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Volga-Dnepr opens operations base in Houston

Posted By Tony Sanchez / Airlines / 0 Comments

December 10, 2018 Volga-Dnepr Group has opened an Operations Base at Houston George Bush Intercontinental Airport to serve customers across North and South America. The base is an expansion of the group’s sales office, which opened in 2001, and will ensure customers will benefit from immediate local expertise and services to meet their logistics requirements. […]

Maersk Unveils New Cargo Protection Solution

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December 10, 2018 Danish shipping giant Maersk is expanding its commercial offering with an extended liability solution, Value Protect, to help protect its customers’ cargo. The solution offers an alternative to cargo insurance, increasing the customers’ chance of receiving full compensation in case of cargo damage in transit, the company explained. Valid while the cargo […]

Moody’s Downgrades Maersk’s Ratings, Outlook Stable

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December 10, 2018 The issuer rating and senior unsecured rating of Denmark-based shipping major A.P. Møller-Mærsk were downgraded to Baa3 from Baa2, according to rating agency Moody’s. The company’s medium-term note (MTN) program rating were also downgraded to (P)Baa3 from (P)Baa2. The rating outlook for all ratings is stable, Moody’s added. “The downgrade reflects our expectation […]

Maran Gas Returns to DSME for Another LNG Carrier

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December 10, 2018 South Korea’s Daewoo Shipbuilding & Marine Engineering has won a shipbuilding contract for a liquefied natural gas (LNG) carrier from a Greek shipowner. Namely, DSME is to construct the new LNG carrier for John Angelicoussis’ shipping company Maran Gas Maritime, Yonhap News Agency said citing the shipbuilder. The unit, which will feature 173,400 […]

Alibaba and Belgian government promote trade under eWTP

Posted By Tony Sanchez / Cargo News / 0 Comments

December 7, 2018 The government of Belgium has signed an agreement with Alibaba Group to promote trade under the Electronic World Trade Platform (eWTP) initiative. Both parties will work closely to build a more inclusive and innovative trade platform to facilitate greater and more equitable access to cross-border trade opportunities, particularly for small and medium-sized […]

MOL to Take Part in Indonesia’s Jawa 1 FSRU Project

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 7, 2018 Japanese shipping company Mitsui O.S.K. Lines has signed agreements related to the construction of a floating storage and regasification unit (FSRU) for Indonesia’s Jawa 1 project. The FSRU would be provided by PT Jawa Satu Regas (JSR), a joint company of PT Pertamina, Marubeni Corporation, and Sojitz Corporation, to storage and regasify LNG to […]

NYK to Build Two More LNG Carriers for Total

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 7, 2018 Japanese shipowner NYK has signed a long-term charter contract with Total Gas & Power Chartering Limited (TGPCL), a subsidiary of French energy major Total, for two LNG carries to be built by Korea’s Samsung Heavy Industries Co. The duo is scheduled for delivery in 2021 and will be equipped with a WinGD-made dual-fuel slow-speed diesel […]

CMA CGM Becomes the 1st Ocean Carrier Listed on Freightos

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 5, 2018 French shipping company CMA CGM has unveiled a pilot agreement with online freight marketplace Freightos whereby the company became the first ocean carrier listed on the platform. Online bookings, guaranteed pricing, and secured capacity on CMA CGM China-US trade lanes are now available on Freightos, with further extension to additional lanes planned in the […]

IATA: Cargo demand picks up again in October

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December 5, 2018 Freight demand picked up again in October with freight tonne kilometres increasing by 3.1 per cent, the International Air Transport Association (IATA) says. The pace was up from a 29-month low of 2.5 per cent in September, though freighter capacity in available freight tonne kilometers rose by 5.4 per cent, the eighth […]

Lufthansa Cargo invests in cargo.one

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December 5, 2018 Lufthansa Cargo is stepping up its cooperation with start-up cargo.one by acquiring a minority shareholding in the Berlin company. Cargo.one was founded in 2017 by Moritz Claussen, Oliver Neumann and Mike Rotgers, providing a platform for booking and marketing air cargo capacity. It focuses on offering dynamic spot rates and enabling their […]