Tony Sanchez

V.Group Acquires Norddeutsche Reederei

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 17, 2018 Consolidation of the commercial and technical management companies in Germany’s container industry is in full swing, the latest merger deal being signed between Norddeutsche Vermögen Group and V.Group for Norddeutsche Reederei H. Schuldt to join V.Group. The combined company will form a partnership for commercial management with Blue Net Chartering. Norddeutsche Reederei, […]

Dynagas LNG Partners Eyes USD 55 Million from Share Offering

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 17, 2018 Owner and operator of natural gas carriers Dynagas LNG Partners LP is about to raise a total of USD 55 million from the public offering of its shares. The company revealed that 2,200,000 of its 8.75% Series B shares Fixed to Floating Rate Cumulative Redeemable Perpetual Preferred Units, were priced at USD 25 […]

Ocean Cleanup Arrives at Great Pacific Garbage Patch

Posted By Tony Sanchez / environment / 0 Comments

October 17, 2018 A pioneering project of collecting plastics from the ocean is hours away from kicking off. Namely, the Ocean Cleanup’s System 001 has arrived at its final destination, the Great Pacific Garbage Patch, and activities are underway to put it into operation. Maersk Supply Service‘s Maersk Launcher was in charge of towing the system to […]

Ethiopian Airlines to resume flights to Mogadishu next month

Posted By Tony Sanchez / Airlines / 0 Comments

October 16, 2018 Ethiopian Airlines will start flying to the Somali capital Mogadishu on Nov. 2 for the first time in four decades, the state-affiliated Fana Broadcasting reported on Tuesday. “Our flights will quickly grow to multiple daily flights given the huge volume of traffic between the two sisterly countries and the significant traffic between […]

Stena Bulk Joins the Scrubber Ordering Wave

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

October 16, 2018 Swedish tanker shipping company Stena Bulk has signed a turnkey exhaust gas scrubber solution agreement with Chinese Bluesoul to equip its Suezmax and IMOIIMAX fleets. In total, Stena Bulk will equip 15 vessels with scrubbers and have an additional 6 options for installation prior to 2020, the enforcement date of the global […]

ONE Expects Deeper Loss amid Teething Problems

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

October 16, 2018 Newly-launched Ocean Network Express (ONE) expects to report much wider loss than previously estimated, the company said in a downgraded business forecast for the first half and full year. Specifically, for the first half of the fiscal year 2018, covering the period from April to September 2018, ONE expects its loss to […]

Scorpio Agrees Scrubber Deals for Tanker, Bulker Fleets

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

October 16, 2018 Scorpio Bulkers and Scorpio Tankers, units of Scorpio Shipping Group, have signed letters of intent (LOIs) for the purchase and installation of scrubbers on the companies’ vessels.   The LOIs were inked with suppliers, engineering firms, and ship repair facilities and are subject the execution of definitive documentation, according to the two companies. Following […]

Rolls-Royce, Intel Launch Autonomous Ship Collaboration

Posted By Tony Sanchez / Cargo News / 0 Comments

October 16, 2018 Rolls-Royce and Intel have signed an agreement with an aim to collaborate on designs for sophisticated intelligent shipping systems that are expected to make commercial shipping safer. “We’re delighted to sign this agreement with Intel, and look forward to working together on developing exciting new technologies and products, which will play a […]

Kuwait Airways signs agreement to buy eight Airbus A330-800neo planes

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 15, 2018 Kuwait Airways said on Monday it has signed an agreement with European planemaker Airbus to buy eight A330-800neo airliners following five months of negotiations. Kuwait Airways expects the deliveries to take place between March 2019 and the end of 2026, the Gulf carrier said on its Twitter account. Source: (Reuters)

ReCAAP: Piracy Incidents Drop to Ten-Year Low

Posted By Tony Sanchez / Pirates / 0 Comments

October 15, 2018 A total of 64 incidents of piracy and armed robbery against ships were reported in Asia during January-September 2018, according to Asia’s piracy watchdog ReCAAP. Of the 64 incidents, comprising 50 actual incidents and 14 attempted incidents, three were incidents of piracy and 61 were incidents of armed robbery against ships. The number […]