Grounding the 737 MAX to cost Boeing $5 billion

Posted By Tony Sanchez / Aircraft Manufacture / 0 Comments

July 19, 2019 Grounding the 737 MAX is likely to cost Boeing $5 billion, the aircraft giant has announced a week before it releases its second quarter results. Boeing says it will record an after-tax charge of $4.9 billion due to delayed aircraft deliveries and associated issues, resulting in a $5.6 billion reduction in revenue […]

Global Ship Lease Agrees Charter with OOCL

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

July 19, 2019 Containership charter owner Global Ship Lease has signed a new agreement with Hong Kong-based container shipping and logistics service company Orient Overseas Container Line Limited (OOCL). The charter was signed for the 2003-built GSL Keta “at an improved rate”, according to GSL. Commencing in late July, the 2,207 TEU vessel will be […]