FREIGHTER airline Atlas Air Worldwide has announced it is being acquired by investment funds led by Apollo Global Management in an all-cash deal that values the company at $5
https://www.seanews.com.tr/apollo-led-investors-buy-airline-atlas-air-worldwide-for-5-2b/194124/
The Supreme Court of Ohio last week approved a permit for the construction of North America’s first freshwater offshore wind farm, Icebreaker Wind. The six-turbine, 20.7 MW offshore project will be developed by the Lake Erie Energy Development Corporation (LEEDCo) in Lake Erie, north of Cleveland....
https://splash247.com/first-freshwater-offshore-wind-farm-in-north-america-approved-by-court/
BANGLADESH is considering staggered holidays for garment manufacturers to tackle a worsening power crunch caused by fuel shortages, reports Bloomberg
https://www.seanews.com.tr/bangladesh-to-stagger-worker-holidays-to-ease-power-cuts/194114/
GE Shipping’s CFO G Shivakumar declared rates are falling as congestion in Chinese ports eased while cargo demand dropped, reports New Delhi’s Financial Express
https://www.seanews.com.tr/shipping-lines-face-pressure-as-freight-volume-falls/194117/
CATHAY Pacific Cargo has resumed its weekly Boeing 747 freighter service from Toowoomba Wellcamp Airport in Queensland, Australia, to Hong Kong, according to a Linkedin post
https://www.seanews.com.tr/cathay-pacific-cargo-resumes-weekly-queensland-hong-kong-service/194123/
WAGES for US truckers rose significantly in 2021 as demand for drivers amid the ongoing driver shortage increased competition for talent, according a survey commissioned by the American Trucking Associations (ATA)
https://www.seanews.com.tr/trucker-wages-jump-10-9pc-as-shortage-supply-chain-woes-bite/194116/
LOW water levels on the Rhine River are causing problems for German industry, which is hindered by high energy costs, disrupting supply chains, and inflationary prices, reports Radio Deutsche Welle
https://www.seanews.com.tr/rhines-low-water-levels-mean-german-shipping-ships-less/194118/
THE Port of Savannah’s container business increased 18 per cent year on year in July as the port worked overtime to cope with the extra volume, reports Fort Lauderdale’s Maritime Executive
https://www.seanews.com.tr/port-of-savannahs-container-boom-accelerates-up-18pc-in-july/194113/
CHINESE personal computer giant Lenovo declared flattening second quarter results as profits rose 11 per cent year on year to US$516 million drawn on flat revenues to $16
https://www.seanews.com.tr/lenovo-reports-no-revenue-growth-in-q2-as-net-profit-rises-11pc/194119/