Tony Sanchez

Maran Gas Returns to DSME for Another LNG Carrier

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December 10, 2018 South Korea’s Daewoo Shipbuilding & Marine Engineering has won a shipbuilding contract for a liquefied natural gas (LNG) carrier from a Greek shipowner. Namely, DSME is to construct the new LNG carrier for John Angelicoussis’ shipping company Maran Gas Maritime, Yonhap News Agency said citing the shipbuilder. The unit, which will feature 173,400 […]

Alibaba and Belgian government promote trade under eWTP

Posted By Tony Sanchez / Cargo News / 0 Comments

December 7, 2018 The government of Belgium has signed an agreement with Alibaba Group to promote trade under the Electronic World Trade Platform (eWTP) initiative. Both parties will work closely to build a more inclusive and innovative trade platform to facilitate greater and more equitable access to cross-border trade opportunities, particularly for small and medium-sized […]

MOL to Take Part in Indonesia’s Jawa 1 FSRU Project

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December 7, 2018 Japanese shipping company Mitsui O.S.K. Lines has signed agreements related to the construction of a floating storage and regasification unit (FSRU) for Indonesia’s Jawa 1 project. The FSRU would be provided by PT Jawa Satu Regas (JSR), a joint company of PT Pertamina, Marubeni Corporation, and Sojitz Corporation, to storage and regasify LNG to […]

NYK to Build Two More LNG Carriers for Total

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December 7, 2018 Japanese shipowner NYK has signed a long-term charter contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of French energy major Total, for two LNG carries to be built by Korea’s Samsung Heavy Industries Co. The duo is scheduled for delivery in 2021 and will be equipped with a WinGD-made dual-fuel slow-speed diesel […]

CMA CGM Becomes the 1st Ocean Carrier Listed on Freightos

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December 5, 2018 French shipping company CMA CGM has unveiled a pilot agreement with online freight marketplace Freightos whereby the company became the first ocean carrier listed on the platform. Online bookings, guaranteed pricing, and secured capacity on CMA CGM China-US trade lanes are now available on Freightos, with further extension to additional lanes planned in the […]

IATA: Cargo demand picks up again in October

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December 5, 2018 Freight demand picked up again in October with freight tonne kilometres increasing by 3.1 per cent, the International Air Transport Association (IATA) says. The pace was up from a 29-month low of 2.5 per cent in September, though freighter capacity in available freight tonne kilometers rose by 5.4 per cent, the eighth […]

Lufthansa Cargo invests in cargo.one

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December 5, 2018 Lufthansa Cargo is stepping up its cooperation with start-up cargo.one by acquiring a minority shareholding in the Berlin company. Cargo.one was founded in 2017 by Moritz Claussen, Oliver Neumann and Mike Rotgers, providing a platform for booking and marketing air cargo capacity. It focuses on offering dynamic spot rates and enabling their […]

COSCO Shipping Adds Call to Port of Tampa Bay

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December 5, 2018 Container shipping major COSCO Shipping will add Port of Tampa Bay to its Gulf of Mexico Express (GME) Transpacific service, with the first vessel M/V Cosco Piraeus scheduled to arrive on January 28, 2019. The new GME service port rotation will be Shanghai-Ningbo-Xiamen-Yantian-Houston-Mobile-Tampa. Import transit time to Port Tampa Bay from China […]

DSME to Build Up to Six LNG Carriers for US Owner

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December 5, 2018 Korean shipbuilder Daewoo Shipbuilding & Marine Engineering has received an order to build two liquefied natural gas (LNG) carriers for an American owner. Under the deal, signed with the unnamed company, the new vessels would be delivered from the shipyard in the first half of 2021. The shipbuilding contract is worth KRW 412.1 billion […]

South Africa Airways needs $540 million in working capital from next month

Posted By Tony Sanchez / Airlines / 0 Comments

November 27, 2018 South Africa’s cash-strapped state airline will need a total of 7.5 billion rand ($540 million) from next month to fund day-to-day operations into 2019, a presentation to a parliamentary committee by the airline showed on Tuesday. SAA, which has not generated a profit since 2011, survives on state guarantees and is regularly […]