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Sweden orders French warships to strengthen its defense
During a ceremony 'in Stockholm - on Monday - the Swedish Prime Minister Ulf Kristinsson and French President Emmanuel Macron signed an order for four Naval Group Frigates. Sweden, NATO's new member, is rushing to increase its military power after the Russian invasion of Ukraine in 2022 forced it to abandon its long held?policies of neutrality. European governments have, more generally, increased their defence spending as a'response' to the pressures of U.S. president Donald Trump. They are also less confident that they can rely on U.S. assistance. Macron said that "France and Sweden in the 'European Union' and NATO demonstrate that European sovereignty is built together." He said that the order from Sweden "strengthens industrial and technological base of European defence in a time when Europeans are taking greater responsibility for their security and consolidating NATO's "European pillar." In May, Sweden announced that it would "order" the vessels from the French company as part of a $4 billion contract which will triple its air defence capability. The first of the four new ships, which will be Sweden's largest ship, is expected to be delivered by 2030.
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Sweden inks French war ship order
Sweden's Defence Material Administration?signed an?order?for four Naval Group navy frigates?on Monday during a ceremony in Stockholm - attended by French President Emmanuel Macron, and Swedish Prime Minister Ulf Kristiersson. In May, Sweden announced that it had ordered the vessels in a $4-billion deal with?the French firm. This will?triple its air defence capability in the face of security threats on the Baltic Sea. Sweden, NATO's new?member, has been rushing to?upgrade its military in the wake of Russia?s invasion of Ukraine. The first of four new frigates - which will be the largest ships in the Swedish navy - is expected to be delivered by 2030. The deal comes at a moment when France and Sweden are deepening defence ties. They want to push for greater 'European military independence', as doubts about the commitment of U.S. President Donald Trump -to Europe- have prompted governments on the continent to reconsider their dependence on American weapons and security guarantees.
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School head: Last-minute flood warnings saved more than 900 Nepalese students
Last Wednesday, Headmaster Rajendra Dawadi, was at his school in Bidur, Nepal, when his accountant entered and shouted: "The flooding is coming!" The flood is coming, the flood is coming! Teachers at Tribhuvan Trishuli secondary school began to receive panicked calls from family and friends. A roaring wave mud water had already made its way upstream through the valley, flattening whole towns. The accountant received a phone call from a family member in Rasuwa. Rasuwa was the first to be hit, and had only 14 minutes to evacuate. This decision saved both students and teachers lives. The school was rebuilt in Nepal after the devastating 2015 earthquake, which killed 9,000 people. It is located on a peninsula, wedged between the Trishuli River and a Hydropower Canal. In an interview, Dawadi said that "we immediately said: stop the class and ring the bell." The school is no more and the former site of its location lies within the riverbed. A PANICKED Escape At the time of the initial warning, over?900 students were present on campus. Dawadi claimed that he had instructed buses carrying more students towards the school to move to safer grounds and began to evacuate the building. Dawadi reported that at least one fainted as chaos spread. Motorbikes were used by parents, teachers and students to collect their children. Some were transported to safety by bus, while others ran up higher or climbed to safety. The 60,000-person town was flooded by the time the final?bus had crossed the nearby bridge over the river, approximately 14 minutes later. Dawadi reported that the old bridge collapsed as "our bus crossed over the new bridge". Headmaster Dawadi, who was a student at this school before becoming its 'headmaster', now wants authorities to rebuild it in a secure location as quickly as possible. Only God can do this Many parents credit Headmaster Dawadi for saving their children. "He was a god. He gave my daughter, and many other children's lives. "Only God can do it," said Man Maya Tamang (50), who thought initially that she had lost Sushmita. Many others in Bidur were not warned until it was too late. Dawadi reported that at least one staff member?and mother of the school accountant are missing. The accountant was able to take his father uphill, but when he returned to get his mother the house had been swept away. Dawadi claimed that he managed to get his father up the hill, but his house was destroyed when he returned with his mother.
