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Revenue rises but volumes remain flat for IAG Cargo

Posted By Tony Sanchez / Airlines / 0 Comments

August 3, 2018 Revenue at IAG Cargo has increased 9.6 per cent in the second quarter of 2018 with higher yields making up for volumes remaining flat. For the period between 1 April and 30 June, commercial revenue increased 9.6 per cent at constant exchange rates to €281 million, with yields rising 10 per cent. […]

Atlas Air remains upbeat despite second quarter loss

Posted By Tony Sanchez / Airlines / 0 Comments

August 3, 2018 Atlas Air Worldwide is remaining positive in the second quarter despite reporting a loss of $21.1 million. The reported loss from continuing operations net of tax included an unrealised loss on outstanding warrants of $50 million as well as a special charge of $9.4 million related to engines held for sale. For […]

GasLog Shrinks Loss, Remains Optimistic

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 3, 2018 Owner and operator of LNG carriers GasLog Ltd. managed to cut its net loss amid a seasonal weakening in demand for LNG shipping in the second quarter of 2018. For the quarter ended June 30, 2018, loss attributable to the owners of GasLog stood at USD 3.6 million, shrinking from a loss of USD 7.5 […]

Hapag-Lloyd: Carriers Would Need to Choose Low Sulfur Fuel

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 3, 2018 The vast majority of the global container fleet will have no other choice than to switch to low sulfur fuel ahead of the IMO regulations, which come into effect on January 1, 2020, according to German container shipping line Hapag-Lloyd. The carrier explained that ship owners are effectively having to decide whether to switch to […]

Höegh LNG Agrees Financing for Ninth FSRU

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 3, 2018 Norway-based Höegh LNG has received commitment letters for a USD 177 million debt financing for its ninth floating storage and regasification unit (FSRU). The unit, which is under construction at Hyundai Heavy Industries (HHI) shipyard in South Korea, is scheduled to be delivered in the fourth quarter of 2018. The loan comprises a 12-year tranche of […]