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Air Lease Corporation to order 100 Airbus aircraft

Posted By Tony Sanchez / Uncategorized / 0 Comments

June 17, 2019 Air Lease Corporation (ALC) – the Los Angeles-based aircraft leasing company – has signed a Letter of Intent (LoI) for 100 Airbus aircraft. The order includes for the first time 50 A220-300s and 27 A321XLRs. The agreement also includes an incremental order for an additional 23 A321neos. The agreement was announced today […]

Shipping Industry Concerned About Rise of Protectionist Measures

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May 15, 2019 Major shipowners’ associations have expressed their concern over recent trade developments impacting the shipping sector.  A delegation from the International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) drew attention to recent increases in protectionist measures at the World Trade Organization (WTO) in Geneva. […]

AIR CANADA UPDATES 737MAX SCHEDULE FOR MAY 2019

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April 3, 2019 Canadian flag carrier Air Canada has updated their 737 MAX flight scheduled for 2019. This is in response to the current grounding of the type worldwide, the safety note issued by Transport Canada on 13th March 2019 and Transport Canada ban on the type flying within Canada’s airspace. The airline has adjusted […]

K Line Readies for Major Loss, Starts Structural Reform

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March 7, 2019 Japanese shipping major K Line is to launch a significant structural reform in order to improve its profitability from fiscal year 2019. Namely, the company plans to cancel charter contracts for containerships and small and medium sized dry bulkers worth around JPY 50 billion (USD 447 million) and reduce its market exposure. […]

Alphaliner: CMA CGM Debt Could Reach USD 15 Bn in 2019

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March 7, 2019 After recording a total debt of USD 9.18 billion at the end of 2018, the French shipping major CMA CGM is expected to see its debt surge to USD 15 billion in 2019, according to data provided by Alphaliner. Namely, the company’s new capital expenditure requirements and the consolidation of CEVA Logistics’ debt, as […]

As Amazon Air Expands, FedEx And UPS May Suffer

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February 18, 209 Source:( CNBC)

ACI Europe: Freight feels the cold November rain

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January 15, 2019 Freight traffic across European airports fell for the first time in three years in November due to the challenging geopolitical and economic environment, Airports Council International (ACI) Europe reports. Among EU airports, freight traffic was down 2.1% and non-EU airports were up 3.6%, with Liege Airport, Istanbul Ataturk and Madrid Airport the […]

Cargo volumes remain high at Heathrow

Posted By Tony Sanchez / Airport, Uncategorized / 0 Comments

January 11, 2019 Following on from a record year in 2017, cargo volumes at Heathrow Airport remained high, with almost 1.7 million tonnes passing through the airport in 2018. Heathrow handled 1.68 million tonnes of air cargo in 2018, down 0.8% on 2017 but the airport says data was incomplete and missing at the time […]

BIMCO: EU, China, US Need to Support Counter-Piracy in GoG

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January 10, 2019 Maritime powers need to increase their presence and expand their collaboration with local states to curb piracy in the Gulf of Guinea, according to BIMCO. Around 40 ships have been attacked in the Gulf of Guinea in the past 12 months. Most recently, six seafarers were kidnapped from the MSC Mandy, which was on […]

Drewry: Good News and Bad News for Container Ports in 2019

Posted By Tony Sanchez / Cargo News, Uncategorized / 0 Comments

January 9, 2018 The global container terminal industry is expected to remain a very profitable business in 2019, with its throughput set to exceed 800 million TEU generating an EBITDA worth over USD 25 billion, according to UK-based shipping consultancy Drewry. The projection is being made despite the upcoming headwinds the sector faces from growing geopolitical uncertainties […]