Qantas eyes larger Airbus A350 jet for Sydney-London flights

Posted By Tony Sanchez / Airlines, Uncategorized / 0 Comments

August 7, 2018 Australia’s Qantas Airways Ltd is considering a larger version of the Airbus SE A350 as the European jetmaker and Boeing Co vie to connect Sydney and London in a non-stop 20-hour flight by 2022, the airline’s CEO said The airline’s selection process for what would be the world’s longest commercial flight has […]

Nigeria Suspends Maersk Line, Cosco Shipping Services

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July 20, 2018 The Nigerian Ports Authority (NPA) has suspended the shipping services of Maersk Line, Cosco Shipping and two other shipping firms for ten days, effective from July 14. Namely, the Danish and Chinese shipping giants, along with APS and Lansal, were served the suspension after an investigation by NPA showed that the companies failed to comply […]

IATA: Demand continues to grow despite threat of trade wars

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

July 4, 2018 Airfreight has continued to grow in May at a reasonable rate with freight tonne kilometres increasing by 4.2 per cent, the International Air Transport Association (IATA) reports. Demand was down from 5.2 per cent recorded in April (revised from 4.1 per cent), and the association says growth is likely to continue at […]

G E Shipping to Sell Supramax Bulker

Posted By Tony Sanchez / Cargo Sea Line, Uncategorized / 0 Comments

June 13, 2018 India’s Great Eastern Shipping Company Limited (G E Shipping) has inked an agreement to dispose of its Supramax bulker Jag Ratan. The 52,179 dwt vessel will be delivered to an undisclosed new buyer in H1 FY 2018-19, according to the company. Built at South Korean Daedong shipyard in 2001, the ship has a […]

MISC Net Profit Halved in Q1

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May 14, 2018 Malaysian shipping group MISC Berhad ended the first quarter of the calendar year 2018 with its net profit slashed by more than 50 percent. The company posted a net income of RM 310.6 million (USD 78.6 million) in Q1 2018, a decrease of 54 percent when compared to RM 676.2 million (USD 171.1 million) […]

Posted By Tony Sanchez / Uncategorized / 0 Comments

April 24, 2018 Profits at Kuehne + Nagel have grown at double digit rates with airfreight volumes increasing by more than 20 per cent helped by strategic acquisitions. Earnings for the period increased by 11.5 per cent from 165 million Swiss francs (CHF) in the first quarter of 2017 to CHF 184 million ($188 million), […]

Eighth FSRU for Höegh LNG

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April 5, 2018 Höegh LNG Holdings today took delivery of Höegh Esperanza, its eighth floating storage and regasification unit (FSRU). The 170 000 cbm FSRU has been constructed at Hyundai Heavy Industries (HHI) in South Korea and is designed for open, combined and closed loop regasification operation. “Höegh LNG is currently in advanced negotiations for […]

Two More CarVal Capesizes Join GoodBulk

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February 22, 2018 Owner and operator of dry bulkers GoodBulk has added two more Capesize ships, which were earlier acquired from funds managed by CarVal Investors. The company took delivery of the 2010-built Aquataine on February 20, 2018. The ship is the fifth to deliver of the seven initial Capesizes acquired from CarVal in late October 2017. […]

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February 19, 2018 Asia’s icy winter just spawned Europe’s strongest jet fuel market in over three years. The fuel’s premium to diesel, the most-watched measure of market strength, jumped to $2.59 a barrel in Europe on Friday, the highest since December 2014. Freezing weather in Asia is drawing cargoes of kerosene, which is almost identical […]

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 16, 2018 Owner and operator of natural gas carriers Dynagas LNG Partners LP has decided to extend the deadline for exercising the purchase options relating to two LNG carriers from its parent Dynagas Ltd. The two ships are Clean Horizon and the Clean Vision, the purchase of which was set for July 2017 and January 2018, respectively. Dynagas […]