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Delta Favors Airbus Over Boeing for Order of 100 Jets

Posted By Tony Sanchez / Airlines / 0 Comments

December 14, 2017 Delta Air Lines Inc. is leaning toward Airbus SE over Boeing Co. for an order of about 100 single-aisle jets that will be announced after its board makes a decision Wednesday, people familiar with the matter said.  The negotiations include Airbus’s longest narrow-body, the A321neo, said the people, who asked not to be named because the talks […]

Qatar Airways Keen to Increase Cathay Pacific Stake From 9.9%

Posted By Tony Sanchez / Airlines / 0 Comments

December 14, 2017 Qatar Airways Ltd. is interested in raising its stake in Cathay Pacific Airways Ltd., provided the move doesn’t “disrupt” the holdings of the top two major investors, Swire Group and Air China Ltd., the Gulf carrier’s Chief Executive Officer Akbar Al Baker said.  The Doha-based airline, which announced buying almost 10 percent of Cathay in November […]

Lufthansa Drops Plan to Buy Air Berlin’s Niki Unit

Posted By Tony Sanchez / Airlines / 0 Comments

December 14, 2017 Ryanair Holdings Plc is targeting landing rights vacated by Air Berlin Plc’s Niki arm after Deutsche Lufthansa AG called off a planned takeover of the Austrian leisure carrier.  Ryanair, Europe’s biggest discount airline, will seek the slots as Niki grounds its planes in the wake of Lufthansa’s decision, spokesman Robin Kiely said Thursday in response to […]

Delta Cargo expands IATA CEIV network across Europe

Posted By Tony Sanchez / Airlines / 0 Comments

December 14, 2017 Delta Cargo has expanded its IATA CEIV network across Europe with the addition of Dusseldorf Airport, operating the facilities in conjunction with Air France KLM. The airline has 50 pharma approved stations around the global with seven International Air Transport Assocation Center of Excellence for Independent Validators (IATA CEIV) approved facilities all […]

FAA plans to impose its largest-ever hazmat fine

Posted By Tony Sanchez / Cargo News / 0 Comments

December 14, 2017 The Federal Aviation Administration (FAA) is proposing its largest civil penalty recorded against Braille Battery for alleged Hazardous Materials Regulations (HazMat) violations in 2016. The Sarasota, Florida-based company is facing a penalty of $1.1 million for allegedly offering four shipments, each containing a 24-volt lithium ion battery, to FedEx for transportation by […]

Tanker Ordering Up by 17 Pct despite Anticipated Headwinds

Posted By Tony Sanchez / Cargo News / 0 Comments

December 14, 2017 Shipowners appear to be unfazed by the likelihood of low profits continuing into the next year, mainly driven by the continuing excess supply of tankers, as they have intensified their ordering in 2017. Specifically, tanker newbuilding orders have increased year to date by 17 percent when compared to 2016, according to Intermodal’s […]

Maersk Line Pulling Out of TSA

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 14, 2017 Danish container carrier Maersk Line is withdrawing from the Transpacific Stabilization Agreement (TSA) this month as part of its commitments to regulatory authorities made in the context of the acquisition of Hamburg Süd. In light of the commitments provided by Maersk Line, in the context of its acquisition of Hamburg Süd and […]

Moody’s: Carriers’ Consolidation Will Continue into 2018

Posted By Tony Sanchez / Cargo News / 0 Comments

December 14, 2017 Consolidation, whether through alliances or M&A, will continue apace in the container shipping industry into 2018, according to Moody’s ratings agency. The companies are expected to opt for this solution in an effort to boost market share, improve efficiency, and handle intensifying competition and persistent oversupply, “The trend toward consolidation among container […]

NAT Launches Public Offering as Part of Recapitalization

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 13, 2017 Bermuda-based Nordic American Tankers (NAT) has announced an underwritten public offering of USD 100 million of its common shares pursuant to the company’s effective shelf registration statement. The company informed that, at its request, the underwriters have reserved for sale an aggregate of around USD 1.2 million of its common shares for […]

NTSB Blames Captain for El Faro Sinking

Posted By Tony Sanchez / Cargo News / 0 Comments

December 13, 2017 The El Faro tragedy, which was the deadliest shipping disaster involving a US-flagged vessel in more than 30 years, was caused by the captain’s failure to avoid sailing into a hurricane. The National Transportation Safety Board (NTSB) concluded that the sinking occurred due to the captain’s decisions, despite numerous opportunities to route […]