Scorpio Tankers Raising Fresh Funds via Share Offering

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 10, 2018 Monaco-based tanker owner Scorpio Tankers has priced its previously announced underwritten public offering of over 162.1 million common shares. As part of this offering, priced at USD 1.85 per share, Scorpio Bulkers and Scorpio Services Holding Limited, each a related party and members of the Scorpio group of companies, have agreed to purchase common […]

British Airways loses New York crown to low-cost rival Norwegian

Posted By Tony Sanchez / Airlines / 0 Comments

October 9, 2018 Norwegian Air Shuttle has overtaken British Airways as the biggest non-U.S. airline on transatlantic routes to and from the New York area, in the latest illustration of the low cost carrier’s move into British Airways territory. Norwegian carried 1.67 million passengers to or from airports in the New York area in the […]

IPCC: Unprecedented Changes Needed for 1.5°C Global Warming Limit

Posted By Tony Sanchez / environment / 0 Comments

October 9, 2018 Limiting global warming to 1.5°C would require rapid, far-reaching and unprecedented changes in all aspects of society, the Intergovernmental Panel on Climate Change (IPCC) said in a new assessment. With clear benefits to people and natural ecosystems, limiting global warming to 1.5°C compared to 2°C could go hand in hand with ensuring a […]

Air NZ, Singapore Air Alliance Extended

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 8, 2018 Air New Zealand and Singapore Airlines have received regulatory approval from NZ authorities to extend their alliance for five years until March 2024. The alliance between the two flag carriers launched in 2015, with increased frequencies and new routes introduced over the period. Seat capacity has increased by more than 25 percent […]

Delta’s A220-100 Flies For The First Time

Posted By Tony Sanchez / Airlines / 0 Comments

October 8, 2018 Delta Air Lines’ first Airbus A220-100 took off on its maiden flight over the weekend from the Bombardier assembly plant in Québec. Delta will be the first US airline to operate the A220, formerly the Bombardier CS100. The Atlanta-based airline ordered 75 of the 100-plus seater jet in a 2016 USD$5.6 billion […]

Will UK warehousing suffer its own ‘Brexodus’?

Posted By Tony Sanchez / Cargo News / 0 Comments

October 8, 2018 United Kingdom Warehousing Association (UKWA) CEO, Peter Ward, has expressed the Association’s disappointment and frustration that the UK government “seems not to have recognised the critical labour shortage facing the warehousing and logistics industry”; a sector that depends on immigrant labour – particularly at peak times, such as Black Friday, Cyber Monday […]

CORE improves ULD tracking with greater speed, range and capacity

Posted By Tony Sanchez / Cargo News / 0 Comments

October 8, 2018 CORE Transport Technologies has upgraded its COREInsight Bluetooth Tracking, improving ULD tracking with greater speed, range and payload capacity. The upgrade was unveiled at the ULD Care global symposium in Guangzhou, China where the company showed off implementing a BLE resilient mesh network incorporating military grade security, which can support hundreds of […]

Norway proposes increased tax on long haul flights, cut on short haul

Posted By Tony Sanchez / Airlines / 0 Comments

October 8, 2018 The Norwegian government proposed on Monday to raise the tax on airline tickets to non-European destinations to 200 Norwegian crowns ($24.13) from 80 crowns currently. On travel in Europe, it proposed a cut to 75 crowns per ticket from 80 crowns. “The passenger fee is given an environmental profile by introducing distance […]

Brazil airline Gol reports drop in quarterly operating margin

Posted By Tony Sanchez / Airlines / 0 Comments

October 8, 2018 Brazilian airline Gol Linhas Aereas Inteligentes SA is likely to post an operating margin, or EBIT margin, of 5 to 5.5 percent in the third quarter, down 7 percentage points from the same period last year, the firm said on Monday. In a securities filing previewing the firm’s quarterly results, Gold said […]

Navios Acquisition, Navios Midstream Wrap Up Merger Deal

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

October 8, 2018 Tanker owner Navios Acquisition has entered into a definitive mergeragreement with Navios Midstream. Under the deal, Navios Acquisition will acquire all of the publicly held units of Navios Midstream in exchange for shares. The transaction is expected to simplify the capital and organizational structure, increase trading liquidity and float of the Navios Acquisition common stock, […]