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American Airlines says too early to tell Zika’s impact on travel

Posted By Tony Sanchez / Airlines / 0 Comments

January 29, 2016 American Airlines’ president on Friday said it is too early to tell if the rapidly spreading Zika virus will impact travel, but so far the airline has seen no material change to flight bookings. Read More

Modern Express Stabilized, Weather Hampering Salvage

Posted By Tony Sanchez / Airlines / 0 Comments

January 29, 2016 The Panamanian-flagged car carrier Modern Express has stabilized and is not taking in water, the French Maritime Authority said. Read More

Dorian LPG Reaping Fruit from Delivered Newbuilds

Posted By Tony Sanchez / Uncategorized / 0 Comments

January 29, 2016 Having taken delivery seven vessels under its ECO-design VLGC newbuilding program, owner and operator of modern very large gas carriers Dorian LPG expects higher profits and cash going forward. Read More

Slashed Charter Rate for Diana’s MV Houston

Posted By Tony Sanchez / Uncategorized / 0 Comments

January 29, 2016 Greek dry bulk shipping company Diana Shipping Inc. has entered into a time charter contract with Geneva-based SwissMarine Services S.A. for one of its Capesize dry bulk vessels, the m/v Houston. Read More

Singapore Court Fines Chinpo Shipping Company

Posted By Tony Sanchez / Airlines / 0 Comments

January 29, 2016 A Singapore court has fined Chinpo Shipping Company (Private) Ltd earlier today for its role in attempts to ship arms to North Korea. Read More

Drewry: Half of Over 12-Year-Old Capesizes Need to Go

Posted By Tony Sanchez / Uncategorized / 0 Comments

January 29, 2016 If dry bulk ship-owners collectively removed half of all capesize ships over 12 years old, equating to around 20 million dwt of capacity, it would enable earnings to return to profitability by 2018, according to the latest estimates from Drewry. Read More

CMA CGM Inks Deal with IRISL to Increase Presence in Iran

Posted By Tony Sanchez / Uncategorized / 0 Comments

January 29, 2016 French container shipping company CMA CGM has signed a preliminary agreement with the Islamic Republic of Iran Shipping Lines (IRISL) which aims at increasing the company’s footprint in Iran, the French government said. Read More

IRISL All Set to Sail to Europe

Posted By Tony Sanchez / Uncategorized / 0 Comments

January 29, 2016 The Islamic Republic of Iran Shipping Lines’ (IRISL) vessels will soon sail for Europe as they have been removed from the Office of Foreign Assets Control’s (OFAC) sanctions list, the company said in a release. Read More

Japan’s Big Three Downgrade Forecasts as They Post Losses

Posted By Tony Sanchez / Uncategorized / 0 Comments

January 29, 2016 Japanese three shipping giants have all downgraded their expectations for the full-year consolidated results as they report losses in the third quarter of the fiscal year ending March 31, 2016. Read More

Höegh Names Newest Post Panamax PCTC

Posted By Tony Sanchez / Uncategorized / 0 Comments

January 29, 2016 Norwegian provider of RoRo transportation services Höegh Autoliners has named its New Horizon class vessel Höegh Tracer at Xiamen Shipbuilding Industries in China. Read More