Reprinted from Hellenic Shipping News, 03/16/2015 Weak voyage numbers on trans-Atlantic coal routes mean that some Panamax owners are choosing to idle vessels for a few days rather than accept current levels, sources said. Trans-Atlantic voyages from the US East Coast to the UK Continent have been very weak compared with 2014 levels and the […]
Reprinted from Air Cargo News, 03/16/2015 Lufthansa Cargo increased its 2014 operating profit by 26.6 per cent to €100m, despite group-wide pilot strikes and a fall in airfreight revenues and tonnages. Full year revenues at the German flag carrier’s freight arm edged down 0.3 per cent versus 2013 to €2.4bn. Total volumes fell 2.7 per […]
Reprinted from Air Cargo News, 03/16/2015 Cargolux has taken delivery of its 12th Boeing 747-8 freighter, out of an order of 14. The Luxembourg-based all-cargo airline named its latest freighter Joe Sutter – Father of the 747, in honour of the man who designed the B747 in the 1960s. The naming honour came as a […]
Reprinted from The Maritime Executive, November 13, 2014 Venezuelan oil ports are overwhelmed as they struggle to load and unload cargoes on time. PDVSA is offering to buy up to 2.4 million barrels of gasoline and ultra low-sulfer. The new offers combined with ten oil and fuel orders from October are causing the traffic at […]
Reprinted from Maritime Executive Why hasn’t the Pilots Association been consulted regarding safety in the new canal? Captain Rainiero Salas, president of the Panama Canal Pilots Association (PCP), said that his organization has not once been contacted by the Panama Canal Authority (ACP) concerning ship operations in the new canal. The PCP was formed in […]
Reprinted from The Maritime Executive, December 15th, 2014 The oil price drop will hand tanker markets an unexpected bonus next year, boosting demand for oil storage at sea while distant eastern markets also bargain-hunt fuel and need shipping. Supertanker rates are already close to five-year highs of over $83,000 a day – helped by a […]
