Business Transportation

  • Sept 12- An engine failure on a Southwest Airlines Co jet on Aug. 27 released debris that tore a 5 inch by 16 inch hole in the plane before it made a safe emergency landing in Pensacola, Florida, U.S. crash investigators said on Monday. The plane, bound from New Orleans to Orlando with 99 passengers and five crew members aboard, lost cabin pressure and safely diverted to...

  • SAN FRANCISCO/ SEOUL, Sept 12- A portion of the $14 billion in cargo trapped at sea by the bankruptcy of Hajin Shipping Co Ltd began moving out of a California port on Monday as shareholders and executives of the South Korean firm pledged funds to help resolve the turmoil created by its collapse. The Hanjin Greece, one of roughly a dozen of the company's ships...

  • BRUSSELS, Sept 12- The European Union wants its own measures to reduce airline pollution from 2018 to 2020 ahead of when a proposed global deal is due to come into force and may extend its own system if it sees fit, European officials said on Monday. China, the United States, the EU and 16 surrounding nations support a pact to cap emissions of all international flights...

  • BRUSSELS, Sept 12- The European Union wants its own measures to reduce airline pollution from 2018 to 2020 ahead of when a proposed global deal is due to come into force and may extend its own system if it sees fit, European officials said on Monday. China, the United States, the EU and 16 surrounding nations support a pact to cap emissions of all international flights...

  • BRUSSELS, Sept 12- The European Union wants its own measures to reduce airline pollution from 2018 to 2020 ahead of when a proposed global deal is due to come into force and may extend its own system if it sees fit, European officials said on Monday. China, the United States, the EU and 16 surrounding nations support a pact to cap emissions of all international flights...

  • BRUSSELS, Sept 12- The European Union wants its own measures to reduce airline pollution from 2018 to 2020 ahead of when a proposed global deal is due to come into force and may extend its own system if it sees fit, European officials said on Monday. China, the United States, the EU and 16 surrounding nations support a pact to cap emissions of all international flights...

  • PARIS, Sept 12- French aerospace and defence group Thales said in a statement it has reached an agreement with satellite operator SES to offer high-speed internet aboard airplanes. Equipment makers and airlines are eyeing a market worth one to two billion euros by the end of the decade, when satellite links should allow quality high-speed internet on most...

  • SAN FRANCISCO/ SEOUL, Sept 12- A Hanjin Shipping Co Ltd vessel is finishing unloading in California and scheduled to leave port on Monday, shipping industry officials said, as shareholders and executives associated with the South Korean firm pledged funds to help resolve the turmoil created by its collapse. Truck drivers probably will begin moving containers...

  • Containers are stacked at the Hanjin Shipping Co. Busan New Port terminal in Busan, South Korea

    The crisis surrounding Hanjin Shipping has rocked the industry, but even more shipping lines could find themselves in trouble, warns a CEO.

  • The funds flowing to listing Hanjin Shipping were likely to fall far short of what was needed to get its stalled cargo moving, an analyst said.

  • Sept 12- The collapse of South Korea's Hanjin Shipping, the world's seventh-largest container carrier, has disrupted global trade networks and driven up freight rates. *$14 billion- the estimated value of cargo tied up globally as Hanjin ships idle outside ports that won't let them in. *$1,700- the average cost to move goods in 40- ft containers from the U.S. West...

  • The Hanjin Greece docked in Long Beach on Saturday after a U.S. bankruptcy court granted it protection and terminal operators agreed to take it. The U.S. court on Friday gave three other Hanjin ships protection from seizure, and one has been waiting near the Long Beach port since. The delays have concerned importers like Alex Rasheed, president of Pacific Textile...

  • The latest on the Hanjin Shipping saga

    The overall shipping industry in South Korea, not just Hanjin Shipping, will shrink, says Kiwoom Securities' Daniel Yoo.

  • LOS ANGELES, Sept 10- Dock workers began unloading furniture, clothing and other cargo on Saturday from a container ship owned by bankrupt Hanjin Shipping Co Ltd, breaking a logjam that has stranded goods on a dozen vessels bound for the U.S. West Coast. The Hanjin Greece docked at the Port of Long Beach in California early Saturday morning and workers were hauling...

  • Containers at the Port of Long Beach in Long Beach, California.

    Container vessel idled off the coast of Mexico receives permission to dock and unload cargo at Long Beach.

  • FAA, some airlines ban use or charging of Note 7 in flight. SEOUL/ NEW YORK, Sept 10- A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy Note 7 phones, which are prone to catch fire, and top airlines globally banned their use during flights. It voluntarily issued a recall last week for 10 markets, including South Korea and the United...

  • FAA, some airlines ban use or charging of Note 7 in flight. SEOUL/ NEW YORK, Sept 10- A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy Note 7 phones, which are prone to catch fire, and top airlines globally banned their use during flights. It voluntarily issued a recall last week for 10 markets, including South Korea and the United...

  • Sept 9- A U.S. judge on Friday signed an order granting Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. "We have the money," said Ilana Volkov, an attorney for Hanjin, told a U.S. Bankruptcy Court hearing in Newark, New Jersey on Friday. One of the four, the Hanjin Greece, was scheduled...

  • Sept 9- A U.S. judge on Friday signed an order granting Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. South Korea's Hanjin had asked U.S. "We have the money," said Ilana Volkov, an attorney for Hanjin, told a U.S. Bankruptcy Court hearing in Newark, New Jersey on Friday.

  • SEOUL/ NEW YORK, Sept 9- A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy Note 7 phones, which are prone to catch fire, and top airlines globally banned their use during flights. It voluntarily issued a recall last week for 10 markets including the United States, and it was expediting shipments of replacement phones to...

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