Archive

Captain Sentenced to Two Years for Prestige Disaster

Posted By Tony Sanchez / Airlines / 0 Comments

January 27, 2016 The captain, the British insurer and the owner of the Prestige tanker that sank in 2002 off Galicia, Spain, have been found guilty for one of Europe’s worst environmental disasters, according to the Spanish Supreme Court. Read More

Boeing pulls back on 747-8 production

Posted By Tony Sanchez / Airlines / 0 Comments

January 27, 2016 In one of the clearest signs yet that confidence in the 2016 cargo market is weakening, Boeing said last week that it plans to scale back production of the 747-8 freighter from one aircraft per month to one every other month. The reason cited for the 50 percent reduction in production is […]

Rico Logistics purchases Circle Express

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January 27, 2016 To enhance its same-day delivery capabilities, Rico Logistics, the U.K.-based subsidiary of worldwide logistics group TVS, acquired a majority shareholding in Circle Express. The day-to-day operations will not change; however, upper management will have a new reporting structure. Read More

Jinhui Shipping Predicts Bad Fortune for 2015 Results

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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

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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

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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