Tony Sanchez

Ryanair Pilots Step Up Pressure With Demand to Double Pay Rise

Posted By Tony Sanchez / Airlines / 0 Comments

October 23, 2017 Ryanair Holdings Plc’s pilot uprising shows little signs of abating, with an ad-hoc group demanding that a wage increase turned down by London Stansted crews be doubled and extended across the budget airline’s European bases. The unofficial European Employee Representative Council made the proposal to pilots after cockpit crews at Ryanair’s biggest […]

Cargojet and Canada Post renew agreement until 2025

Posted By Tony Sanchez / Airlines / 0 Comments

October 23, 2017 Cargojet has extended its agreement with the Canada Post Group of Companies (CPGOC) to 31 March 2025. The two companies signed an agreement in February 2014, initially running until 31 March 2022, with three additional 36 month renewal terms, and both parties have chosen to exercise the first renewal. Cargojet president and […]

New cargo facility opens at Edmonton International Airport

Posted By Tony Sanchez / Airport / 0 Comments

October 23, 2017 A new state-of-the-art $10 million Canadian ($7.9 million) cargo and logistics warehouse opened on Friday, 20 October at Edmonton International Airport (EIA). The new 50,000 square-foot cargo facility is the third building owned by Aeroterm and construction began in Spring 2016 and it opened earlier this month. Local media also reported on […]

ULCV Number at Hamburg Port Rises Rapidly

Posted By Tony Sanchez / Seaport / 0 Comments

October 23, 2017 The Port of Hamburg has seen a steep rise of ultra large container vessels (ULCVs) visiting the port over the past two years. In the first half of 2017, ships with a capacity of 18,000 TEU or more called at the port 54 times – more than five times as compared to […]

Scorpio Bulkers Shrinks Net Loss, Initiates Dividend

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

October 23, 2017 Monaco-based dry bulk shipping company Scorpio Bulkers has managed to cut its net loss for the period ended September 30, on the back of an improvement in dry bulk rates. For the third quarter of 2017 the company’s GAAP net loss was USD 10.7 million, compared to a GAAP net loss of […]

Polaris Orders Five More VLOCs at HHI

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

October 23, 2017 South Korean shipping company Polaris Shipping has added five more 325,000 DWT Very Large Ore Carriers to the new building tally at South Korean shipbuilder Hyundai Heavy Industries (HHI). The order, worth USD 400 million, is an option being exercised as part of a contract signed on September 25, when Polaris ordered […]

Nakilat’s Nine-Month Profit Down

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

October 23, 2017 Qatar Gas Transport Company (Nakilat) concluded its financial results for the nine-month period ended 30 September 2017, with a net profit of QR 607 million (USD 160.3 million), down by 19 pct when compared to last year’s corresponding net profit of QR 749 million. The lower profit was mainly attributed to the […]

Danish Shipping: Brexit Talks Impasse Is a Risk for Shipping Companies

Posted By Tony Sanchez / Cargo News / 0 Comments

October 23, 2017 The lack of progress on the future relationship between the EU and the UK creates uncertainty for shipping companies, Danish Shipping said. As explained, the time for operational preparations post-Brexit becomes increasingly short, given that no deal was made between the EU leaders at their meeting in Brussels on Friday. Once again, […]

South African Airways Chairman Ousted in Board Change

Posted By Tony Sanchez / Airlines / 0 Comments

October 19, 2017 South African Airways Chairman Dudu Myeni will leave the state-owned airline in a shake up of the board scheduled for early next month, as the finance ministry puts new management in place to turn around the unprofitable carrier.  Myeni, who is friends with South African President Jacob Zuma and heads his charitable […]

United Airlines Sees More Fare Weakness as Rebound Falters

Posted By Tony Sanchez / Airlines / 0 Comments

October 19, 2017 United Continental Holding Inc. is still suffering from a summer fare war.  A key gauge of pricing power will slide a new in the last three months of the year, with a drop of 1 percent to 3 percent, the airline said as it reported earnings late Wednesday. That’s after a third-quarter decline of […]