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Atlanta Tops List Of World's Busiest Airports With 104 Million Passengers

Atlanta Tops List Of World's Busiest Airports With 104 Million Passengers

Waited in a line at the airport lately? Whether one waits at the ticket counter, the security screening station or the toilet, airports seem jam-packed.

Encouraging News For Airbus A380 As Hi Fly Buys Used Superjumbo

Encouraging News For Airbus A380 As Hi Fly Buys Used Superjumbo

The lifespan of today’s queen of the skies, the 555-passenger Airbus A380, has been threatened by many factors, including its price (about $470 million new), cost of operation, poor fuel economy, size and weight and lack of North American airline customers. Although the plane is well-thought of by passengers and operating airlines, the trend has been towards fuel-efficient wide-bodied twin jets, such as the Boeing 787 Dreamliner (with issues of its own) and Airbus’ own A350.

Seaspan Nabs USD 120 Mn for GCI Newbuild Duo

The newbuildings are set for delivery in the second quarter of this year and are part of the 18-strong fleet of Greater China Intermodal Investments LLC (GCI), which was acquired by Seaspan in the first quarter of this year.

The 18 containerships are comprised of 10,000 TEU and 14,000 TEU eco-class vessels, representing a total of 204,000 TEU.

DIS CEO Upbeat on Market Recovery despite Q1 Loss

DIS CEO Upbeat on Market Recovery despite Q1 Loss

Specifically, the company posted a net loss of USD 3.6 million, reversing from a profit of USD 1.8 million booked in the first quarter of 2017.

However, Marco Fiori, Chief Executive Officer of DIS, is far from discouraged.

“I do think all the macro variables are pointing towards a market rebound, and I think it is now only a matter of timing. Demand for seaborne transportation of refined products is expected to grow strongly in the next years, also on the back of the estimated increase in global economic activity,” he explained.

Furthermore, a significant share of the new world refining capacity is planned in the Middle East, away from some of the key areas of demand, driving the ton-mile demand for product tankers.

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