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Thai Airways Turns To Net Profit In Q4

Posted By Tony Sanchez / Airlines / 0 Comments

February 29, 2016 Thai Airways returned to profit in the fourth quarter, shrinking its 2015 loss as a restructuring that reduced operating costs and boosted passenger revenues bore fruit. Read More

Brazil Considers Raising Foreign Investment Limit On Airlines

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February 29, 2016 Brazil plans to propose to Congress in the first half of the year an increase in the foreign ownership of local airlines, in a move to help the struggling sector. Read More

Stelios Calls For Removal Of Fastjet CEO

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February 29, 2016 Stelios Haji-Ioannou, one of the major shareholders in Fastjet, has called for an investor meeting for the immediate dismissal of the African budget carrier’s founder and chief executive Ed Winter. Read More

UPS dips toes into same-day delivery with Deliv investment

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February 29, 2016 Possibly hearing footsteps from its rivals in the e-commerce logistics businesses, such as Amazon, United Parcel Service (UPS) has invested US$28 million in a new startup company called Deliv Inc., which specializes in performing same-day parcel delivery. Read More

FedEx expanding on Amazon’s home turf

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February 29, 2016 FedEx Ground is not standing idle in Amazon’s home town. The company has leased at 152,155 square-foot facility on 15 acres in Auburn, Washington, just south of Seattle. The building will be used as a primary distribution and sorting facility. It is also just six miles from an Amazon fulfillment center, and […]

IAG Cargo focuses on new year

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February 29, 2016 Referencing 2015’s challenging market conditions, IAG Cargo reported just over €1 billion in cargo revenue for 2015, which was up 3.2 percent year-over-year. Yield was down 4 percent compared to 2014 while capacity was up 3 percent. Read More

Brazil to propose raising foreign stake in local airlines -official

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February 29, 2016 The Brazilian government plans in the first half of the year to propose to Congress an increase in the foreign ownership of local airlines, which could include a two-stage hike, Interim Aviation Minister Guilherme Ramalho told Reuters on Monday. Read More

Bad Year Start for Liner Reliability

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 29, 2016 Container service reliability started 2016 on a disappointing note as the average on-time performance slipped by 5.7 percentage points in January to 69.6%, according to Drewry’s Carrier Performance Insight. Read More

Höegh LNG Nets USD 223 Mln to Finance New FSRU

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 29, 2016 Oslo-listed owner and operator of floating LNG import terminals, Höegh LNG Holdings, has received commitment letters for a USD 223 million bank financing for FSRU#7, scheduled for delivery by the end of the first quarter of 2017, the company said. Read More

17 Shipping Firms Face Sanctions for Alleged Price Fixing

Posted By Tony Sanchez / Cargo News / 0 Comments

February 29, 2016 Seventeen container shipping companies are facing sanctions due to alleged price fixing activities in the period from 2009 to 2013 between Peru’s Callao port and Asia, the Peruvian standards development organization Indecopi informs. Read More