ANA Holding's takeoever of Nippon Cargo Airlines pushed back

ANA Holding's takeover of freighter operator Nippon Cargo Airlines (NCA) from the NYK Group has been pushed back until 23 May as the airline awaits regulatory approval. The company had been hoping to complete the deal on 1 May, but this date has been pushed back further into the month. Explaining the decision, ANA said: "Taking into consideration the time to complete the review of the business combination that will result from the Share Exchange by the relevant authorities in China, etc., the company decided to change the effective date of the share exchange." The deal has been pushed back several times because of delays to the approval process. ANA first announced its plans to purchase Boeing 747-8 freighter operator NCA from the NYK shipping group in March 2023 and had originally anticipated it would complete the deal on 1 October 2023. NCA is currently owned by shipping group NYK, which decided to sell NCA to ANA due to the ongoing costs of running the cargo airline. NCA currently operates a fleet of eight 747-8 freighter aircraft and owns five 747-400 freighters that are operated by ASL and Atlas Air. ANA said at the time the deal was announced that the takeover would dramatically enhance its international air cargo network and products and services based in Japan. All Nippon Airways operates six Boeing 767 freighters and two Boeing 777 freighters. It is understood NCA will operate on a separate operating certificate to ANA.

HMM takes ships from sinking transpacific for another Asia-Middle East service - The Loadstar

South Korean flagship carrier HMM is diverting ships from transpacific services to its Asia-Middle East route, where cargo volumes and freight rates have held up better. The US-China tariff war has seen transpacific volumes collapse, although liner operators are pushing for rate hikes in May, hoping both countries could resolve trade tensions. HMM has two monthly Asia-Middle East sailings, but is redirecting the ships to create an extra Asia-Middle East sailing. One, the 13,000 teu HMM ...

US tariffs and trade war will result in 'Covid-like' shortages and layoffs - The Loadstar

As the suspense over tariffs and the trade war between Washington and Beijing drags on, keeping firms in limbo, the prospect of major supply chain shocks is growing. US consumers could find empty shelves in stores and elevated prices, possibly followed by supply chain paralysis when pent-up trade flows overwhelm transport infrastructure and capacity. The sharp drop in sailings between China and the US, exacerbated by order cancellations that left ships heading across the Pacific with ...