Archive

No new Air France-KLM leadership before end-August

Posted By Tony Sanchez / Airlines / 0 Comments

August 2, 2018 Franco-Dutch airline Air France-KLM is unlikely to name a new leadership team before the end of August or early September. The airline has been hunting for a new boss to fill a gap left by the abrupt departure of chief executive Jean-Marc Janaillac in May, after staff rejected a pay proposal aimed […]

Brazil airline Gol reports deeper loss than expected in quarter

Posted By Tony Sanchez / Airlines / 0 Comments

August 2, 2018 Brazilian airline Gol Linhas Aereas Inteligentes SA on Thursday reported a second-quarter net loss of 1.326 billion reais ($354 billion), much deeper than analysts expected, and following a net loss of 478 million reais a year earlier. The results missed the average estimate in a Thomson Reuters poll of five analysts, who […]

Hainan Airlines begins Guangzhou-Tel Aviv direct flights

Posted By Tony Sanchez / Airlines / 0 Comments

August 2, 2018 China’s Hainan Airlines on Thursday launched the first direct flight from Guangzhou to Tel Aviv, the airline’s third Israel-China route opened in as many years, and said it was looking to start a fourth. Hainan already operates flights to Israel from Beijing and Shanghai, and the company said it was considering opening […]

Slot constraints squeeze freighters out of Schiphol

Posted By Tony Sanchez / Airport / 0 Comments

August 2, 2018 Cargo volumes at Amsterdam Airport Schiphol fell by 2.6 per cent in the first half of 2017 as slot constraints squeezed out freighter aircraft. The Dutch airport handled 844,317 tonnes in the first six months of 2017, with full freighter volumes declining 9.4 per cent due to a decrease in air transport […]

Kuehne + Nagel extends perishable network with Ecuador acquisition

Posted By Tony Sanchez / Logistics Company / 0 Comments

August 2, 2018 Kuehne + Nagel has strengthened its perishables network in South America with the acquisition of Panatlantic Logistics Ecuador. The Quito-based company was founded in 1979, operating out of a temperature controlled warehouse at the airport, and the combined volume of Kuehne + Nagel’s existing portfolio and Panatlantic’s will account for 32,000 tonnes […]

Navios Partners Buys Two Bulkers, Delivers Loss

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 2, 2018 Dry cargo vessel operator Navios Maritime Partners has reached an agreement to purchase two bulk carriers from its affiliate, Navios Maritime Holdings, for a purchase price of USD 79 million. Under the deal, reached in July 2018, Navios Partners would acquire the 2016-built Panamax vessel Navios Sphera and the 2016-built Capesize Navios Mars. […]

Teekay Offshore Partners Confirms Two More Shuttle Tanker Orders

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 2, 2018 Teekay Offshore Partners has brought its ordering tally at Samsung Heavy Industries (SHI) to six shuttle tankers, the company confirmed. Namely, in July 2018, Teekay Offshore Partners signed a contract with SHI for two additional LNG-fueled Aframax DP2 shuttle tanker newbuildings. The duo is due for delivery in late-2020 and early-2021. World […]

Drewry: Container Port Utilization Levels Set to Rise

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 2, 2018 The medium term outlook for global container port demand growth is positive thanks to strong underlying economic momentum across the world’s major economies. While there may be clouds on the horizon in the form of tariff and trade war fears, economic fundamentals are likely to win-out in the long run, global shipping […]