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TOP Ships Nets USD 60.2 Mn for Its Recently Acquired MRs

Posted By Tony Sanchez / Cargo News / 0 Comments

December 24, 2019 TOP Ships, a Greek owner and operator of ECO tankers, has inked a financing deal with an undisclosed Chinese financier worth USD 60.2 million for its recently acquired two newbuilding 50,000 dwt Medium Range product/chemical tankers. The ships were bought earlier this month, from an entity affiliated with Evangelos Pistiolis, the company’s President […]

Gabon: Four Sailors Kidnapped, One Feared Killed

Posted By Tony Sanchez / Pirates / 0 Comments

December 24, 2019 Armed pirates have kidnapped four Chinese sailors in Owendo anchorage in Gabon, the Spokesperson of the Chinese Foreign Ministry Geng Shuang confirmed. The incident took place on December 22, local time, as the robbers attacked two fishing boats belonging to Sigapeche. “Their whereabouts are not yet known at this moment. The Chinese […]

A380 funds: ‘part-out’ of returned aircraft offers investors some relief as Emirates retires planes

Posted By Tony Sanchez / Airlines / 0 Comments

December 23, 2019 Emirates Airline is retiring its fleet of A380 passenger jets, for which the Dubai-based carrier was Airbus’ biggest customer. Gloomy as the news is for investors in closed-end A380 funds, they can still expect to make a return on their investment. Recent developments, with Emirates following the lead of Air France and […]

Etihad Cargo named Center of Excellence for Perishable Logistics

Posted By Tony Sanchez / Airlines / 0 Comments

December 23, 2019 Etihad Cargo, the cargo and logistics arm of Etihad Airways, has cemented its position as a leading international air cargo carrier after becoming only the second carrier to be awarded IATA’s Centre of Excellence for Perishable Logistics (CEIV Fresh) in Abu Dhabi. The new award elevates Etihad Cargo as the first Middle […]

Five Ships Boarded in Singapore Strait

Posted By Tony Sanchez / Pirates / 0 Comments

December 23, 2019 Five ships were boarded by pirates in the past four days while underway in the eastbound lane of Singapore Strait, according to piracy watchdog ReCAAP. Of the five ships, three were bulkers and two were tankers. All seafarers were reported safe, with some items reported to be stolen from the attacked vessels. […]

US Gives More Time to Companies to Wind Down Dealings with Cosco Dalian

Posted By Tony Sanchez / Cargo News / 0 Comments

December 23, 2019 The U.S. Treasury Department has extended the deadline to companies that deal with COSCO Shipping Tanker (Dalian) to wind down their transactions with the company and its units, pushing the target time to February 4, 2020. Under the previous ruling, the companies had time until December 20, 2019, to wrap up their operations with […]

CMA CGM Seals Deal to Sell Stakes in 10 Port Terminals to Terminal Link

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 23, 2019 French shipping and logistics major CMA CGM Group has signed an agreement with China Merchants Port (CMP) to sell a portfolio of stakes in ten port terminals to their joint venture Terminal Link. CMA CGM plans to cash in USD 968 million from the transaction, which is expected to close in spring 2020, […]

Airbus delivers first A350s with touchscreen cockpit displays

Posted By Tony Sanchez / Aircraft Manufacture / 0 Comments

December 19, 2019 Airbus has commenced deliveries to airlines of the first A350s equipped with pioneering new touchscreen cockpit displays. Specially developed for the A350 together with Thales, they will confer enhanced operational efficiencies, greater crew interaction, cockpit symmetry and smoother information management. On 18th December China Eastern Airlines took delivery in Toulouse of the […]

K Line Joins Project to Develop Hydrogen Supply Chain

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 19, 2019 Japanese shipping company Kawasaki Kisen Kaisha (K Line) is taking part in “CO₂-free Hydrogen Energy Supply-Chain Technology Research Association” (HySTRA), an association working towards creating an international CO₂ free energy supply chain, the company said. The announcement comes days after the launching and naming of the project’s centerpiece, also known as the […]

Stena Buys Majority Stake in Norwegian Jetty-Less LNG Solutions Provider

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 19, 2019 Swedish shipping company Stena AB group has acquired a 75% stake in 7 Seas LNG & Power AS, a Norway-based specialist provider of ‘jetty-less’ LNG solutions. Under its new operating name of Stena Power & LNG Solutions AS, the Grimstad-based company will offer to the market its jetty-less LNG to power solutions, […]