Tony Sanchez

Wan Hai Orders Eight Containerships in Japan

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

June 21, 2016 Taiwan’s shipping company Wan Hai Lines has decided to expand its fleet as it ordered eight new containerships from a Japanese shipbuilder, according to the company’s stock exchange filing. The eight vessels, which will feature 1,900 TEUs, are worth between USD 212 million and USD 326 million. Wan Hai said that the […]

UK referendum could affect European airline traffic rights

Posted By Tony Sanchez / Airlines / 0 Comments

June 20, 2016 A British vote to leave the European Union in Thursday’s referendum would call into question EU agreements on open airspace that have fostered a huge expansion of air travel, creating uncertainty for both British and other EU airlines. Flying rights between two countries, including how many airports a carrier may fly to […]

Gol Sweetens Debt Exchange Offer After Failure of First Attempt

Posted By Tony Sanchez / Airlines / 0 Comments

June 20, 2016 Gol Linhas Aereas Inteligentes SA, the Brazilian airline seeking to restructure $780 million in dollar-denominated notes, sweetened an exchange offer after the original terms attracted investors holding only 17 percent of the debt. Besides smaller discounts, the new terms include premiums that will be paid based on the company’s performance, if more than […]

India Allows Foreign Investors to Buy 100% of Local Airlines

Posted By Tony Sanchez / Airlines / 0 Comments

June 20, 2016 India will allow foreign entities such as funds and portfolio investors to fully own local airlines, raising from an earlier cap of 49 percent, in a bid to lure investment into Asia’s third-biggest economy. Shares of InterGlobe Aviation Ltd., Jet Airways India Ltd. and SpiceJet Ltd. rallied. Foreign investment limits in commercial […]

Boeing Said Near $4 Billion Deal With Russian Firm to Save 747

Posted By Tony Sanchez / Airlines / 0 Comments

June 20, 2016 Boeing Co. is nearing a $4 billion deal with Russia’s largest air-freight company that would help extend the life of the iconic, hump-nosed 747 jumbo jet amid waning demand for four-engine aircraft, people close to the transaction said. The U.S. planemaker is in advanced talks with AirBridgeCargo Airlines and its Moscow-based parent, […]

AirBridgeCargo adds 6th freighter destination in China

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June 20, 2016 AirBridgeCargo Airlines (ABC) has introduced another new freighter destination to its expanding international network with the launch of flights to Chongqing, one of the leading commercial centres in China. The new service operates from Moscow Sheremetyevo Airport two times per week, every Wednesday and Friday, and will be linked with ABC’s Shanghai […]

FedEx flies sea otters from Alaska to France

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June 20, 2016 FedEx Express has safely transported three sea otters from Alaska to France, so the animals can set up home at the Océanopolis ocean discovery park in Brest. The orphaned Pacific sea otters, called Atka, Kesuk and Pukig, were transported from the SeaLife Center in Seward, Alaska to Paris Charles de Gaulle Airport […]

AirBridgeCargo soars by 31% in May

Posted By Tony Sanchez / Airlines / 0 Comments

June 20, 2016 AirBridgeCargo Airlines (ABC) has continued strong growth with 31 per cent year-on-year growth in both May and the first five months of 2016. The Russian carrier carried 50,482 tonnes in May and 238,154 tonnes in the first five months, assisted by expanding its network through new and increased routes. ABC has started […]

Bulker Grounds in Mauritius after a Fight between Sailors

Posted By Tony Sanchez / Cargo News / 0 Comments

June 20, 2016 A 1998-built bulk carrier MV Benita ran aground on the southeast coast of Mauritius after an incident broke out between the vessel’s crew members, local media reported. A fight which broke out between two sailors on Thursday night was reportedly the cause of the vessel’s grounding on the coast of Le Bouchon […]

Denmark: Five Shipping Firms Violate Sulfur Measures

Posted By Tony Sanchez / Cargo News / 0 Comments

June 20, 2016 Five shipping companies were reported for violating sulfur requirements, which came into effect on January 1, 2015, according to the Danish Ministry of Environment and Food. Based on oil samples, the five companies, which operate on fuels with high sulfur content, were reported to the police. Relevant authorities are now scheduled to […]