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Shipper: Danube queue to Ukrainian ports has grown to 80 vessels
A shipper reported on Monday that the queue of vessels waiting to enter?the?Danube to reach Ukraine's river ports?has increased to around 80 in the last five days. However, the number allowed to pass through the route has also been increasing. Russian attacks on Ukraine have effectively blocked the main Black Sea ports that handled 90% of Ukraine's grain exports. Kyiv has been forced to divert cargo via Danube river -ports which have far less capacity. Last week, shipping agencies reported an increasing backlog at Sulina Canal's entrance. This is the only Danube canal deep enough to allow vessels to travel to Ukraine's port of Reni or Izmail via the Black Sea. The delays have been attributed to the shortage of pilots as well as to the necessity to prioritize certain cargoes including fuel shipments. Traffic through the canal has improved. Last week, only five vessels per day entered the canal. This is expected to increase to at least seven on Monday. Since this morning, seven vessels have been piloted. "We expect that around noon, more vessels will enter the canal after the pilots depart vessels heading out to sea", said KaterinaKononenko, from Avalon Shipping. She added, "in theory, if 10 vessels can be moved into Sulina each day, then we will be able clear the queue, which is?about 80 ships." Kononenko stated that it could take up to several weeks for the queue to be reduced to 10 vessels. A rise in the inbound traffic may create bottlenecks at departures as more vessels are required to exit the canal for mandatory inspections. More Shipments Last week, officials at Ukrainian railway operator Ukrzaliznytsia stated that exports could increase via the Danube. However, operations are still?hampered' by frequent air raid alerts and vessel shortages. According to a monitoring service, the Odesa region has experienced 300 air raid alerts in total since August began. These alerts lasted a total of 238 hours. The alerts can prevent entire days from being spent without unloading a single grain truck. Ukrzaliznytsia has said that it can transport up to 500,000 metric tonnes of grain per month to Izmail or Reni. Analyst data revealed that the volume of grain headed to Danube port increased by 35% in the past week.
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Turkey has a Black Sea grain plan, and is in touch with Russia and Ukraine
Hakan Fidan, the Turkish Foreign Minister, said that the country has prepared a 'plan for the safe passage of grain through the Black Sea. It is in contact with both Russia and Ukraine about it. The Turkish government has expressed its willingness to revive an?agreement? brokered by the U.N. that allowed grain to be removed from Ukraine during wartime. "We are working on a plan and we're in touch with both sides about this plan," Fidan said at a press conference in Istanbul. "If necessary conditions are met, we will work to reach another agreement similar to that of the grain deal." The United Nations and Turkey helped to mediate the so-called Black Sea Grain Initiative, which was agreed on in July 2022. This initiative allowed the safe exportation of nearly?33 millions metric tons (about 66 million pounds) of Ukrainian grain through the Black Sea. In 2023, Russia withdrew its agreement after complaining about'serious obstacles' to?its own food and fertilizer?exports.
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Sources say that India's Fly91 is close to ordering 20 ATR turboprops.
Three sources with knowledge of the matter have confirmed that Fly91, an Indian regional airline, is on its way to ordering at least 20 turboprops from ATR in order to expand its fleet. The deal represents a significant wager on the Indian regional aviation market, where the government is trying to connect dozens of smaller towns through a "subsidised connectivity scheme", despite the fact that many routes have already been discontinued. Two sources said that the order could include options to purchase several additional aircraft. Two sources said that an announcement could come as soon as this week. ATR's spokesperson declined to comment. Fly91 did not respond immediately to a comment request. Sources spoke under condition of anonymity, as the negotiations were?confidential. The sources said that the deal was not finalised, and that the number of planes and timing of the announcement may change. ATR HAS DOMINATED THE TURBOPROP MARK This deal is a major boost for ATR. It dominates the turboprop market but relies on a small number of markets to place its orders. India and Indonesia are two of the most active markets for turboprops, which are economical for short domestic or island-hopping flights and prized for supporting regional development. Fly91 operates ATR 72 600s from Goa’s Manohar International Airport to a dozen or so destinations. The airline has said that it will induct 30 aircraft to connect over 50 cities within 5 years. Convergent Finance, a private equity firm, is backing the airline. India, which is the fastest-growing aviation industry in the world, announced earlier this year that it would invest $3 billion to expand air travel in underserved areas of the country. The scheme is called Ude Desh Ka?Aam nagrik or "let the average citizen fly." India will continue to subsidise routes that are otherwise unviable and develop 100 airports using existing airstrips.
