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Hapag-Lloyd and Maersk are entering into a new long-term operationalcollaboration to establish a maritime network with schedule reliability above 90%, according to a statement. The initiative, dubbed Gemini Cooperation, will kick off in February 2025 and operate across seven trades using some 290 vessels with a total capacity of 3.4 mn containers. The collaboration aims to enhance service quality and access to well-connected ocean hubs, as well as reduce transit times. Both companies are set to plan their transition from their current alliances in 2024.
Airbus delivered 735 commercial aircrafts in 2023rising steeply above industry competitor Boeing’s 480 deliveries, according to a statement. The rate of delivery solidifies Airbus’s title as the world’s biggest plane manufacturer for the fifth year straight. “What used to be a duopoly has become two-thirds Airbus, one-third Boeing,” said aviation consulting firm AeroDynamic Advisory Managing Director Richard Aboulafia to the The New York Times.
Background:In early January, a near disastrous incident involving Boeing’s 737 Max 9 jets resulted in the grounding of 170 planes grounded by the US FAA and the launch of an extensive safety investigation. Boeing’s shares have fallen around 20% since then, and company representatives are scrambling to minimize the fallout, according to the NY Times. The scale of the impact on Boeing’s incoming 2024 orders is not yet clear.
