Alberta Shipmanagement conjures up sizeable profit with sale of Panoramix newcastlemax
The initial sales reported in the dry bulk sector in 2025 show some price resiliency against what remains a depressed rates environment. Nicholas Inglessis-led Alberta Shipmanagement has conjured up a significant profit with the sale of the 300 m long Panoramix newcastlemax. Alberta Shipmanagement sold the 2007-built, 203,000 dwt ship, named after the druid character […]
PaxOcean bags up to four OCV newbuilds
Kuok Maritime Group’s PaxOcean has revealed an order for up to four offshore construction vessels (OCVs) from an unnamed “renowned European shipowner”. The Singapore-headquartered shipyard group said the deal with an undisclosed value covers two firm newbuilds for delivery in 2027 and an option for two additional vessels. The 123-m-long vessels, designed by Norway’s Salt […]
Jana Marine orders more accommodation jackups in China
Saudi Arabia’s Jana Marine Services has returned to CSSC Wuhan Marine Machinery Plant for a pair of new accommodation jackup vessels. The newbuilds will comply with the relevant management system and design and construction standards of Saudi Aramco for operations in the Persian Gulf after completion. Jana Marine had earlier placed orders for multiple living […]
Pierre Aury’s guide to volatility and shipping
Our columnist returns to a favourite topic. Recently we visited the subject of volatility of the dry bulk spot market concluding that it was exhibiting a very high level of volatility. The format of the column did not give us a chance to elaborate on the fact that although a majority of people make a […]
New website for Air Cargo News!
Air Cargo News is heading to a brand-new website from Wednesday January 8! This is an opportunity for us to deliver the same quality air cargo news and insights on a modern platform that focuses on optimising usability, as well as design. While we anticipate a smooth transition from our current website to our new […]
Mexico’s new tariff announcements to put pressure ‘border skipping’
Companies looking to import goods to North America through Mexico are facing rising costs after the Latin American country announced plans to hike tariffs on apparel imports. On December 19, a presidential decree announced that tariffs for textiles imported into Mexico will increase to 15% and up to 35% for finished apparel products until April […]
Tam becomes GSSA for China Cargo Airlines in the Philippines
Hong Kong-headquartered Tam Group has been appointed as the General Sales and Service Agent (GSSA) for China Cargo Airlines in the Philippines. The partnership officially commenced on January 1 and follows Tam Group’s appointment as GSSA for China Cargo Airlines in Malaysia and Vietnam. Alvin Tam, senior vice president of Tam Group, stated: “We are […]
Seacon agrees sale and leaseback for bulker newbuild
China’s Seacon Shipping has secured financing for one of its handysize bulk carriers under construction in Japan. The Hong Kong-listed company said in a filing it had agreed to a $31.38m sale and leaseback deal for a 40,000 dwt bulker with Panama-incorporated Dawn Shipping and its Japan-based parent, whose ultimate beneficial owner is Kohei Kondo. […]
Maersk Air Cargo begins Billund-Zhengzhou airfreight route
Maersk Air Cargo has begun operating a new airfreight route between its Billund Airport hub in Denmark and Zhengzhou Xinzheng International Airport in China. The first flight arrived at Zhengzhou from Billund on Friday January 3. After loading cargo, it then returned to Billund, said Xinhua, China’s state press agency. Maersk will reportedly use Boeing […]
November demand up 10.5% for Asia Pacific airlines
International air cargo demand for Asia Pacific airlines in November was up 10.5% year on year, supported by continued e-commerce business, maritime disruption and the front-loading of export orders ahead of anticipated US tariff hikes. Preliminary November traffic figures released by the Association of Asia Pacific Airlines (AAPA) show that international air cargo demand, measured […]