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EU Aviation Safety Agency narrows Gulf Airspace Warning
The European Union's?Aviation Safety Agency extended Monday its warning for airlines to avoid airspace over the waters of the Persian Gulf in Bahrain, Kuwait and Qatar, while reducing an earlier advisory which recommended avoiding all airspace within the four countries. The latest advisory comes just hours after U.S. and Iran resumed hostilities, the first since late July. EASA's newest advisory to the Persian Gulf nations stated that "while risks remain high over the waters of this region, operations necessary for arrivals or departures at aerodromes in the affected Flight Information Regions can be carried out with enough mitigation." The agency asked that operators exercise caution when flying over the land of these nations and to avoid operating in the Gulf of Oman within Oman's Muscat Flight Information Region. The agency has lifted its previous advice that airlines should avoid Jordanian airspace but still advised them to be cautious until 'September 30. EASA has also extended its recommendation that airlines do not operate in Iran, Iraq and Lebanon's airspace until the end of September. The agency said that flights landing or departing the Lebanese Capital Beirut were 'permitted' if they'start from the sea or end over the sea.
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Ground crews at Qantas Airways in Australia vote to strike over "rock-bottom" pay
Ground crew members at Australia's biggest airline, Qantas Airways voted on Monday for strike action due to pay and conditions. The 'Transport Workers Union' said that 97% of the 350 workers who voted supported a?industrial action?, including work stops?ranging from an hour to 24 hours. A strike date has not been announced. Before taking industrial action, the union must give at least three days' notice. Michael Kaine, national secretary of the union, said that although ground workers didn't want strike, after falsely being promised by this airline that they would be treated with respect, there was no other option. The union said that the workers' "pay, safety, and conditions" had fallen to the lowest levels. The strike threat follows Qantas long-haul flight pilots who voted for industrial action in early August before reaching a wage agreement with the airline. Qantas stated in a press release that it was "committed to reaching an agreement" with its employees that included annual pay increases. The details of the airline's proposal were not made clear. The Fair Work Commission said that the discussions with the Fair Work Commission were constructive, and that negotiations continue. We are focused on a deal that addresses the issues employees told us were most important, such as pay and full-time employment opportunities. Qantas said it has contingency plans in place to minimise any impact on its operations, if there is a strike. The subsidiary Qantas Ground Services employs its ground staff as casual or part-time workers. They do not work on mainline or international services. The Transport Workers Union stated that "QGS employees are calling for job stability, a fair wage rise after years in which wages were frozen, and to bring back the scattered work groups under a single Qantas banner instead of pitting them against each other." Qantas' ground staff and the Fair Work Commission of Australia are due to meet on September 18 for talks. Qantas reported A$2,06 billion ($1.47billion) in annual underlying profits before tax on Thursday, a fall of 14% attributed to an increase in fuel costs due to the Middle East conflict.
GLP Japan raises $3.76 billion to build logistics centers, Nikkei reports
The Nikkei reported that GLP - Japan has raised 600 billion dollars ($3.76 billion) to create a fund for building logistics centers. This is a result of an influx in overseas capital.
GLP Japan is a Japanese subsidiary of Singapore-based logistics firm GLP.
The?Tokyo GLP Japan fund's investments, including borrowings, will total 1.7 trillion yen. This makes it the largest real estate fund in the country, according to?Nikkei.
The report stated that the majority of investors are from outside Japan. The Canada Pension Plan Investment Board allocated 150 billion yen.
The funds raised are expected to be used for the construction and renovation of up to 40 large facilities across Tokyo, Nagoya, and Osaka. The report said that cold-storage facilities will be complemented by e-commerce-ready facilities.
GLP was unable to respond immediately to a comment request outside of 'normal business hours.
Nikkei reported that institutional investors in Japan, Middle East pension funds, Asian government-backed funds, and US and European pension funds will also provide support.
(source: Reuters)