Tony Sanchez

Salmon exports make up for weak imports at LATAM

Posted By Tony Sanchez / Airlines / 0 Comments

November 23, 2018 Cargo revenue at LATAM Airlines increased by 2.5 per cent in the third quarter with Chilean salmon exports making up for weaker imports. Third quarter revenue was $278.9 million, while revenue tonne kilometers (RTK) were up 2.6 per cent to 875 million, with capacity in available tonne kilometer (ATK) increasing by 3.9 […]

JAXPORT Wins USD 46 Mn for Harbor Deepening

Posted By Tony Sanchez / Uncategorized / 0 Comments

November 23, 2018 The Jacksonville Port Authority (JAXPORT) has received additional USD 46 million in funding from the U.S. Army Corps of Engineers for the Jacksonville Harbor deep draft navigation project. The 47-foot deepening improvement project, authorized by the Water Resources Reform and Development Act of 2014, will enable mega-sized container vessels to enter the port. […]

Aegean Marine Unlocks Funds after First Day Motions Approval

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

November 23, 2018 Marine fuel logistics company Aegean Marine Petroleum Network has secured access to USD 532 million in financing after it received US court approval of all the company’s first day motions. The US Bankruptcy Court for the Southern District of New York granted the interim approval related to the company’s voluntary Chapter 11 restructuring, immediately […]

Hapag-Lloyd Chooses Scrubbers for Ten Containerships

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November 23, 2018 German container shipping line Hapag-Lloyd has placed an order for ten hybrid ready exhaust gas cleaning systems (EGCS) for its Hamburg class vessels. The scrubbers would be gradually installed to the 13,000 TEU ships during 2019 and 2020, with all of the installations expected to be finished before the end of 2020. The retrofits […]

Avianca Cargo touches down at Brussels Airport

Posted By Tony Sanchez / Airlines / 0 Comments

November 22, 2018 Avianca Cargo made its maiden voyage between Europe and South America on 18 November with direct flights to Brussels Airport. The Airbus A330-200 Freighter services will offer customers an extended network in Europe. The flights to Brussels providing connections to the flower auction in Amsterdam, the main operation and consolidation centre for […]

Pacific Basin Closes USD 40 Mn Loan Facility

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

November 22, 2018 Hong Kong-based dry bulk shipping company Pacific Basin Shipping has closed a USD 40 million seven-year term loan facility with ship finance institute Danish Ship Finance A/S. As explained, the facility is an extension of the company’s existing term loan with Danish Ship Finance A/S and is secured by the same 19 […]

Diana Shipping Signs Charter Deal with BG Shipping

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

November 22, 2018 Athens-based shipowner Diana Shipping has signed a time charter deal with Hong Kong-based BG Shipping for one of its Post-Panamax dry bulk vessels. The company’s 93,193 dwt bulker Alcmene was hired at a gross charter rate of USD 11,500 per day for a period of eleven to fourteen months. Alcmene, built in 2010, started […]

Malaysia’s AirAsia X reports wider third-quarter loss on higher fuel cost

Posted By Tony Sanchez / Airlines / 0 Comments

November 21, 2018 Malaysia’s AirAsia X Bhd reported a sharply wider third-quarter net loss on Wednesday, the airline’s second consecutive quarter in the red due to higher fuel prices. Volatile fuel costs have been a significant pressure on the long-haul budget offshoot of AirAsia Group Bhd, and analysts expect that will continue to be a […]

LATAM Airlines posts steep drop in third-quarter profit, reduces fleet commitments

Posted By Tony Sanchez / Airlines / 0 Comments

November 21, 2018 LATAM Airlines, the biggest airline group in Latin America, reported a quarterly net profit of $53 million on Tuesday, down from $160 million a year earlier, as it faced increased competition from low-cost competitors. Competition has eaten into LATAM’s margins, prompting the airline to announce it had renegotiated commitments for future aircraft […]

Kuehne + Nagel acquires Quick International Courier

Posted By Tony Sanchez / Logistics Company / 0 Comments

November 21, 2018 Kuehne + Nagel has acquired Quick International Courier, a provider of time-critical transportation and logistics solutions focusing on the aviation and pharma industries. The Jamaica, New York-based company has 550 employees specialized in ‘Next Flight Out’ and ‘Next Drive Out’ shipments. Quick consists of Sterling Aviation, QuickSTAT, Quick Healthcare and Quick Logistics […]