Tony Sanchez

Grounding the 737 MAX to cost Boeing $5 billion

Posted By Tony Sanchez / Aircraft Manufacture / 0 Comments

July 19, 2019 Grounding the 737 MAX is likely to cost Boeing $5 billion, the aircraft giant has announced a week before it releases its second quarter results. Boeing says it will record an after-tax charge of $4.9 billion due to delayed aircraft deliveries and associated issues, resulting in a $5.6 billion reduction in revenue […]

Global Ship Lease Agrees Charter with OOCL

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

July 19, 2019 Containership charter owner Global Ship Lease has signed a new agreement with Hong Kong-based container shipping and logistics service company Orient Overseas Container Line Limited (OOCL). The charter was signed for the 2003-built GSL Keta “at an improved rate”, according to GSL. Commencing in late July, the 2,207 TEU vessel will be […]

Panalpina stands firm as rivals chase business

Posted By Tony Sanchez / Airlines / 0 Comments

July 18, 2019 Panalpina is standing firm as competitors pursue its business, with half year profits almost reaching the highs of 2018. Consolidated profits were down 5.7% to 34 million Swiss francs, driven by the airfreight sector seeing a fall in the automotive sector. Airfreight volumes were up 5% to 511,700 tonnes, primarily due to […]

Egypt Unveils Shipping Incentives

Posted By Tony Sanchez / Cargo News / 0 Comments

July 18, 2019 The Egyptian government has announced a new package of incentives and discounts for shipping companies in a bid to ensure the sustainability of shipping lines’ schedules. Vessels calling at Egyptian ports and transiting Suez Canal can now expect savings reaching up to 45% on the fees of navigational aids and lighthouses. The […]

ReCAAP: Asian Piracy Incidents Drop in 1st Half of 2019

Posted By Tony Sanchez / Pirates / 0 Comments

June 18, 2019 A total of 28 incidents of piracy and armed robbery against ships, comprising 25 actual and three attempted incidents, were reported in Asia during January-June 2019. According to the regional piracy watchdog ReCAAP, the situation of piracy and armed robbery against ships in Asia continued to improve during the first half of […]

Cathay Pacific sees pressure on yields due to intense competition

Posted By Tony Sanchez / Airlines / 0 Comments

July 18, 2019 Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) said on Thursday it expected yields, a proxy for airfares, to be under pressure in the coming months as performance in North America and Europe lags expectations due to intense competition. Long-haul destinations have performed below expectations, especially on the yield front, the airline said […]

IATA calls for “urgent improvements” to European air traffic management

Posted By Tony Sanchez / Cargo News / 0 Comments

July 18, 2019 The International Air Transport Association (IATA) has called on European governments and air navigation service providers (ANSPs) to make “urgent improvements” to European air traffic management. The association said the priority should be to cut carbon emissions and address the unnecessary costs and flight delays suffered by passengers from inefficient airspace routes […]

MSI: Rapid Decarbonisation to Lead to Radical Transition

Posted By Tony Sanchez / environment / 0 Comments

July 18, 2019 Carbon Carriers: MSI studies the implications of radical decarbonization for the shipping industry Consultancy highlights that those in the industry who believe commitments to cut carbon emissions will be achieved need to prepare for radical transition Rapid decarbonisation of global energy supplies will have radical implications for the global shipping industry, according […]

Svitzer Tug Employees Agree Pay Increase, End Strikes

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

July 18, 2019 Members of Nautilus International and Svitzer tug employees in Amsterdam and Rotterdam have reached an end to a long-running dispute with Svitzer Euromed over unpaid working hours. Namely, the trade unions Nautilus International and FNV Havens negotiated a five-year Collective Bargaining Agreement (CBA) with Svitzer Euromed management on July 15. According to […]

Dutch airline KLM under fire after breastfeeding mother told to cover up

Posted By Tony Sanchez / Airlines / 0 Comments

July 17, 2019 Dutch airline KLM faced sharp criticism on Wednesday for its “antiquated values” after cabin crew told a breastfeeding woman to cover herself up to spare the blushes of other passengers. Women’s rights campaigners reacted angrily when KLM confirmed the policy on social media, saying the company was playing into stigma and mothers […]