Ural Airlines crash lands in cornfield after dual bird strike and engine failure

Posted By Tony Sanchez / Aircraft Manufacture / 0 Comments

August 15, 2019 An Ural Airlines Airbus A321 was substantially damaged in the early hours of this morning when it was forced to land in a cornfield shortly after take-off due to a dual bird strike and engine failure. The aircraft was operating from Moscow Zhukovsky International Airport in Russia to Simferopol Airport in Ukraine […]

Golden Ocean Sinks Deeper into the Red

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 15, 2019 Norwegian dry bulk shipping company Golden Ocean Group Limited (GOGL) has widened its net loss during the second quarter of 2019. The company recorded a net loss of USD 33.1 million during the quarter, compared with net loss of USD 7.5 million reported in the first quarter of 2019. Adjusted EBITDA of […]

US Seeks to Block Release of Grace 1 in Gibraltar

Posted By Tony Sanchez / Cargo News / 0 Comments

August 15, 2019 The U.S. Department of Justice has applied to seize the tanker Grace 1, carrying Iranian oil, in Gibraltar, according to the Gibraltar Chronicle. Namely, the authorities have made a last-minute application to block the release of the tanker, that was seized in waters off Gibraltar by the UK in early July under suspicion of […]

Maersk Earnings Strengthen amid Recovery in Ocean Business

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 15, 2019 Danish conglomerate A.P. Moller – Maersk reported “solid progress” in the second quarter of 2019 as its Ocean business witnessed continued recovery. Earnings before interests, tax, depreciation and amortizations (EBITDA) increased by 17% to USD 1.4 billion from USD 1.2 billion reported in the same period a year earlier. The change was […]

Stena Bulk Seeks Help from Govt Leaders in Freeing Seafarers

Posted By Tony Sanchez / Uncategorized / 0 Comments

August 15, 2019 Stena Bulk, the owner of the seized tanker Stena Impero, is seeking help and assistance from various government leaders with the release of the ship’s crew. Namely, the company’s President and CEO, Erik Hanell, has made a direct appeal to the Prime Minister of India, Narendra Modi, to assist with the release of 18 […]

Evergreen Marine to Add 11 Containership Giants to Its Fleet

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 15, 2019 Taiwanese shipping major Evergreen Marine Corporation has confirmed plans to construct and charter up to 11 containerships that would feature 23,000 TEUs. Under the deals worth around USD 1.76 billion, the company would order five or six vessels to be built, while up to five units would be chartered in. Out of […]