HMM Hires Diana Containerships’ Panamax

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 10, 2018 South Korean shipping major Hyundai Merchant Marine has signed an agreement to hire a Panamax boxship from Greek company Diana Containerships. Under the agreement between the parties, Diana’s 5,042 TEU container vessel Pamina is scheduled to start working for HMM from August 24, 2018. The deal, which was signed for a period of […]

Port of Rotterdam: Bow Jubail Oil Spill Clean-Up Will Last until Mid-2019

Posted By Tony Sanchez / environment / 0 Comments

August 10, 2018 The cleanup operation of the heavy-fuel oil that spilled from Odfjell’s chemical tanker Bow Jubail at the end of June is expected to last until the middle of 2019, according to the Port of Rotterdam Authority. The tanker vessel leaked over 200 tonnes of fuel oil in the port of Rotterdam following the collision that […]

Intense Competition, Fuel Costs Push Hapag-Lloyd Deeper into the Red

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 10, 2018 Market headwinds have pushed German liner Hapag-Lloyd into a net loss of EUR 100.9 million (USD 115.6 million) for the first half of the year. This is EUR 58.2 million below the 2017 half year result, which came at EUR -42.7 million. The German shipping company attributed the poor performance to intense competition […]

Brazil’s Azul posts Q2 profit for the first time in three years

Posted By Tony Sanchez / Airlines / 0 Comments

August 9, 2018 Brazilian airline Azul SA posted a second quarter net profit of 238 million reais ($63.10 million), after posting net losses in the same period in the past two years. The results were positive despite the higher cost of oil in the international market and a truckers’ strike in Brazil that paralyzed the […]

Ethiopian Airlines to fly seafood from Norway to China

Posted By Tony Sanchez / Airlines / 0 Comments

August 9, 2018 Ethiopian Airlines will launch a cargo route from Oslo to Guangzhou in China, boosting Norway’s capacity for seafood exports to East Asia, the company and Norwegian airport operator Avinor said on Thursday. Starting in Africa, an Ethiopian Boeing 777-200F cargo plane will pick up containers of chilled salmon and other seafood in […]

Record setting growth for American Airlines Cargo

Posted By Tony Sanchez / Airlines / 0 Comments

August 9, 2018 American Airlines Cargo has had record-setting growth in the second quarter, with a significant increase in e-commerce, pharmaceutical and perishable shipments. The airline handled almost 158 million KG of freight in the period compared to 144 million a year ago, with June recording its best performance in more than 10 years. A […]

Cecilie Maersk Collides with Fishing Vessel

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 9, 2018 Maersk Line’s 1,827 TEU containership Cecilie Maersk collided with a fishing vessel on August 7, while en route to Le Port, Reunion, a small island in the vicinity of Madagascar. “The fishermen were rescued and no injuries were sustained. The fishing vessel has reported sustaining hull damage. All relevant authorities have been notified and […]

Euronav CEO Calls for More Recycling, Ordering Restraint

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

August 9, 2018 Fresh from merging with Gener8 Maritime, Belgian crude oil tanker company Euronav reported a net loss of USD 51.6 million for the first half of 2018. Proportionate EBITDA for the same period was USD 98.8 million, down from USD 151.8 million year-on-year. According to the company’s CEO Paddy Rodgers, the completion of the Gener8 […]

Drewry: Reefer Trade Growth to Push Freight Rates Up

Posted By Tony Sanchez / Cargo News / 0 Comments

August 9, 2018 Despite moderating perishable seaborne trade growth, continued modal shift will sustain expansion in the containerised reefer trade and so support freight rate development, global shipping consultancy Drewry said. Containerised reefer traffic expanded by 8% in 2017, outpacing the growth in overall seaborne reefer trade. The growth was mainly driven by the continued shift […]

Uganda Has Big Plans for New National Airline About to Take Off

Posted By Tony Sanchez / Airlines / 0 Comments

August 8, 2018 Uganda’s fledgling national airline will be a candidate for an initial public offering and closer cooperation with other carriers if the launch goes as planned. Uganda Airlines, which last month signed deals for Airbus SE wide-body jets and Bombardier Inc. regional planes, is due to begin operating 19 routes in January, Transport […]