Archive

Korean Air very likely to order more Boeing 787 widebody jets

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October 19, 2018 Korean Air Lines Co Ltd is very likely to order more Boeing Co  787 widebody jets to mainly replace its existing aircraft, as it seeks to streamline its fleet and reduce costs, its president said on Friday. “We have too many fleet types now. Consolidating in one large order will help reduce […]

Asia air cargo market gets e-commerce boost as trade war yet to bite

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October 19, 2018 Strong e-commerce demand is fueling Asia’s air freight market, with the U.S.-China trade war having minimal negative impact so far and in some cases even boosting shipments, industry executives said on Friday. E-commerce is growing at pace in populous Asia, driven by Chinese behemoth Alibaba Group Holding Ltd and rival JD.com Inc, as […]

Thai Airways looks at A350, 777X for fleet renewal

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October 19, 2018 Thai Airways International PCL is considering the purchase of Airbus SE A350s or Boeing Co (BA.N) 777X jets as part of a plan to renew its widebody fleet, a senior executive said on Friday. The airline submitted a plan to its government to buy 23 jets worth 100 billion baht ($3.07 billion) […]

NYK Develops Onboard Sulfur-In-Oil Analyzer

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October 19, 2018 NYK and Nippon Yuka Kogyo, an NYK Group company, have collaborated with Horiba on developing a new sulfur-in-oil analyzer for ships. By using the new analyzer, NYK will be able to comply with regulations limiting sulfur oxides (SOx) from vessels, as well as optimize the company’s use of low-sulfur fuel oil, the […]

Eastern Pacific Shipping Books 7 More Ultra-Large Boxships

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October 19, 2018 Singapore’s Eastern Pacific Shipping has been linked to an order for seven ultra large containerships at Hyundai Samho Heavy Industries. The seven newbuildings, featuring 15,000 TEU each, are slated for delivery between 2019 and 2022, data from Asiasis shows. The latest order brings the company’s ULCV orderbook at the South Korean yard […]

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, […]