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US sanctions imposed on Iranian shipping network take effect
The US has warned commercial and maritime industries that they too risk sanctions if they do business with the Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Company. The US has also asked governments to investigate activity by those companies in t...
Inside the early warning system of global trade, according to Alan Murphy
Here, he explains the importance of blank sailing data as an indicator; about how one-quarter of carriers would be bankrupt now if the market had not already slimmed down; how there have been four stages of shipping in Covid – starting with Chinese new year to “the calm before the storm” perio...
Economic recovery for carriers could be faster than expected
If so, indicates the article, airlines could recover far quicker than the two-to-four-year forecast they have suggested. But as we are all learning very fast, the world works in mysterious ways and the shocks may just keep on coming… Read more... ...
Why are bailed-out US airlines cutting their workers’ hours?
However, it appears carriers have decided to ignore that condition, and several, including Delta and United, have cut their staff hours. But politicians have complained to the Treasury, in a letter seen by CNBC, which says: “The creative position held by these airlines is that an hours cut is some...