Archive

Carrier to deliver 5,000 new reefers for MSC

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 24, 2018 Through Seacube Containers MSC is leasing 5,000 new reefers with Carrier Transicold’s PrimeLINE machinery and its XtendFRESH controlled atmosphere system. The order is another big contract with MSC for Seacube Containers and Carrier Transicold, following an earlier deal covering 2,000 reefers with Carrier’s NaturaLINE machinery that uses the natural refrigerant CO2. The […]

HMM to Sell USD 883 Mn of Bonds to KDB

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 24, 2018 South Korean shipping major Hyundai Merchant Marine (HMM) has unveiled its plans to sell up to KRW 1 trillion (USD 883.8 million) of bonds. The company’s biggest shareholder, the state-owned Korea Development Bank (KDB), is set to take over the entire offering, which includes KRW 400 billion of convertible notes and KRW 600 […]

BW Green Carriers Takes World Fuel Services to Court over Contaminated Fuels

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October 24, 2018 Norway’s gas transportation company BW Green Carriers AS, part of BW Group, is taking Miami-based bunker supplier World Fuel Services Inc to court over contaminated bunkers. The company filed a complaint at Florida Southern District Court on October 19, 2018, seeking compensation for damages caused by contaminated bunkers to two of its […]

Many private investors will be involved in Alitalia relaunch

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October 23, 2018 Many private investors are interested in Alitalia and will take part in a relaunch of the airline which will be spearheaded by the state-controlled rail company, Deputy Prime Minister Luigi Di Maio said on Tuesday. Alitalia was put under special administration last year and Rome has since been looking for a buyer. […]

Yusen to provide warehouse services for Jurox

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October 23, 2018 Yusen Logistics UK has been awarded the national warehousing and final mile distribution contract for animal healthcare specialist Jurox. The Australian animal pharmaceutical manufacturer has selected Yusen to handle its entire UK portfolio, and will now handle all of Jurox’s international cross border airfreight. Jurox is a growing player within the animal […]

IEA: More LNG Carrier Orders Needed to Keep Market Balance

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October 23, 2018 Lack of timely investment in the LNG carrier fleet could pose a threat to market development and security of supply, which could materialize even earlier than the risk of insufficient liquefaction capacity, according to the International Energy Agency (IEA). LNG carriers are expensive vessels compared to other classes of commercial ships, due to […]

Dubai’s Al Maktoum airport expansion delayed until 2030

Posted By Tony Sanchez / Uncategorized / 0 Comments

October 19, 2018 A major expansion of Dubai’s second airport Al Maktoum International will open in 2030, the emirate’s government said, five years later than officials had previously indicated. The airport will be able to handle 130 million passengers a year when the first phase of a planned expansion opens in 2030, and ultimately more […]

Norwegian Air to cut annual CO2 emissions by 16,000 tonnes per year

Posted By Tony Sanchez / Airlines, environment, Uncategorized / 0 Comments

October 19, 2018 Norwegian Air will adopt new technologies from Sweden’s Avtech which will cut CO2 emissions by 16,000 tonnes per year – or a reduction of 5,000 tonnes of fuel, the budget airliner said in a press release on Friday. One ton of jet fuel currently costs about $750 per tonnes Source: (Forwarderlist.com)

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

Posted By Tony Sanchez / Uncategorized / 0 Comments

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 […]