Maersk Reaches Settlement Over Ship That Blocked Suez Canal December 1, 2023 By Christian Wienberg A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez canal in 2021,...
GE, Safran Find Bogus Parts on More Jet Engines in AOG Probe October 25, 2023 By Ryan Beene CFM International Inc. identified more aircraft engines and forged documents linked to the UK parts distributor behind an alleged scheme...
Derisking Dilemma: How German Companies Are Tackling China Risk October 19, 2023 By Christoph Steitz and Sarah Marsh Thomas Nuernberger is preparing for tougher times. For the past seven years, the 55-year-old has run the Chinese unit of...
Banks Told to Review Clients in Historic ESG Crackdown in EU October 17, 2023 By Frances Schwartzkopff Banks in Europe will need to adjust the risk assessments they conduct of their clients to reflect new ESG requirements...
Key to Proactive Cyber Security Is Management of Third-Party Vendor Risks October 12, 2023 By Mauro Marongiu The hack of the MOVEit file transfer platform, developed by Progress Software and used by businesses of all sizes, serves...
Low Water Levels Hamper Rhine River Shipping in Germany October 5, 2023 Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine river in...
Jet Engine Maker CFM Says Suspect Parts Reached its Own Repair Shops October 5, 2023 By Tim Hepher Jet engine maker CFM International said on Wednesday the number of engines suspected of containing falsely documented parts from a...
Insurtech MGA Loadsure Partners With WeatherOptics to Boost Cargo Risk Calculations September 27, 2023 Loadsure, the London-based insurtech and managing general agent, has partnered with WeatherOptics, a leading weather intelligence platform, with the aim...
UK Firm Sold Thousands of Unverified Jet Engine Parts, CFM Says September 21, 2023 By Sam Tobin and Tim Hepher Jet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by...
Virgin Australia Finds Second Bogus Jet Part With Fake Certificate September 20, 2023 By Angus Whitley Virgin Australia Airlines Pty found a second suspected unapproved plane part from obscure UK supplier AOG Technics Ltd., as the...