Tony Sanchez

Fewer freighter flights means less cargo for Frankfurt

Posted By Tony Sanchez / Airport / 0 Comments

August 13, 2018 Cargo volumes at Frankfurt Airport fell by 6.4 per cent in July due to fewer freighters and less freight being shipped in passenger aircraft. The German airport handled 175,960 tons, the lowest figure in July since the 2009 financial crisis, mainly due to the number of freighter aircraft operating from Frankfurt, with […]

“Exceptional” year for Ethiopian Airlines as freight grows 18%

Posted By Tony Sanchez / Airlines / 0 Comments

August 13, 2018 Freight traffic at Ethiopian Airlines grew 18 per cent in the 2017/18 fiscal year as the airline expanded its fleet and network. The airline handled 400,339 tons during the year, with operating revenue growing 43 per cent to 89.1 billion Ethiopian birr (ETB) and net profit standing at 6.8 billion ETB ($241.6 […]

COSCO Shipping International Bounces Back to Profit

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 13, 2018 Singapore-listed COSCO Shipping International saw its turnover from continuing operations jump by 271 pct in the second quarter of 2018. The logistics management company posted a turnover of SGD 40 million (USD 29 million) for Q2 2018, mainly driven by the turnover of SGD 32.3 million from newly acquired logistics businesses, the 100% […]

Yang Ming Sinks Deeper into Loss

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 13, 2018 Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) delivered an expanded net loss in the second quarter of 2018, amid a surge in fuel prices so far this year. The company’s net loss for the period was TWD 3.81 billion (USD 123.5 million) compared to a net loss of TWD 445 million […]

VesselsValue: US Sanctions on Iran to Affect Greek Owners

Posted By Tony Sanchez / Cargo News / 0 Comments

August 13, 2018 Greek shipowners, that dominate Iranian exports, are most likely to be affected by the upcoming US sanctions on Iranian ports, shipping and energy sectors. A significant increase in trade volumes with a seasonal pattern in ton-mile exports were witnessed following the lifting of US sanctions in January 2016, as total volumes kept […]

Port of Antwerp Hit by Fire

Posted By Tony Sanchez / Seaport / 0 Comments

August 13, 2018 A smoldering fire erupted in a consignment of 5,000 tonnes of nickel oxide in a warehouse at the Port of Antwerp on August 11, causing the port authority to evacuate seagoing vessels in the vicinity. The fire broke out on Saturday evening in a 6,000 m² warehouse on the Emdenweg, Leopold Dok, Antwerp’s […]

F-15Cs break sound barrier to intercept stolen airliner out of Seattle airport in bizarre incident

Posted By Tony Sanchez / Air Accident / 0 Comments

August 11, 2018 Two 15-Cs broke the sound barrier to intercept a stolen airliner out of Seattle-Tacoma International Airport on Friday night. Facebook users reported hearing sonic booms over Eatonville. An airport maintenance worker stole the Dash 8 twin-engine turboprop commuter airliner and was killed when the aircraft crashed. In a bizarre incident originating from […]

Video: Dreamliner Rips Through Tail of Turkish Airlines 777

Posted By Tony Sanchez / Airlines / 0 Comments

August 11, 2018 It seems like 2018 has been plagued by costly ground collision between aircraft or between ground vehicles and aircraft. That trend continued Thursday with two aircraft being damaged in a collision that thankfully left no one hurt. At Istanbul’s Ataturk Airport (IST), a taxiing Royal Air Maroc Boeing 787-8 struck a stationary […]

Hainan Airlines sells remaining stake in Brazil’s Azul for $306 million

Posted By Tony Sanchez / Airlines / 0 Comments

August 10, 2018 China’s Hainan Airlines said on Friday it had sold its remaining stake in Brazilian airline Azul SA in a deal that netted it $306.25 million after deducting underwriting fees. The carrier, part of financially troubled Chinese conglomerate HNA, said in a statement that it had sold 19.38 million American Depositary Shares at […]

Cargo slows in July at Heathrow Airport

Posted By Tony Sanchez / Airport / 0 Comments

August 10, 2018 Cargo at Heathrow Airport is continuing to slow down in July with volumes falling by 2.1 per cent year-on-year. The airport handled 140,241 tonnes in July with most regions of the world falling two to three per cent. North America was the biggest trade lane at 49,695 tonnes, down 3.1 per cent; […]