Stainless Tankers readies double sale
Stainless Tankers of Norway has moved to offload two of its nine vessels. The Oslo-listed outfit backed by UK-based Tufton Investment Management is selling the 2005-built J19 stainless steel units Monax and Marmotas – the oldest in its fleet. Both ships, currently estimated by VesselsValue at about $33.7m in total, were acquired a year ago […]
Noble bags UK semisub extension from Shell
Noble Corporation has secured a two-well extension from UK supermajor Shell for the semisub Ocean Endeavor in the UK North Sea. The contract at an undisclosed dayrate will keep the unit fixed until June 2025 or approximately 130 days, and includes options for two more wells. The 1976-built Ocean Endeavor has worked for Shell on […]
Seaway 7 wins cabling work on East Anglia Two offshore wind farm
Seaway 7, the renewables unit of Oslo-listed Subsea 7, has won a contract from ScottishPower Renewables for the transport and installation of the inter-array cables of the East Anglia Two offshore wind project. ScottishPower Renewables’ £4bn ($5.16bn) East Anglia Two offshore wind farm will be located around 33 km from the east coast of England […]
Höegh Evi moves to develop French hydrogen import terminal
Norway’s Höegh Evi, formerly known as Höegh LNG, has signed a memorandum of understanding with the port of Port-La Nouvelle to develop a floating hydrogen import terminal targeting up to 210,000 tonnes of volumes annually from producers in the Middle East, North Africa and the Americas by 2030. In collaboration with European projects such as […]
Broader business strategy fuels Cargojet’s growth
Cargojet’s co-chief executive Jamie Porteous discusses how the airline is expanding thanks to new charter business, alongside ACMI and fleet investment. With new business under its belt and good prospects for 2025, Cargojet continues to expand its fleet in the coming year. Two Boeing 767-300s that were recently acquired are going to be turned into […]
Scaling up open source software
Collaborative open source implementation is key for future air cargo data sharing, says the Open Logistics Foundation and IATA. The Open Logistics Foundation, a European organisation that focuses on developing open-source solutions, and trade association, IATA are cooperating to advance digitalisation in airfreight with the NE:ONE server project. The open source software NE:ONE, developed with […]
A tale of two airports
In one week, two UK airports have made announcements about their airfreight plans. And the two outcomes will have significantly different impacts on the way consignments will move across our skies. Manchester Airports Group (MAG) have announced a £1.1bn investment to expand London Stansted Airport, but made no reference to expanding freight services at its […]
Putzger perspective: No freighters to the rescue
The gap between demand and capacity growth is widening as supply chain issues continue and newbuild freighters become more elusive. Companies that are looking to get hold of widebody freighters have been faced for some time with a dearth of options. This got worse in mid-October, when Boeing announced the latest fall-out from its ongoing problems […]
Freight forwarders face complex challenges
As we close out 2024, it’s clear that freight forwarding in the US is navigating a complex web of challenges and opportunities. From labour disputes to natural disasters and tightening regulatory frameworks, the air cargo and logistics sector continues to be at the forefront of US economic resilience. Members of the Airforwarders Association have witnessed […]
Top 20 cargo airports: Hong Kong retains top spot
Airport Council International (ACI) World’s latest annual dataset indicates an overall decline in air cargo traffic for 2023, while cargo traffic remains concentrated in the world’s main hub airports (see the top 20 table at the end of the article). Global air cargo volumes are estimated to have decreased by 1.8% year over year in […]