Tony Sanchez

2020 Bulkers Raises USD 3 Mn for Yard Instalments

Posted By Tony Sanchez / Cargo News / 0 Comments

February 7, 2019 Norwegian shipowner 2020 Bulkers has raised net proceeds of USD 3 million through a private placement. On February 5, the company said that it conducted a private placement of 300,000 new shares, each at a subscription price of USD 10.0 per share. Subsequent to the closing of the private placement, 2020 Bulkers Ltd […]

dnata increases share in freight forwarding partners

Posted By Tony Sanchez / Logistics Company / 0 Comments

February 6, 2019 dnata has strengthened its position in the UAE and international freight forwarding industry by increasing its ownership in two of its joint venture companies. It has purchased a 50% stake in Dubai Express, Freightworks and a 25.5% stake in Bollore Logistics UAE from Kanoo Group. As a result of the transaction, dnata […]

IATA: 3.5% growth in 2018 despite demand softening

Posted By Tony Sanchez / Cargo News / 0 Comments

February 6, 2019 The global airfreight market grew by 3.5% in 2018 despite softening demand resulting in a fall in December, according to the International Air Transport Association (IATA). The growth in freight tonne kilometers was significantly lower than 2017, when it was 9.7%, with performance being sealed with a fall of 0.5% in December, […]

Tough Market Conditions Force Team Lines to Close Its Doors

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 6, 2019 Hamburg-based container feeder operator Team Lines said it would discontinue all business operations as of February 11, 2019. The company opted for the move on the basis of deteriorating market conditions in Northern Europe over the recent years, combined with the ongoing consolidation process in the maritime sector which makes a continuation […]

Diana Shipping Extends Charter with Phaethon International

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 6, 2019 Greek dry bulk shipowner Diana Shipping has, through a wholly-owned subsidiary, entered into a time charter contract with Phaethon International Company. The deal was agreed for one of the company’s Panamax dry bulk vessels, the 2001-built m/v Danae. The 75,106 dwt vessel, which started the charter on February 5, was hired at […]

Russia’s Aeroflot warns fuel prices to cost it $732 mln in 2018

Posted By Tony Sanchez / Airlines / 0 Comments

February 5, 2019 Aeroflot estimates rising fuel prices will cost it 48 billion roubles ($732.37 million) for 2018, Russia’s largest airline said on Monday. Fuel prices have risen at Russian airports along with global oil prices since mid-2017, peaking in the summer. Aeroflot’s standalone net profit under local accounting rules plunged 10-fold to 2.796 billion […]

Qatar, EU in final stages of air services deal: Qatar Airways CEO

Posted By Tony Sanchez / Airlines / 0 Comments

February 5, 2019 Qatar and the European Union are in the final stages of concluding a comprehensive air transport agreement covering fair competition and transparency, the chief executive of state-owned Qatar Airways said on Tuesday “We have taken bold steps by agreeing to articles on fair competition, social aspects, business practices, and transparency,” Akbar al-Baker […]

German minister: We have no specific plans to help bust airline Germania

Posted By Tony Sanchez / Airlines / 0 Comments

February 5, 2019 German Economy Minister Peter Altmaier said he had no specific plans to help airline Germania, which collapsed on Tuesday after it failed to secure financing to meet a short-term cash squeeze, adding that what happened was a function of the market economy. Altmaier said the government would watch the situation at Germania […]

German airline Germania files for insolvency

Posted By Tony Sanchez / Airlines / 0 Comments

February 5, 2019 German airline Germania said on Tuesday it had filed for insolvency and would terminate flight operations immediately, citing rising fuel prices and a stronger dollar. There were also delays integrating aircraft into the fleet and a high number of “maintenance events”, the company said in a statement. CEO Karsten Balke said it […]

IAG Cargo launches pet transport service

Posted By Tony Sanchez / Airlines / 0 Comments

February 5, 2019 IAG Cargo has launched a new pet transportation service on British Airways flights from the UK through its partnership with PetAir UK. The service helps to remove the stress of pet travel arrangements, with customers booking through IAGCargo.com. Through the partnership, PetAir UK offers home pet collection services and can manage import […]