April 10, 2019 French shipping major CMA CGM has completed its public tender offer to acquire CEVA Logistics. Following the close of the offer launched in mid-February, the shipping company would hold 97.89% of the outstanding shares and voting rights of CEVA upon settlement of the tendered CEVA shares, scheduled for April 16, 2019. CMA CGM, which […]
April 10, 2019 Norwegian car carrier Höegh Autoliners said it stands firm on its decision not to implement scrubbers in order to comply with the IMO 2020 regulations. The company informed it would instead use very low sulphur fuel oil (VLSFO) or low sulphur marine gas oil (LSMGO). “We have ordered zero scrubbers and will […]
April 10, 2019 The U.S. Department of the Treasury has blacklisted two shipping firms and a number of vessels, including one Greek tanker, in relation with the U.S. sanctions on Venezuela. The two companies are the Liberia-based Ballito Bay Shipping and Greek ProPer In Management, respectively the registered owner and the operator of the blacklisted […]
April 10, 2019 Japanese shipping major NYK Line has placed an order for a liquefied natural gas (LNG) carrier after signing a charter contract with Italy-based energy company Edison. The 174,000 cubic meter vessel was ordered from South Korea’s Hyundai Samho Heavy Industries. Featuring an X-DF fuel-efficient, dual-fuel engine, the new ship is scheduled to […]
April 9, 2019 United Airlines’ use of larger aircraft on routes previously flown by Boeing Co’s grounded 737 MAX jets is costing the carrier money in the short-term, the company’s President Scott Kirby said in a letter to employees on Tuesday. Chicago-based United, which owns 14 MAX jets and has dozens more on order, has […]
April 9, 2019 American Airlines Co Group Inc said on Tuesday its first-quarter revenue per available seat mile would be below its previous forecast due to the groundings of Boeing 737 MAX planes and the U.S. government shutdown. The airline said it now expects here the closely followed measure of airline performance to be flat […]
April 9, 2019 The route between London Heathrow (LHR) and New York John F. Kennedy (JFK) has taken the crown as Europe’s busiest international scheduled service, research by Routesonline has found. A total of 2,919,864 passengers boarded flights on the 5,550km journey between the two destinations in 2018, according to the latest data from Sabre […]
April 9, 2019 Saudia Cargo will become the 12th member of SkyTeam Cargo on 15 April, extending the world’s only cargo alliance across the Middle East. The airline and its customers will now benefit from an extended global network covering over 900 destinations in more than 175 countries. Nico van der Linden, vice president of […]
April 9, 2019 US exports of crude oil have continued to rise every month since August 2018, setting a new record high of 9.6 million tonnes in January, according to BIMCO. Exports rose in January on the back of increased sales to Europe, which were up from 2.7 million tonnes in December to 4.8 million […]
April 9, 2019 Ahead of the IMO sulphur cap 2020, Shell Marine has introduced a new two-stroke engine cylinder oil specifically for use with engines running on 0.5% sulphur content very low sulphur fuel oil (VLSFO). The new product, Shell Alexia 40, will be available for use in Singapore from June 1, 2019. It will […]
