Archive

Jinhui Shipping Predicts Bad Fortune for 2015 Results

Posted By Tony Sanchez / Airlines / 0 Comments

January 27, 2016 Due to record-low freight rates in the dry bulk shipping market, the Hong Kong-based marine transportation company Jinhui Shipping and Transportation Limited expects to record a wider net loss for the fourth quarter and year ended 31 December 2015, compared to a year earlier. Read More

Maersk Switches Samba Calls to DP World London Gateway

Posted By Tony Sanchez / Airlines / 0 Comments

January 27, 2016 Maersk Line, the world’s largest container shipping line, has switched the UK call of its Samba service from Tilbury to DP World London Gateway Port. Read More

Safe Bulkers Secures 2nd Refinancing Deal

Posted By Tony Sanchez / Airlines / 0 Comments

January 27, 2016 Nasdaq–listed bulker owner and operator Safe Bulkers, Inc. has entered into a new term loan facility refinancing three credit facilities, in the total amount of USD 44.9 million. Read More

ITF to Finance Seaman Guard Ohio Crew’s Appeal

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January 27, 2016 The International Transport Workers’ Federation (ITF) will pay for legal support for the court appeal of the recently sentenced anti-piracy ship Seaman Guard Ohio’s crew members. Read More

Two United Airlines investors raise stakes to influence company

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January 27, 2016 United Continental Holdings Inc. said on Tuesday two investment firms raised their stakes in the airline to engage it on issues ranging from board composition to capital structure and enhancing shareholder value. Read More

New York Flights Begin To Recover After Storm

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January 25, 2016 Flight schedules at New York City airports began to recover on Sunday evening after the worst snowstorm to hit the US East Coast in decades resulted in hundreds of cancellations and delays. Read More

Qantas, Air NZ Halt Vanuatu Flights Over Runway Risks

Posted By Tony Sanchez / Airlines / 0 Comments

January 25, 2016 Qantas and Air New Zealand have suspended flights to Vanuatu due to safety concerns about its airport runway, a blow to tourism and the Pacific island nation’s recovery efforts after a cyclone last year. Read More

No bomb found on diverted Turkish Airlines flight from Texas

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January 25,2016 A Turkish Airlines flight from Houston, Texas, diverted to Shannon, Ireland, on Sunday was found to have no explosive devices on board and would take off to Istanbul soon, a spokesman for the flag carrier said. The plane, bound for Turkey’s largest city, was diverted after a piece of paper with “bomb” written […]

Saudi Arabian Airlines to raise 5 bln riyals in Islamic bonds in Q2

Posted By Tony Sanchez / Airlines / 0 Comments

January 25, 2016 Jan 24 Saudi Arabian Airlines (Saudia), the kingdom’s national carrier, plans to raise as much as 5 billion riyals ($1.33 billion) in Islamic bonds (sukuk) in the second quarter to refinance existing debt and purchase new aircraft, an airline official said. Saudia is in negotiations with local banks, the airline’s director-general Saleh […]

Schiphol Cargo nears record handle in 2015

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January 23, 2016 Europe’s third-largest cargo airport, Amsterdam Schiphol, closed 2015 with a total cargo throughput of 1.62 million tonnes, just 0.7 percent less than the record, which was set in 2014. The fourth quarter was Schiphol’s strongest, and also its first quarter of 2015 with consistent growth, which was 1.3 percent against Q4 2014. […]