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United Airlines says using larger jets on 737 MAX routes is ‘costing money’

Posted By Tony Sanchez / Airlines / 0 Comments

April 9, 2019 United Airlines’ use of larger aircraft on routes previously flown by Boeing Co’s grounded 737 MAX jets is costing the carrier money in the short-term, the company’s President Scott Kirby said in a letter to employees on Tuesday. Chicago-based United, which owns 14 MAX jets and has dozens more on order, has […]

American Airlines cuts first-quarter forecast for unit revenue

Posted By Tony Sanchez / Airlines / 0 Comments

April 9, 2019 American Airlines Co Group Inc said on Tuesday its first-quarter revenue per available seat mile would be below its previous forecast due to the groundings of Boeing 737 MAX planes and the U.S. government shutdown. The airline said it now expects here the closely followed measure of airline performance to be flat […]

London Heathrow – New York JFK was the busiest European route in 2018

Posted By Tony Sanchez / Airport / 0 Comments

April 9, 2019 The route between London Heathrow (LHR) and New York John F. Kennedy (JFK) has taken the crown as Europe’s busiest international scheduled service, research by Routesonline has found. A total of 2,919,864 passengers boarded flights on the 5,550km journey between the two destinations in 2018, according to the latest data from Sabre […]

Saudia Cargo to join SkyTeam Cargo

Posted By Tony Sanchez / Airlines / 0 Comments

April 9, 2019 Saudia Cargo will become the 12th member of SkyTeam Cargo on 15 April, extending the world’s only cargo alliance across the Middle East. The airline and its customers will now benefit from an extended global network covering over 900 destinations in more than 175 countries. Nico van der Linden, vice president of […]

BIMCO: US Seaborne Crude Oil Exports at Record High

Posted By Tony Sanchez / Cargo News / 0 Comments

April 9, 2019 US exports of crude oil have continued to rise every month since August 2018, setting a new record high of 9.6 million tonnes in January,  according to BIMCO. Exports rose in January on the back of increased sales to Europe, which were up from 2.7 million tonnes in December to 4.8 million […]

Shell Marine Presents New Lubricant Ahead of IMO 2020

Posted By Tony Sanchez / Cargo News / 0 Comments

April 9, 2019 Ahead of the IMO sulphur cap 2020, Shell Marine has introduced a new two-stroke engine cylinder oil specifically for use with engines running on 0.5% sulphur content very low sulphur fuel oil (VLSFO). The new product, Shell Alexia 40, will be available for use in Singapore from June 1, 2019. It will […]

BIMCO: EU Ship Recycling Rules Disadvantage European Owners

Posted By Tony Sanchez / Cargo News / 0 Comments

April 9, 2019 Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, a study commissioned by international shipping association BIMCO finds. Furthermore, only three of the 26 demolition yards could recycle a large ship such — Panamax size or larger. “The EU list is […]

Maersk Product Tankers Ends Challenging Year in Loss

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

April 9, 2019 Despite outperforming the market on time charter equivalent earnings and costs, 2018 was a financially challenging year for Maersk Product Tankers. The company faced the lowest spot market rates seen in a decade. Revenue in 2018 increased to USD 647 million from USD 621.1 million reported a year earlier. During the period, […]

ZIM Returns to NWSA’s North Harbor in Seattle

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

April 9, 2019 Israeli shipping company ZIM is returning to The Northwest Seaport Alliance’s North Harbor in Seattle with the inaugural arrival of boxship ZIM Ningbo on April 5. ZIM is expanding its presence at the NWSA by joining the 2M Transpacific service calling at Terminal 46 in Seattle. The company had previously been an independent […]