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IAG reports 20% pre-tax profit rise for the second quarter

Posted By Tony Sanchez / Airlines / 0 Comments

August 5, 2019 The International Consolidated Airlines Group (IAG) has reported that it is yet to feel any Brexit effect as it reported a 20 per cent rise in pre-tax second quarter profit. The parent of British Airways, Iberia, Vueling, Aer Lingus and Level, achieved a pre-tax profit of €921m in the three months to […]

Jazeera Airways launches first direct Kuwait-UK route in 55 years

Posted By Tony Sanchez / Airlines / 0 Comments

August 5, 2019 Kuwait low-cost carrier (LCC) Jazeera Airways will start flying from London Gatwick Airport to Kuwait on 27 October this year, utilizing a new Airbus A320neo aircraft with daily flights. This will be the first new service from the UK to Kuwait in 55 years. In addition to serving Kuwait the flights will […]

Awilco LNG Agrees Refinancing for LNG Carrier Duo

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 5, 2019 Oslo-listed shipping company Awilco LNG has reached a sale and leaseback deal for two of its 156,000 cbm LNG carriers. Under the agreement, the 2013-built units, WilForce and WilPride, would be refinanced at “favorable terms”, the company said. The refinancing is similar to the current financing of the vessels and enables a full take out […]

Pacific Basin to Fit Majority of Supramaxes with Scrubbers

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 5, 2019 Hong Kong-based dry bulk shipping company Pacific Basin revealed its plans to fit scrubbers on a majority of its Supramaxes by the end of 2019. The company said that it positioned many of its owned ships for dry docking this year. Besides scrubbers, the company would also install ballast water treatment systems on […]

Panama Canal Reveals Speed Limits to Protect Whales

Posted By Tony Sanchez / environment / 0 Comments

August 5, 2019 The Panama Canal is to implement speed limits to protect whales, dolphins and other large aquatic mammals, during their nearby seasonal migration. Starting August 1 and until November 30, 2019, the authority would promote the implementation of the International Maritime Organization’s (IMO) annual recommendations on speed and maritime transit that would see […]