Archive

Airlines set out cost after Boeing plane grounded

Posted By Tony Sanchez / Airlines / 0 Comments

March 29, 2019 Tour operator TUI warned its profit would fall by at least 200 million euros ($225 million) this year after the grounding of Boeing’s 737 MAX aircraft, further evidence of the financial impact of two fatal crashes involving the same type of plane. Following are airlines that have warned of the potential cost […]

Bulgarian Eagle files for insolvency

Posted By Tony Sanchez / Airlines / 0 Comments

March 29, 2019 Sofia-based air carrier Bulgarian Eagle – a wholly-owned unit of Germania – has filed a request with the Sofia City Court for launch of insolvency proceedings, reports claim. As at 1 March, the company’s outstanding liabilities amounted to some 12.8 million levs (US$7.3 million), documents filed with the commercial register earlier this […]

Bratislava Airport to operate 47 direct scheduled routes this summer

Posted By Tony Sanchez / Airport / 0 Comments

March 29, 2019 New airline Cyprus Airways with regular flights to Larnaca and double-daily flights to Antalya with Smartwings are among the key highlights on offer from Bratislava Airport in Slovakia this summer. As many as 47 regular connections to 41 destinations in 18 countries will be served from Bratislava M. R. Stefanik Airport in […]

Ariana Afghan Airlines looking to expand network and fleet

Posted By Tony Sanchez / Airlines / 0 Comments

March 29, 2019 Ariana Afghan Airlines is looking to source a wet-lease operator which it can use to fly into Frankfurt and is also targeting a new route to Guangzhou, China as it looks to expand its operations. Speaking at Airline yesterday (28 March) in Canary Wharf, London, the carrier’s quality assurance director, Omid Mobtakar […]

Tanker broke down in her maiden voyage from Korea, assisted

Posted By Tony Sanchez / Sea Accident / 0 Comments

March 29, 2019 Product tanker IONIAN STAR suffered engine failure early in the morning Mar 29 off Fedje, Norway, north of Bergen, while en route from Liverpool UK to Slovag Norway and being actually, on her maiden voyage, which started in Ulsan Korea, in Jan this year. Coast Guard patrol ship KV SENJA assisted disabled, […]

K Line Secures USD 407 Mn Financing

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

March 29, 2019 Japanese shipping company Kawasaki Kisen Kaisha (K Line) has decided to raise JPY 45 billion (USD 406.6 million) through a new subordinate loan. As informed, the loan proceeds will be used for the repayment of interest-bearing debts and capital expenditures mainly for vessels. In addition to the recently unveiled structural reforms, the company […]

COSCO Shipping Lines Seals LSFO Supply Deal

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

March 29, 2019 China’s COSCO Shipping Lines has signed a low sulfur fuel oil (LSFO) supply agreement with Double Rich Limited, a subsidiary of China Marine Bunker (Petro China). According to the agreement inked on March 28, 2019, Double Rich limited will provide fuel oil with sulfur content not exceeding 0.5% m/m for COSCO Shipping […]

USCG: Boxship Spills Fuel Oil into Arthur Kill Waterway

Posted By Tony Sanchez / Ship Accident / 0 Comments

March 29, 2019 An oil spill has been reported in the Arthur Kill waterway near the Goethals Bridge, the United States Coast Guard (USCG) said. As informed, the fuel oil was spotted leaking from an unnamed commercial containership while moored at the Global Marine New York Container Terminal in Staten Island on March 28. The […]

MOL, Karpowership Partner Up on LNG-to-Powership Solution

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

March 29, 2019 Japanese shipping company Mitsui O.S.K. Lines (MOL) and Turkey’s floating power plant company Karpower International B.V. (Karpowership) have agreed to collaborate in the LNG-to-Powership business. Under the brand name “KARMOL”, the duo aims to become an LNG-to-Powership solution provider. The parties aim to co-invest in the related assets and jointly market their […]

Maersk Ends Sale Process for Maersk Supply Service

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

March 29, 2019 A. P. Møller – Mærsk will no longer pursue a separation solution for its offshore marine services business, Maersk Supply Service. This was decided at a meeting of the company’s board of directors on March 29, 2019. Consequently, Maersk Supply Service will be reclassified from discontinued operations to continuing operations in A.P. […]