Cargo Shipping

Dry bulk Atlantic: Weak freight rates lead shipowners to idle vessels

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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 […]

Airfreight Shipping Services 2

Lufthansa Cargo’s 2014 operating profits up 26.6%

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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 […]

Airfreight Shipping Services Worldwide

Cargolux welcomes 12th B747-8F

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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 […]