xi Jinping’s visit to Hanoi last week. Both neighbours have been talking about upgrading two railways built by France more than 100 years ago and developing a third direct connection along their adjacent coast. In response to growing concern over U.S. Tariffs, Xi urged Vietnam Monday to strengthen its supply chains. Components made in China are often assembled before they are exported in the north of Vietnam. To Lam, Vietnam's top leader, said that the construction of three railways...
The LME now has 88% of Russian metal, up from 78% before.
LME data on Thursday showed that the proportion of aluminium with Russian origin registered in warehouses at the London Metal Exchange increased to 88% from 75%, and the percentage of Indian origin decreased to 11%. To comply with U.S., British and European sanctions over Russia's invasion of Ukraine in 2022, the LME has banned all metals produced in Russia from its warehouse system after April 13, 2024. Metal made before April 13, 2024 can still be traded. Stocks of aluminium with Russian origin, or those on warrant The end-of-March figure was 200,700 tons, up from 155125 tons in February. The...