Archive

British Airways loses appeal to block pilot strike action over pay

Posted By Tony Sanchez / Airlines / 0 Comments

July 31, 2019 British Airways (BA) today lost its Court of Appeal bid to block its pilots from taking strike action in a dispute over pay. The ruling means that BA pilots are set to go on strike, most likely in August, the carrier’s peak season for flights. The Court of Appeal rejected the airline’s […]

“Challenging” Market Pushes Eagle Bulk into Loss

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

July 31, 2019 US-based ship owner and operator Eagle Bulk Shipping ended the second quarter of 2019 in loss. The company reported a net loss of USD 6 million for the period against a net income of USD 3.5 million seen in the same quarter in 2018. Revenues during the three months reached USD 69.4 […]

Port of Savannah Moves Record TEU Volumes in FY19

Posted By Tony Sanchez / Seaport / 0 Comments

July 31, 2019 The Port of Savannah reported a record volume of container traffic for the fiscal year that ended June 30, having moved a total of 4.5 million TEUs. This represents an increase of more than 305,000 TEUs, or 7.3 percent, according to the U.S. seaport. In another first, Georgia Port Authority (GPA) handled […]

Navios Containers Secures Refinancing Deal for Seven Vessels

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

July 31, 2019 Monaco-based Navios Maritime Containers has reached a refinancing agreement related to seven of its containerships, according to the company’s latest report. The shipowner entered into a new credit facility on June 26, 2019, to refinance the outstanding credit facilities of the seven units with an outstanding balance of USD 36.7 million. A […]

Etihad Airways adds a fourth daily flight to London Heathrow

Posted By Tony Sanchez / Airlines / 0 Comments

July 30, 2019 Etihad Airways has ramped up its services from Abu Dhabi to London Heathrow to meet rising demand after adding a fourth daily flight. The UAE carrier will start the additional service on 27 October and it follows the introduction of additional seasonal services this summer. The airline will introduce a next-generation, two-class […]

Air Canada reports a strong profit and grounds 737 Max until 8 January

Posted By Tony Sanchez / Airlines / 0 Comments

July 30, 2019 Air Canada has reported a rise in profits in the second quarter (Q2) despite the negative impact of the grounding of its Boeing 737 Max fleet which it is to keep on the tarmac until January. The airline also revealed it will be removing the 24 Boeing 737 Max from its schedule […]

Asian weakness drags down Lufthansa Cargo profits

Posted By Tony Sanchez / Airlines / 0 Comments

July 30, 2019 Profits in Lufthansa’s logistics business segment slumped by almost 90% in the first half of 2019 due to weakness on routes to Asia. Profits measured in adjusted earnings before interest and tax (EBIT) was down 88% to €15 million. In the second quarter of 2019, the segment fell into a loss of […]

Gas, Tanker Business Drives Milaha’s Profit Up

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

July 30, 2019 Qatar-based maritime transport and logistics company Milaha saw its net profit rise in the first half of 2019 amid a stronger gas and tanker business. The company’s profit reached QAR 316 million (USD 86.7 million) for the six months ended June 30, 2019, representing a rise of 6% compared to a net profit […]

ZIM Unveiles Its New 2023 Strategy

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

July 30, 2019 Israel-based liner company Zim Integrated Shipping Services (ZIM) has announced its new 2023 business strategy, accompanied by a new corporate vision. Titled “Innovative Shipping Dedicated to You”, the new vision and values highlight the principles and beliefs that define ZIM, and set clear goals for the future, according to the company. “I […]

AAPA: Trade disputes and tariffs hitting air cargo

Posted By Tony Sanchez / Cargo News / 0 Comments

July 29, 2019 Air cargo is continuing to struggle in June with a 7.2% fall in demand, the Association of Asia Pacific Airlines (AAPA) reports. Demand in freight tonne kilometers (FTK) was down 7.2% to 5.8 billion, while capacity in freight available tonne kilometers (FATK) rose 1% to 9.8 billion, pushing down load factors by […]