U.S. Customs System Down Nationwide at Airports, Slowing Entries

Posted By Tony Sanchez / Airport / 0 Comments

August 16, 2019 A U.S. Customs and Border Protection system for processing airline passengers on international flights failed on Friday, slowing entry for people arriving from outside the country during a busy summer travel day. The systems are down nationwide, several U.S. airports said on Twitter and in interviews. “CBP is experiencing a temporary outage […]

LATAM Airlines Group improves net result in second quarter but still a loss of $62.8m

Posted By Tony Sanchez / Airlines / 0 Comments

August 16, 2019 The LATAM Airlines Group reported as a whole in the second quarter achieved a net result improved by $144.9 million year-over-year to a $62.8 million net loss in second quarter 2019, compared to a $207.8 million loss in the same quarter in 2018. Total revenues rose 0.5 per cent year-on-year (YOY) in […]

Malaysia Moves Ahead with Bunker Island Development Project

Posted By Tony Sanchez / Cargo News / 0 Comments

August 16, 2019 Malaysia’s Johor Port Authority has signed an agreement with special purpose entity Smart Crest to build a MYR 2 billion (USD 477 million) oil storage and ship refueling site off the country’s South-West coast. The “Bunker Island Development” project will include the construction of two jetties and seven berths with a storage […]

Gibraltar Releases Seized Iranian Tanker Grace 1

Posted By Tony Sanchez / Cargo News / 0 Comments

August 16, 2019 Authorities in Gibraltar have released the supertanker Grace 1, seized in early July on suspicion that it was in breach of EU sanctions. The officials have revoked the vessel’s earlier specified detention with effect from August 15. The tanker, that was transporting cargo of 2.1m barrels of Iranian crude oil to Baniyas […]

Samsung Heavy Wins USD 186 Mn LNG Carrier Deal

Posted By Tony Sanchez / Ship Builder / 0 Comments

August 16, 2019 South Korean shipbuilder, Samsung Heavy Industries, has secured a deal to build a liquefied natural gas (LNG) carrier for an Asian customer. According to the builder’s stock exchange filing, the construction contract has a value of around KRW 225.5 billion (USD 185.8 million). The new vessel is scheduled for delivery to the […]