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V.Group Acquires Norddeutsche Reederei

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October 17, 2018 Consolidation of the commercial and technical management companies in Germany’s container industry is in full swing, the latest merger deal being signed between Norddeutsche Vermögen Group and V.Group for Norddeutsche Reederei H. Schuldt to join V.Group. The combined company will form a partnership for commercial management with Blue Net Chartering. Norddeutsche Reederei, […]

Dynagas LNG Partners Eyes USD 55 Million from Share Offering

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October 17, 2018 Owner and operator of natural gas carriers Dynagas LNG Partners LP is about to raise a total of USD 55 million from the public offering of its shares. The company revealed that 2,200,000 of its 8.75% Series B shares Fixed to Floating Rate Cumulative Redeemable Perpetual Preferred Units, were priced at USD 25 […]

Kuwait Airways signs agreement to buy eight Airbus A330-800neo planes

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October 15, 2018 Kuwait Airways said on Monday it has signed an agreement with European planemaker Airbus to buy eight A330-800neo airliners following five months of negotiations. Kuwait Airways expects the deliveries to take place between March 2019 and the end of 2026, the Gulf carrier said on its Twitter account. Source: (Reuters)

OOCL to Launch Bunker Recovery Surcharge as Its Switches to Low Sulphur Fuel

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October 15, 2018 Hong Kong-based Orient Overseas Container Line (OOCL) plans to meet the new sulphur cap regulations by switching to 0.5 percent low sulphur fuel. The transition to LSF of the company’s entire fleet will start in the second half of 2019, the company said. As a result, the container carrier expects its fuel […]

Canada’s Air Transat says airline deal with Thomas Cook could expand

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October 12, 2018 Canada’s Air Transat could expand a partnership deal with the airline arm of British tourism group Thomas Cook to include codesharing and interlining, the boss of the Canadian carrier said. Codesharing is a way of airlines selling each other’s tickets and then sharing passengers on a flight offered by the partner airline, […]

Air India Express 737 Hits Wall On Takeoff

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October 12, 2018 An Air India Express flight to Dubai diverted to Mumbai after ground staff alerted the pilots that it had sustained damage on takeoff. The Boeing 737-800, operating flight IX 611, was taking off from the southern India city of Trichy when it appeared to hit a wall causing damage to the underside […]

ONE, Hapag-Lloyd Join Forces in Feeder Operations

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October 12, 2018 Ocean Network Express and Hapag-Lloyd have concluded a Bilateral Strategic Feeder Network Cooperation Agreement, which has already started on the first trades. The collaboration, which aims to provide the market with a superior feeder network, would see the parties share space on their feeder services. Ocean Network Express and Hapag-Lloyd have already […]

CMA CGM’s Final 20,600 TEU Behemoth Delivered

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October 12, 2018 CMA CGM Louis Bleriot, the third and final 20,600 TEU class containership ordered in 2015 from Hanjin Heavy Industries & Construction – Philippines (HHIC-Phil Inc.), has been delivered to its owner CMA CGM. The ship was named after Louis Charles Joseph Blériot, a French aviator, inventor and engineer. Its two predecessors, CMA […]

H-Line Splashes USD 124 Mn on LNG-Powered Bulker Pair

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October 12, 2018 South Korean shipping line H-Line is using USD 124 million of freshly attained funds to construct two bulkers powered by liquefied natural gas. The two 180,000 ton ships have been ordered from compatriot shipbuilder Hyundai Samho Heavy Industries, South Korean Ministry of Oceans and Fisheries informed earlier today. The duo is intended […]

Panama Canal Sets Record Cargo Volume for FY 2018

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October 12, 2018 The Panama Canal closed its 2018 fiscal year with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), representing a 9.5 percent increase from the previous year. With this number, the Panama Canal surpasses the cargo projections of 429.4 million PC/UMS tons for FY 2018, as well as the 403.8 million […]