Tony Sanchez

Alphaliner: Megamaxes Continue to Be Favored by Ocean Carriers

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 21, 2019 Despite overcapacity woes, ocean carriers show no signs of ditching megamax containerships in favor of smaller vessels, Alphaliner said.  As explained, containership operators continue to find ways to fill their megamaxes, with Ocean Network Alliance (ONE) declaring that the 20,170 TEU MOL Triumph achieved a new world load record. On January 10, the boxship departed […]

Maersk Launches Demerger, Separate Listing of Maersk Drilling

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 21, 2019 Danish shipping giant Maersk has decided to initiate the separation of its drilling activities through a demerger and separate listing of Maersk Drilling Holding. The company said that the shares in Maersk Drilling and its subsidiaries, as well as certain other assets and liabilities, will be contributed to a new company, Maersk […]

Samsung Heavy Wins Deal for LNG Carrier Quartet

Posted By Tony Sanchez / Ship Builder / 0 Comments

February 21, 2019 South Korea’s Samsung Heavy Industries has clinched an order to build four liquefied natural gas (LNG) carriers. The shipbuilder received newbuilding orders from a US shipowner, SHI said in a regulatory filing without revealing further details. The shipbuilding deal is worth around KRW 870.4 billion (USD 774.9 million) and it would see […]

With new decree, LATAM Airlines Brazil officially passes to Chilean hands

Posted By Tony Sanchez / Airlines / 0 Comments

February 20, 2019 Chile’s LATAM Airlines Group SA has asked Brazil’s antitrust regulator Cade to boost its voting stake in LATAM Airlines Brazil to 51 percent, formalizing a controlling interest in Brazil’s No. 2 airline that for years it was unable to achieve because of local restrictions. In December, Brazil’s then-President Michel Temer signed an […]

AirBridgeCargo signs up for special services

Posted By Tony Sanchez / Airlines / 0 Comments

February 20, 2019 Russian freighter operator AirBridgeCargo Airlines has signed a leasing agreement with Lufthansa Group’s ULD management arm Jettainer for the short-term provision of units for special cargoes. It will give AirBridgeCargo access to the Jettainer fleet including horse stalls, car racks, and other pallets or containers. Jettainer has developed a JettLease product that […]

Cargo contributes to Cathay turnaround

Posted By Tony Sanchez / Airlines / 0 Comments

February 20, 2019 Cathay Pacific Airways says that it expects a consolidated profit of about HK$2.3 billion for the year ending 31 December 2018, compared to a of HK$1,259 million in 2017. It partly attributed the turnaround to a strong cargo business with increased capacity, yield and load factors increased. The company’s transformation program also […]

Pilots union rains on Atlas Air’s parade

Posted By Tony Sanchez / Airlines / 0 Comments

February 20, 2019 The Teamsters Union, which represents Atlas Air and Southern Air pilots who fly for DHL and Amazon Air, is warning investors not to believe the positive spin put out by the parent company in its latest financial results. In an open letter to investors, it says that many pilots are leaving the […]

Nordic American Tankers Shrinks Quarterly Loss

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 20, 2019 Bermuda-based tanker shipping company Nordic American Tankers (NAT) wrapped up the fourth quarter of this year with a net loss of USD 10.5 million. This was a substantial improvement from a loss of USD 151.4 million posted in the corresponding period a year earlier and a loss of USD 38 million seen […]

Euronav Disposes of Its Only LR1 Tanker

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 20, 2019 Belgium’s tanker shipping company Euronav NV has decided to sell Genmar Compatriot, a 2004-built LR1 tanker. The 72,768 dwt vessel has been sold for USD 6.75 million to an undisclosed buyer. As informed, the vessel will be delivered to its new owners in the course of April 2019. Euronav expects to record a capital gain […]

d’Amico Joint Venture Sells MR Product Tanker

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 20 2019 Tanker owner d’Amico International Shipping has revealed the sale of a 2009-built MR product tanker by its joint venture DM Shipping. The joint venture company between Mitsubishi Group (40 pct) and d’Amico Tankers (51 pct), signed a memorandum of agreement for the sale of the 46,800 dwt MT High Strength for a […]