US gives green light to Delta, Air France, KLM and Virgin to expand JV

Posted By Tony Sanchez / Airlines / 0 Comments

August 6, 2019 The U.S. Transportation Secretary Elaine L. Chao said on Friday (2 August) the Department has tentatively approved a request by Delta Air Lines, Air France, KLM, and Virgin Atlantic to launch an expanded joint venture for all services between the US and Europe. The fresh JV would replace two previously approved arrangements […]

Freight forwarders use air cargo derivatives against low season turbulence

Posted By Tony Sanchez / Cargo News / 0 Comments

August 6, 2019 Leading freight forwarders have moved into derivatives trading this summer to combat the turbulent air freight spot market. Since the launch of the Air Freight Forward Agreement (AFFA) market this summer by UK-based Freight Investor Services (FIS), several leading players have used futures to hedge their forward exposure to future price movements. […]

Swissport extends lease at Heathrow Cargo Centre

Posted By Tony Sanchez / Logistics Company / 0 Comments

August 6, 2019 Swissport has committed to 10 more years at SEGRO’s Heathrow Cargo Centre by signing a 10-year lease on a 104,000 square foot warehouse unit on Shoreham Road. The Cargo Centre covers 1.2 million square foot and has a unique airside location offering direct access to the apron, reducing waiting times and providing […]

Tariffs start to bite in the pacific northwest

Posted By Tony Sanchez / Cargo News / 0 Comments

August 6, 2019 The Northwest Seaport Alliance (NWSA) is planning to suspend the night gate funding scheme at Terminal 18 in Seattle after SSA Terminals stopped running the service in response to falling demand. Truck turn times are closely watched at US West Coast ports, where terminal operators regularly come under pressure to extend gate […]

MOL Sets Up Zero Emission Fuel Working Group

Posted By Tony Sanchez / environment / 0 Comments

August 6, 2019 Japanese shipping major Mitsui O.S.K. Lines has taken another step in its plan to cut emissions as it joined the Carbon Capture & Reuse (CCR) Study Group. Additionally, the company launched the “Cross-industrial Working Group Related to Zero Emission Alternative Ship Fuels” with an aim to reduce carbon dioxide (CO2) emissions in international […]

Euronav Offloads Its Oldest VLCC

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 6, 2019 Belgium-based shipping company Euronav has disposed of VK Eddie, a 2005-built very large crude carrier (VLCC). As informed, the 305,261 dwt vessel was sold by Euronav’s subsidiary Euronav Luxembourg to an unnamed supplier and operator of offshore floating platforms. A capital gain on the sale is approximately USD 14.4 million, according to […]

UK Joins US in Strait of Hormuz Maritime Security Mission

Posted By Tony Sanchez / Cargo News / 0 Comments

August 6, 2019 The United Kingdom has decided to join the United States in forming a new international maritime security mission to protect vessels in and around the Strait of Hormuz. According to the country’s Ministry of Defense, the Royal Navy would work alongside the U.S. navy to assure freedom of navigation and safe passage […]