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Counting the cost of aircraft investment

Posted By Tony Sanchez / Cargo News / 0 Comments

September 13, 2018 Aircraft financing is a less straightforward investment proposition than it is sometimes made to appear, says Scope Ratings. Realistic loan-to-value calculations are a moving target that need to reflect uneven rates of aircraft depreciation over time. Scope urges investors to use a sufficiently conservative approach, ideally using a freighter aircraft’s so-called constant […]

GoodBulk Optimistic Capesize Market Recovery

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

September 13, 2018 Monaco-based bulker owner and operator GoodBulk delivered a stronger profit for the period ended June 30, 2018, driven by a recovery in the Capesize market. The company said it remains optimistic that the Capesize market is in the early stages of a cyclical recovery supported by stronger fundamentals on both the demand for […]

Maersk Tankers’ New Ships to Save Fuel with Wärtsilä

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

September 13, 2018 Finnish technology group Wärtsilä is to supply a newly updated propulsion control system for Maersk Tankers’ six 110,000 dwt LR2 newbuildings. The order with Wärtsilä was booked in the first quarter of 2018 and includes an advanced alarm and control system. The Wärtsilä Nacos Platinum automation package is designed to optimise main engine […]

Teekay Tankers Closes Sale-Leaseback for Six Aframaxes

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September 13, 2018 Tanker owner and operator Teekay Tankers has completed and closed the previously-announced sale-leaseback transaction for six Aframax tankers. The vessels in question are the Whistler Spirit, Blackcomb Spirit, Emerald Spirit, Garibaldi Spirit, Tarbet Spirit and Peak Spirit. As a result, the company has increased its liquidity position by some USD 60 million […]