In this issue we have stories on two very interesting developments – one that comes as little surprise and the other quite unexpected. I am of course speaking of the news that Malaysia Airlines (MAS) will be delisted from the country’s stock exchange and undergo what is said to be a massive overhaul and the other news from neighbouring Thailand where the military junta has declared Thai Airways (THAI) is to undergo a similarly substantial restructuring. Certainly both are in … [Read more...] about The pain of restructuring
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Let’s call the whole thing off. You say
‘tomaeto’, I say ‘tomahto’, you say ‘potaeto’, I say ‘potahto’. You say color, I say colour. You say tons, I say tonnes. Where are we going with this you ask? Well, if one our Belly Ache colleagues had his way, this page would be a nasty diatribe about all that is wrong with the good ole’ US of A – inspired of course, not by yet another school shooting or geopolitical misadventure somewhere in the world, but rather, as a result of the … [Read more...] about Let’s call the whole thing off. You say
Releasing United Cargo’s untapped potential
After a combined 27 years at AFKLM- Martinair, which is now in the throws of deciding what to do with its maindeck business, Jan Krems may be counting his blessings that he made leap across the ‘pond’ from the Franco-Dutch carrier to the recently merged American giant. But aside from the potentially shrinking proportions of his former carrier, it was a very logical move for both Krems and United. With the top cargo job at United rather unexpectantly vacated by Robbie Anderson who had … [Read more...] about Releasing United Cargo’s untapped potential
Reefer capacity expected to increase 22% by 2019
Reefer capacity on the containership fleet is expected to increase by 22 per cent over the next five years, at the expense of a declining specialised reefer fleet, according to Drewry's latest Reefer Shipping Market Annual Review & Forecast. Reefer box capacity is expected to grow from 1.6 million 40ft slots in 2013 to 1.9 million slots in 2018. However, this fleet growth is not expected to adversely impact vessel utilisation levels thanks to strong cargo … [Read more...] about Reefer capacity expected to increase 22% by 2019
Textainer results reveal shipping is enjoying best peak season since 2010
Textainer, a global lessor of freight containers, increased its fleet size year-on-year by seven per cent at the end of the second quarter to 3.1m teu, and saw utilisation level increase by two percentage points to 95.6 per cent. With equipment demand continuing strongly into the peak season, Textainer’s interim report is a useful barometer of the underlying state of health of the container industry. Textainer president and chief executive officer Phillip Brewer said the firm had seen a … [Read more...] about Textainer results reveal shipping is enjoying best peak season since 2010
Jettainer marks 10th anniv with keen optimism
From just nine staff ten years ago, the Lufthansa Group company, has grown to 60 employees, handling the business of managing ULD fleets for 14 major airline customers – including industry leaders like Etihad and the Lufthansa Group – comprising an inventory of over 85,000 units. “We are experiencing a strong and healthy growth which we want to continue in the coming years,” says Carsten Hernig, who has been managing director of Jettainer since early this year. “The … [Read more...] about Jettainer marks 10th anniv with keen optimism
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