Strict international travel restrictions have been put in place, people are worried about flying, and thousands of airline workers are at risk of losing their jobs.Most of the major global airlines say they’re in desperate need of financial relief or the industry might be at risk of collapsing.

U.S. sanctions advisory raises hurdles for global maritime industry

May 27, 2020

U.S. guidelines seeking constant location monitoring of ships, and investigations by insurers of gaps in that tracking, may also prove difficult, industry officials said. The advisory notes that weather often interferes with AIS transponders, and ship captains should have the discretion to go dark to avoid pirates or militants on the high seas.

SCOR joins UN-convened Net-Zero Asset Owner Alliance, alligns its investment portfolio with low-carbon economy

May 27, 2020

Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: “SCOR is pleased to join the Net Zero Asset Owner Alliance to promote the transition to a post-coal economy. As a Tier 1 global reinsurer, SCOR has a longstanding commitment to fighting climate change over the long term. Protecting people and property from natural catastrophes and encouraging sustainable development, particularly in a context of intensified climate risk and increased extreme events, are integral parts of the Group’s mission. By joining this initiative and implementing new measures to support the energy transition, SCOR is further strengthening its sustainable approach to investment, as set out in its “Quantum Leap” strategic plan.”

Airbus opens investigation into plane crash in Pakistan

May 27, 2020

Initial reports have said the Pakistan International Airlines jet crashed after an apparent engine failure. Pakistani aviation authorities said Tuesday they have shared their initial findings with the visiting 11-member team from the European plane maker.

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