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Malaysia’s national day parade to affect nearly 500 flights

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August 21, 2018 Nearly 500 flights will be affected when Malaysia closes the airspace near its major international airport every morning for five days next week to prepare for independence day celebrations, the transport ministry said. Malaysia’s annual National Day parade, which features an aerobatic performance by the air force, is normally held on Aug. […]

Western Bulk Returns to the Black

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August 21, 2018 Dry bulk operator Western Bulk has availed of the recovery of the dry bulk market to bounce back to profit in the first half of 2018. The company posted a profit after tax of USD 3.6 million, a strong improvement from the USD 2.1 million loss from the same period in 2017 […]

Drewry: Turkey Lira Crisis May Affect Asia-Med Growth

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August 21, 2018 Rising Asia to Mediterranean freight rates might not last long as economic crisis engulfs Turkey, Europe’s fifth largest importer of goods from Asia, according to Drewry’s latest weekly insight. As explained, the Asia to Europe trade lane has experienced difficulties this year, but the weakness was largely confined to the North Europe […]

Ethiopian Airlines, Zambia to relaunch national airline at cost of $30 million

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August 20, 2018 Ethiopian Airlines has signed a shareholding agreement with Zambia’s main development agency to relaunch the southern African country’s flag carrier at an initial cost of $30 million. The Ethiopian state-owned carrier has outpaced regional competitors Kenya Airways and South African Airways to become Africa’s largest airline by revenue and profit, and has […]

Transhipments drive growth in July at Cathay Pacific

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August 20, 2018 Cargo and mail volumes for Cathay Pacific Group have continued to grow in July, mainly driven by increased transhipment volumes. In July, Cathay Pacific and Cathay Dragon carried 184,935 tonnes of cargo and mail, an increase of 2.9 per cent compared to the previous year. Capacity measured in available freight tonne kilometres […]

Rhenus Group starts operating in New Zealand

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August 20, 2018 Rhenus Group has set up its own entity in New Zealand, with the first business site starting operations in Auckland today (20 August). The new company, Rhenus Logistics NZ will provide international and domestic logistics services as well as customs consultancy offering both 4PL and 5PL. Auckland, located on the North Island […]

GasLog Reveals LNG Carrier Order at SHI

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August 20, 2018 Owner and operator of LNG carriers GasLog is behind the latest order at South Korean shipbuilder Samsung Heavy Industries (SHI) for two newbuilds. As World Maritime News reported earlier this morning, SHI has been hired to construct two 174,000 cubic meter LNG carriers  with low pressure two stroke propulsion, with expected delivery in late […]

Pirate Attack Fears Raised after Chemical Tanker Goes Missing in GoG

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August 20, 2018 Panama-flagged chemical tanker Pantelena is reported missing since August 14, 2018, when all contact with the ship was lost. The tanker was last reported to be sailing with 17 Georgian sailors on board in the Gulf of Guinea, a known piracy hotspot. The Ministry of Foreign Affairs of Georgia said that an […]

Samsung Heavy Industries Bags Two More LNG Carriers

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August 20, 2018 The insatiable appetite for liquefied natural gas (LNG) carriers is keeping South Korean shipbuilder Samsung Heavy Industries (SHI) hard at work at a tough time for shipbuilders. SHI said in a regulatory filing that it has won an order for two LNG carriers from an undisclosed North American shipowner. The contract is […]

Maersk Inks Compliant Fuel Deal with Vopak

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August 20, 2018 The upcoming 2020 sulphur cap has emerged as a great business opportunity for fast movers, and industry giant A.P. Moller – Maersk knows how to turn an industry challenge into profit. Namely, the company has teamed up with Royal Vopak, an independent tank storage operator, on a project aimed at launching 0.5 […]