PayCargo Capital, a sister company of online payment platform PayCargo, has seen a rise in demand for its short-term credit facility during the COVID-19 pandemic. Transportation companies and cargo owners who are customers of PayCargo in North America can apply for credit of between $25,000 to $2,500,000 for a 15 to 30-day period. “The relevancy […]
IAG Cargo today announced its Q1 2020 results, reporting commercial revenues of €246m over the period from January 1 to March 31, 2020, a decrease of 11.6% on the same period in 2019 at constant currency. Overall yield for the quarter was up 4.8% when compared to the same time last year at constant currency. […]
The nearly-finished tanker Irma Dulce partially sank at her berth at the Estaleiro Mauá shipyard in Rio de Janiero this week, according to the Brazilian Navy’s 1st Naval District. The command received a report of the incident early Tuesday morning. According to the report, the vessel suffered water ingress in a machinery compartment at the stern […]
The National Transportation Safety Board (NTSB) has released a Marine Accident Brief about an accident that occurred on April 15, 2019, involving the towing vessel DeJeanne Maria which struck the end of a submerged dredge pipeline while pushing two spud barges to the Gulf of Mexico. The incident occurred on the Mississippi River in Pass […]
The International Association of Classification Societies (IACS) has released its 2019 IACS Annual Review. The review contains a wide-range of articles of IACS work in 2019 including wave-modelling, non-destructive weld testing and container ship fires as well as commentary on decarbonization, ballast water compliance and cyber safety. There are also updates on IACS’ contributions […]
T&T Salvage has installed the eighth lifting lug on the Golden Ray wreck in St. Simons Sound, Georgia. In total, 16 lugs are scheduled to be installed with two lugs installed on each of the eight sections of the car carrier. The lifting lugs will be used as a connection point between the rigging of […]
The IMO has issued a 12-step plan to assist governments enact coordinated procedures for the safe movement of seafarers. The aim is to provide its 174 member states with a roadmap to free seafarers from their Covid-19 lockdown and allow appropriate exemptions for them to crew change. The 55-page roadmap has been advanced by a […]
Network Airline Management and TAAG Angola Airlines are pleased to announce the renewal of their long-term freighter aircraft contract by an additional 12 months, sealing an ongoing partnership for the foreseeable future. Operating a regular weekly scheduled service from Liege, Belgium, to the capital of Angola, Luanda, Network Airline Management provides a Boeing 747-400F aircraft […]
The U-Freight Group (UFL), with its considerable involvement in eCommerce logistics, says that the latest statistics showing that global e-commerce sales hit $25.6 trillion in 2018 are a further vindication of its decision to enter this sector of the international freight market several years ago. The latest available estimates, up 8% from 2017, were recently […]
Tigers has launched a new dedicated Personal Protective Equipment (PPE) section on its eShop, powered by its freight portal SmartHub:Connect. The global logistics and transportation company has also released new software updates for SmartHub:Connect, giving customers shortcuts to buy and process documentation for the shipment of PPE. Tigers is also managing the door-to-door transport of […]
With close to 100 daily cargo flights operated to a destination network spanning more than 65 cities across six continents, Emirates SkyCargo is delivering essential supplies and commodities to people around the world. The air cargo carrier is currently operating 11 Boeing 777 freighter aircraft, each with a capacity to transport about 100 tonnes of […]
Virgin Atlantic has announced plans to reshape and resize its business to ensure that it is fit for the future, in response to the severe impact of the Covid-19 pandemic on the global economy and the travel and aviation industry. Accordingly, the airline has taken decisive action to reduce costs, preserve cash and to protect […]
