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New advisory group aims at better deal for truckers
The Safe Rates Advisory Group's inaugural meeting in Melbourne today will kickstart a process aimed at producing safer and better conditions for road haulage subcontractors and their drivers.
Australia and Denmark disagree on crew fatigue
The Danish Maritime Authority has rejected an Australian Transport Safety Bureau (ATSB) assertion that a six hours on/six hours off crew roster could lead to dangerous seafarer fatigue, an ATSB fatality report released today reveals.
CMA CGM misses restructure deadline
CMA CGM has again overshot its target date for completing talks with its banks on restructuring its US$5.6bn debt.
IATA sees positive signs as aviation's horror decade ends
The international aviation industry is expected to record a US$5.6bn net loss next year, but the news for the Asia-Pacific region is upbeat.
Hapag-Lloyd may not need government safety net
Struggling German container line Hapag-Lloyd reported an operating loss of €675m (US$982m) in the first nine months of this year, but may not need to use government guarantees to back its loans should markets recover next year.
China Cosco could face US$735m loss
China Cosco Holdings, the listed arm of China’s largest shipping company China Ocean Shipping (Group), could post a full-year net loss of around Yuan5bn (US$735m).
