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TEN Secures Charters for Product Tanker Duo

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January 9, 2018 Greece-based Tsakos Energy Navigation has agreed charter contracts for two of its product tankers. The 3-year charter deals, with an undisclosed oil company, are expected to generate USD 33 million of gross revenues and up to USD 60 million in potential maximum revenues. “With 2018 finishing on an upbeat note for all […]

LATAM Cargo to open Santiago – Chicago route

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January 8, 2019 LATAM Cargo will open a cargo route between Santiago de Chile and Chicago on 19 February, the airline’s sixth destination in the US. Chicago’s connectivity with Asia is expected to expedited services, reducing transit times to less than 35 hours, improving temperature control and decreasing cargo exposure. Chile is a major exporter […]

Qatar Airways Cargo adds Guadalajara to network

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January 8, 2019 Qatar Airways Cargo has started freighter services to Guadalajara, Mexico expanding its network in the Americas, serving the destination with a Boeing 777 Freighter. Guadalajara services started on 6 January, with twice-weekly freighters departing from Macau to Los Angeles and onward to Mexico City then to Guadalajara, before departing for Doha via […]

Emirates SkyCargo flies 2.6 million tonnes of cargo

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January 8, 2019 Emirates SkyCargo transported almost 2.6 million tonnes of cargo in 2018, including fruit and vegetables, space satellites, pharmaceuticals and domestic pets. Over 73,000 tonnes of pharmaceutical cargo flew with Emirates SkyCargo, including 1.8 million doses of vaccines flying from Italy to Brazil. The exclusive freighter flight carried 36 special purpose containers in […]

Explosion Rocks Chemical Tanker off Hong Kong, One Dead

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January 19, 2019 One seafarer has lost his life, while three others are missing following an explosion and fire aboard a Vietnamese chemical tanker off Lamma Island, Hong Kong. Teams deployed at the site managed to rescue 21 sailors who escaped from the fire, which occurred on board the 17,542 dwt Aulac Fortune on January […]

MOL Chemical Tankers to Buy All Shares of Nordic Tankers from Triton

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January 8, 2019 Singapore-based MOL Chemical Tankers has reached an agreement with Triton to buy 100% of shares in Danish chemical tanker company Nordic Tankers. Triton, the current sole shareholder of the company, would sell and deliver Nordic Tankers’ shares together with all rights attached to them on and with effect from the closing date, which is […]

Panama Canal Cuts Maximum Draft for Neopanamax Locks

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January 8, 2019 The Panama Canal Authority (ACP) has decreased the maximum allowable draft for vessels transiting the Neopanamax locks at the beginning of January. Precipitation registered in the Panama Canal watershed during December 2018 was around 90 percent below the historical average, causing water levels in Gatun and Madden Lakes to drop below the expected […]

d’Amico Tankers Inks Sale and Leaseback for New LR1 Tanker

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January 8, 2019 d’Amico Tankers D.A.C. (Ireland), the operating subsidiary of tanker owner d’Amico International Shipping, has signed a memorandum of agreement and bareboat charter contract for its newbuilding LR1 vessel. Under the deal, the company agreed a sale and leaseback of the 75,000 dwt MT Cielo di Houston, currently under construction at South Korea’s Hyundai […]

Menzies Aviation expands Australian cargo network

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January 7, 2019 Menzies Aviation has expanded its Australian cargo operations with the opening of facilities at Cairns Airport and Melbourne Avalon Airport. Menzies Aviation Cairns is a joint venture between Menzies Aviation and local provider AT Group, with the facility in Queensland’s Far North due to be ready for international cargo in the first […]

AAPA: Flat growth for Asia Pacific in November

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January 7, 2019 Air cargo volumes remained high but growth was flat in November, according to figures released by the Association of Asia Pacific Airlines (AAPA). Freight tonne kilometres (FTK) were up 0.1% to 6.47 billion while capacity in available FTKs were up 5.9% to 9.9 billion, pushing load factors down 3.8 percentage points to […]