Archive

Hyundai Heavy-DSME merger probe in EU back on track

Posted By Tony Sanchez / Cargo News / 0 Comments

June 4, 2020 The European Union’s anti-trust body has resumed its in-depth investigation into the proposed acquisition of Koran shipbuilder Daewoo Shipbuilding & Marine Engineering CO., Ltd (DSME) by its compatriot Hyundai Heavy Industries Holdings (HHIH). The European Commission stopped the clock on the merger investigation on April 1, 2020, after establishing that the Coronavirus pandemic […]

Why Do Cargo Operators Fly Older Planes?

Posted By Tony Sanchez / Cargo News / 0 Comments

June 2, 2020 You may have noticed that many cargo aircraft are older planes that have long been out of commercial passenger usage, like the Airbus A300. Others are new aircraft from production lines that no longer offer passenger versions, like the Boeing 767. Why do cargo carriers prefer older planes? Let’s find out. How […]

UK Government’s new post-Brexit tariff regime will see winners and losers

Posted By Tony Sanchez / Cargo News / 0 Comments

May 20, 2020 The UK government’s new post-Brexit tariff regime will result in both winners and losers. The new regime is set to replace the European Union’s Common External Tariff from the end of the Brexit Transition Period on December 31, 2020. The UK’s commitment to the ongoing Brexit process and ending the UK’s transition […]

Iran Warns U.S. Over Venezuela-Bound Tankers

Posted By Tony Sanchez / Cargo News / 0 Comments

May 18, 2020 Iran has sent an official warning to the U.S. against making threats to Iranian fuel tankers bound for Venezuela, the state-run Islamic Republic News Agency reported. On Sunday Iran’s Ministry of Foreign Affairs summoned the Swiss envoy Markus Leitner, who represents U.S. interests in the Islamic Republic, to warn that any measures […]

Bulk Shipping ‘At The Very Bottom’ as Carrier Earnings Plunge

Posted By Tony Sanchez / Cargo News / 0 Comments

May 18, 2020 Vessels carrying dry bulk commodities are struggling to make a profit because of the double hit of lower seasonal demand for cargoes and the Covid-19 pandemic that’s wrecking trade and industrial activity worldwide. “We’re really at the very bottom for dry bulk,” William Fairclough, managing director of Wah Kwong Maritime Transport Holdings […]

Unions, employers give govts one month to sort out crew changes

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After extending seafarers’ contracts at sea twice due to the overall challenges for executing crew changes and keeping seafarers safe from exposure to COVID-19, the unions and employers have given governments one month to facilitate crew changes. The deadline was revealed last week following the latest round of talks between the Joint Negotiating Group (JNG) […]

Panama Canal ensures steady draft and transit reliability

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Mayo 12, 2020 Panama Canal has secured a steady draft for the upcoming period ensuring an operational level of water and transit reliability in the second half of 2020, the canal authority said in the latest update. The announcement is being made as the canal resorted to water-saving measures earlier this year after experiencing the […]

Australia ties up with airlines to carry produce, seafood to Asian markets

Posted By Tony Sanchez / Cargo News / 0 Comments

May 6, 2020 Australia on Wednesday said it has reached agreements with Singapore Airlines (SIAL.SI) and Qantas Airways Ltd (QAN.AX) to carry foods to Asian markets, part of a government initiative to help businesses hit hard by the new coronavirus. Qantas from Thursday will begin a weekly flight from the country’s north to Hong Kong […]

Asia Pacific Airlines Profitability Declined in 2019

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May 6, 2020 Preliminary financial performance figures released today by the Association of Asia Pacific Airlines (AAPA) showed that Asia Pacific airlines recorded US$3.8 billion in combined net earnings in 2019, a 25% decline compared to the US$5.1 billion reported in 2018. Profitability was impacted by intense competition adding downward pressure on yields, whilst air […]

Asia Pacific airlines’ March traffic results show impact of COVID-19

Posted By Tony Sanchez / Cargo News / 0 Comments

April 29, 2020 Preliminary traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed air cargo demand plummeted in March as COVID-19 infections spread to many countries across the world. In March, the World Health Organisation (WHO) classified COVID-19 as a global pandemic. The number of countries imposing travel restrictions globally more than […]