Archive

U.S. bars lithium batteries as cargo on passenger aircraft

Posted By Tony Sanchez / Cargo News / 0 Comments

February 28, 2019 The U.S. government said on Wednesday it is issuing new rules barring airlines from carrying potentially hazardous lithium-ion cells and batteries as cargo on passenger aircraft, and setting new requirements for transporting them on cargo planes. The U.S. Transportation Department’s Pipeline and Hazardous Materials Safety Administration (PHMSA) unveiled the new rules after […]

UPDATE 3-Commercial flights to and from Pakistan, India disrupted as tensions rise

Posted By Tony Sanchez / Cargo News / 0 Comments

February 28, 2019 Several airlines, including Emirates and Qatar Airways, suspended flights to Pakistan on Wednesday after the South Asian nation closed its air space following heightened tensions with neighbouring India. Etihad, flydubai, Gulf Air, SriLankan Airlines and Air Canada also suspended services to the country and flight tracking portals showed Singapore Airlines, British Airways […]

Brazil airline Gol posts heavy 2018 loss

Posted By Tony Sanchez / Airlines / 0 Comments

February 28, 2019 Brazil’s largest airline, Gol Linhas Aereas Inteligentes, suffered a loss of 1.1 billion reais in 2018, the company said on Thursday, though it generated net income of 580 million reais ($155.7 million) in the final quarter. Losses were at the higher end of what was expected. Earlier this year, Gol told investors […]

Premium products performing well for IAG Cargo

Posted By Tony Sanchez / Airlines / 0 Comments

February 28, 2019 Commercial revenue at IAG Cargo increased by 7.2% to €1.1 billion with a strong start to 2018, though growth slowed as the year progressed. Cargo increased by 0.2% to 702,000 tonnes with yields improving by 8.1%, with premium products performing well, with investments in a new Constant Climate Center in Madrid, a […]

Global Tensions Push MPC Container Ships Deeper into Loss

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 28, 2019 Norwegian shipowner MPC Container Ships (MPCC) widened its net loss in the quarter ended December 31, 2018, amid a number of geopolitical and economic factors. The company’s net loss expanded in the fourth quarter of 2018 to USD 5 million, compared to a loss of USD 2.2 million reported in the same period a […]

ICS: Oil Tanker Ban on BC’s North Coast Is a Hindrance to International Maritime Trade

Posted By Tony Sanchez / Cargo News / 0 Comments

February 28, 2019 A proposed crude oil tanker moratorium on British Columbia’s northern coast would interfere with international maritime trade, the International Chamber of Shipping (ICS) has warned. The Canadian Senate is giving consideration to legislation — Bill C-48 — that would prohibit large tankers carrying crude and heavy oils from stopping, loading or unloading […]

Alphaliner: Tariffs Intensify US Container Imbalance

Posted By Tony Sanchez / Cargo News / 0 Comments

February 28, 2019 The imbalance of US container imports over exports has worsened despite the implementation of protectionist trade policies by the US administration, according to Alphaliner. Alphaliner’s survey of the 10 largest container ports in the US showed that the total laden imports grew by 6.2% last year to reach 20.66 million TEU while […]

Airline Vistara halts service to north Indian cities amid tensions

Posted By Tony Sanchez / Airlines / 0 Comments

February 27, 2019 Indian airline Vistara said on Wednesday flights to and from four cities in northern India are on hold as tensions between nuclear-armed neighbours India and Pakistan escalate. “Due to airspace restrictions, flights to and from Amritsar, Srinagar, Chandigarh and Jammu are currently on hold,” Vistara, a joint venture between India’s Tata Sons […]

Another successful year for Kuehne + Nagel

Posted By Tony Sanchez / Logistics Company / 0 Comments

February 27, 2019 Net profits at Kuehne + Nagel grew by 4.3% in 2018, helped by airfreight volumes and EBIT growing at double digit rates. Yearly net turnover was up from 18.6 billion Swiss francs (CHF) in 2017 to CHF 20.7 billion in 2018, with earnings for the year growing from CHF740 million in 2017 […]

AAPA: 2019 off to a weak start due to fewer exports

Posted By Tony Sanchez / Cargo News / 0 Comments

February 27, 2019 Air cargo has got off to a weak start in 2019 due to fewer exports on the back of slowing demand for foreign goods, the Association of Asia Pacific Airlines (AAPA) reports. Demand in freight tonne kilometres was down 3.8% in January to 5.7 billion due to slower growth in major economies […]