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Drewry: Tightness in Oil Supply to Hurt Tanker Demand

Posted By Tony Sanchez / Cargo News / 0 Comments

July 16, 2019 Extended production cut by OPEC and dwindling Iranian exports threaten to negate seasonal firmness in tanker market, according to shipping consultancy Drewry. The oil market has been highly volatile in 2019 on account of uncertain supply. Although Drewry expects growth in non-OPEC oil supply to be higher than growth in global demand […]

ABS, MOL Team Up on up to 14 New Gas Carriers

Posted By Tony Sanchez / Cargo News / 0 Comments

July 16, 2019 Classification society ABS and Japanese shipping company Mitsui O.S.K. Lines (MOL) have signed a memorandum of understanding (MOU) to collaborate on up to fourteen new gas carriers. As informed, the agreement covers seven newbuild very large ethane carriers (VLEC) and up to seven new liquefied natural gas carriers (LNGC). The ships have […]

Smartwings passenger plane makes emergency landing in Budapest

Posted By Tony Sanchez / Air Accident / 0 Comments

July 11, 2019 An airplane operated by Czech airline Smartwings made an emergency landing shortly after takeoff at Budapest’s Liszt Ferenc Airport on Thursday after its landing gear was damaged, a spokesman for Budapest Airport told national news agency MTI. Smartwings’ Boeing 737-400 plane bound for Hurghada in Egypt, with 151 passengers and nine crew […]

Indian airline Vistara to launch first international flights in August

Posted By Tony Sanchez / Airlines / 0 Comments

July 11, 2019 Indian full-service airline Vistara said on Thursday it would launch its international flights in August, a year later than anticipated, with Singapore as its first destination. The carrier, a joint venture between Tata Sons and Singapore Airlines Ltd, will launch one daily flight from Delhi and one from Mumbai to the city-state, […]

Boeing 737 Max grounding continues to affect Norwegian

Posted By Tony Sanchez / Airlines / 0 Comments

July 11, 2019 Norwegian has reported that its second quarter (Q2) results were characterized by reduced growth and improved profitability which it said was in line with the company’s strategy. The airline said the negative impacts on production, demand, operating expenses of the grounding of its Boeing 737 Max aircraft, the underlying operating result before […]

Nigeria Introduces New Bill to Tackle Rampant Piracy

Posted By Tony Sanchez / Pirates / 0 Comments

July 11, 2019 Nigeria has introduced a new anti-piracy bill in a bid to improve security in its territorial and exclusive economic zone waters. The Suppression of Piracy and other Maritime Offences Bill, 2019, has received president Muhammadu Buhari’s assent after passing the Senate and House of Representatives on April 9 and April 30, respectively. […]

Samsung Heavy Bags Order for Two Eco-Friendly Suezmax Tankers

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

July 11, 2019 South Korea’s Samsung Heavy Industries (SHI) has clinched a deal to build two Suezmax tankers for an undisclosed Panamanian shipowner. Under the KRW 147 billion (USD 125.4 million) contract, the shipbuilder is scheduled to deliver the units by March 2021. The newly ordered tankers are designed to meet environmental regulations with the […]

K Line Expands Fleet with Latest Corona-Class Coal Carrier

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

July 11, 2019 Japanese shipping firm Kawasaki Kisen Kaisha (K Line) has taken delivery of a 91,000 dwt-type special coal carrier, the Corona Dynamic. Handed over from Oshima Shipbuilding on July 11, the vessel is of the same type as K Line’s specialized fleet for transport of thermal coal known as the Corona-series. The Corona-series […]

MSC Agrees Long-Term Deals for Capital Product Partners’ Duo

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

July 11, 2019 Greek shipping company Capital Product Partners has agreed new long-term time charters with Mediterranean Shipping Company for two 8,266 TEU units. The ships in question are the 108,892 dwt containerships Agamemnon and Archimidis, built by South Korea’s Daewoo Shipbuilding & Marine Engineering in 2007 and 2006, respectively. Capital Product Partners said that […]

French eco aviation tax “misguided”, IATA says

Posted By Tony Sanchez / Cargo News / 0 Comments

July 10, 2019 The introduction of an eco-aviation tax by the French government is “misguided”, according to the International Air Transport Association (IATA). France announced yesterday that it is to bring in the tax for all flights from French airports from 2020 with the amount of the tax depending on the type of ticket bought. […]