Business Industrials

  • Sept 15- A lawyer for Hanjin Shipping Co Ltd, the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held "hostage" by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships stranded at sea. "There is no clear visibility yet on what will happen with this business," Hanjin lawyer Ilana Volkov said at a...

  • WASHINGTON— The Department of Transportation is ordering airline passengers not to bring Samsung Galaxy Note 7 phones on planes unless they keep them turned off and don't charge them during the flight. Transportation Secretary Anthony Foxx said in a statement that anyone who travels with the recalled device must take precautions to ensure its safe...

  • CAPE CANAVERAL, Fla., Sept 15- SpaceX on Thursday said efforts to develop and certify a space taxi for NASA are not being slowed by an investigation into a launch pad fire that destroyed its rocket and a $200 million Israeli communications satellite. Boeing Co and SpaceX, owned and operated by technology entrepreneur Elon Musk, are building spaceships to fly NASA...

  • Sept 15- A lawyer for Hanjin Shipping Co Ltd, the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held "hostage" by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships stranded at sea. "There is no clear visibility yet on what will happen with this business," Hanjin lawyer Ilana Volkov said at a...

  • AMERICAN AIRLINES HAS REALIZED MORE THAN HALF OF EXPECTED SYNERGIES SO FAR SINCE 2013 MERGER WITH US AIRWAYS- CHIEF INTEGRATION OFFICER.

  • LJUBLJANA, Slovenia— Slovenian airline Adria Airways has banned the use of Samsung's latest mobile phone on its flights due to safety concerns. The airline says this is in line with recommendations issued by the European Aviation Safety Agency in the aftermath of reports of dozens of phones exploding due to a battery fault. Aviation authorities in the U.S.,...

  • LONDON, Sept 14- Authorities in a port controlled by Yemen's Houthi movement have seized two oil tankers from international traders in a payment dispute, according to the ships' owners, an incident which could make it more difficult for the country to import vital supplies. Ocean Tankers, the Singapore- based owner of the two 74,000 tonne ships, the Chao Hu and the...

  • The Royal Dutch Airlines' statement, posted on its website Wednesday, says the devaluation of the Egyptian pound and restrictions imposed by the country's central bank on the transfer of foreign currency out of Egypt are behind the decision. It says its Cairo- Amsterdam service will be suspended from Jan. 8. Egypt is widely expected to devalue or float its...

  • LONDON, Sept 14- Authorities in a port controlled by Yemen's Houthi movement have seized two oil tankers from international traders in a payment dispute, according to the ships' owners, an incident which could make it more difficult for the country to import vital supplies. Ocean Tankers, the Singapore- based owner of the two 74,000 tonne ships, the Chao Hu and the...

  • LAGOS, Nigeria— Nigeria's biggest airline has resumed flights that stranded thousands of passengers across West Africa, saying it has resolved an insurance issue. Nigeria's aviation industry is in crisis amid a recession and increased aviation fuel prices. It has lost its position as West Africa's airline hub, to neighboring Ghana.

  • JetBlue

    A spat among airlines over which deserved the contract to fly U.S. government workers on certain routes intensified on Tuesday.

  • SHANGHAI/ SINGAPORE, Sept 14- Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more vessels are up for sale, ship brokers said on Wednesday, kicking off an asset sale sparked by the failure of the world's seventh largest container shipper. Around $14 billion of cargo has been tied up globally as ports, tugboat operators and cargo handling firms...

  • SINGAPORE, Sept 14- Singapore Airlines Ltd will not extend the lease on its first Airbus A380 jet when it expires next year, a further blow for Airbus Group as the manufacturer seeks to bolster new sales of the world's largest passenger plane. "Our first five A380s are on a 10- year lease, with options to extend. The first one will expire in October next year, and we have...

  • SHANGHAI/ SINGAPORE, Sept 14- Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more of vessels are up for sale, ship brokers said on Wednesday, kicking off a fire sale sparked by the failure of the world's seventh largest container shipper. Around $14 billion of cargo has been tied up globally as ports, tugboat operators and cargo handling firms...

  • LONDON, Sept 14- Building and construction group Galliford Try said sales rates and prices at its housing division have risen since Britons voted to leave the European Union, echoing sentiments from several other British builders. The firm, which posted a slightly better-than-expected 18 percent rise in pre-tax profit to 135 million pounds in the year to the...

  • SHANGHAI/ SINGAPORE, Sept 14- Three ships chartered to Hanjin Shipping Co Ltd have been sold, the first of dozens of vessels expected to be hawked following the failure of the world's seventh largest container shipper. The largest, the 180,000 deadweight tonne capesize Hanjin Matsuyama, was bought by Singapore- based Winning Shipping for $22.75 million,...

  • WASHINGTON, Sept 13- A spat among airlines over which deserved the contract to fly U.S. government workers on certain routes intensified on Tuesday, with the chief executive of JetBlue Airways Corp calling rivals hypocritical for protesting its award. The largest U.S. airlines have taken issue with a contract for federal employees to buy flights between New...

  • CHICAGO— A Southwest Airline aircraft flying from Columbus, Ohio, to Denver has been forced to make an emergency landing at Chicago's Midway International Airport. In a statement, a Southwest Airlines spokeswoman says the pilot declared an emergency Tuesday and the flight was diverted to "investigate potential smoke in the cockpit." Southwest said 112...

  • SEOUL/ SYDNEY, Sept 13- The chairman of Hanjin Group transferred 40 billion won to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said, but regulators warned securing further funds could take "considerable time". The parent of Hanjin Shipping pledged last week to raise 100 billion won to help rescue cargo in...

  • SEOUL/ SYDNEY, Sept 13- The chairman of Hanjin Group transferred 40 billion won to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said, but regulators warned securing further funds could take "considerable time." The parent of Hanjin Shipping pledged last week to raise 100 billion won to help rescue cargo in...