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India’s SpiceJet to launch air cargo services from Sept 18

Posted By Tony Sanchez / Airlines / 0 Comments

September 10, 2018 India’s SpiceJet Ltd said on Monday it would launch dedicated air cargo services from Sept. 18 as the low-cost airline looks to boost revenue and expand its footprint beyond commercial passenger operations. The airline said here it would have a separate air cargo fleet comprising Boeing Co 737 planes, and that it […]

Kerry Logistics forms subsidiary in Pakistan

Posted By Tony Sanchez / Logistics Company / 0 Comments

September 10, 2018 Kerry Logistics has extended its foothold in Pakistan by forming a new subsidiary to tap into trade and opportunities on the China-Pakistan Economic Corridor (CPEC). The subsidiary provides air and ocean freight, cross-border road freight to Afghanistan and China, project logistics and inland trucking services through its offices in Karachi and Lahore. […]

Qatargas Signs Major Deal to Ship LNG to China

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

September 10, 2018 Doha-based LNG firm Qatargas has signed a long-term sale and purchase agreement with PetroChina International to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) per year. Under the 22-year SPA, which ends in 2040, Qatargas will supply LNG from the Qatargas 2 project, a joint venture between Qatar Petroleum, […]

Scorpio Bulkers Adds USD 34 Million to Loan Tally

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

September 10, 2018 Monaco-based bulker owner and operator Scorpio Bulkers is pushing ahead with its fleet refinancing efforts having secured a commitment from an unnamed European financial institution for a loan facility of up to USD 34 million. The loan facility will be used to finance up to 62.5 pct of the fair market value of […]

Sharp Fuel Price Hike Hits CMA CGM’s Q2 Earnings

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

September 10, 2018 The world’s third largest container shipping company CMA CGM reported an almost 90 percent decrease in its net profit for the second quarter of 2018, compared year-on-year. The liner company said that its net income for the quarter came at USD 22.7 million, slashed from last year’s equivalent of USD 213 million. […]

Star Bulk to Equip Entire Fleet with Scrubbers

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

September 10, 2018 Athens-based shipping firm Star Bulk Carriers unveiled its intentions to equip its entire fleet with exhaust gas cleaning systems before the January 1, 2020 implementation date of the new IMO sulfur emission cap regulation. Star Bulk expects average cost, including installation, to be below USD 2 million per vessel. The company has […]