Cargo Capacity

Greek & Chinese Shipping Giants Dominating 34% Of Global Cargo Fleet Capacity

The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships owned by Greek and Chinese shipping companies contribute 34% of the total fleet’s deadweight tonne capacity, says an article published on bimco website.

Greek Shipping Industry
  1. Prominence: Greece is recognized as the leading shipping nation globally, maintaining its status over time.
  2. Fleet Size: Greek shipowners control 19% of the world’s cargo-carrying...

https://mfame.guru/greek-chinese-shipping-giants-dominating-34-of-global-cargo-fleet-capacity/

Subcontinent’s Port Cargo Capacity Doubles in 9 years

Credits: Chuttersnap/Unsplash

Cargo capacity at ports doubles in 9 years: Minister Sonowal, according to a Fortune India news source.

India’s twelve major ports

India’s twelve major ports are handling 1,681 million metric tonnes cargo from 821 million metric tonnes in the last nine years, says the minister.

Union minister of ports shipping and waterways Sarbananda Sonowal on Monday said cargo handling at major ports has doubled to 1,681 million metric tonnes from 821 million metric tonnes in the...

https://mfame.guru/subcontinents-port-cargo-capacity-doubles-in-9-years/

Cathay Pacific freighters make comeback, but cargo volume still lags

A white jumbo jet with teal tail and Cathay Pacific Cargo logo lifts off runway.

With a full freighter schedule in place this month for the first time since the start of COVID-19 and the reintroduction of more passenger service as Hong Kong gradually reduces travel restrictions, Cathay Pacific will be at 65% of its pre-pandemic cargo capacity by the end of the year, the airline’s chief customer and commercial officer predicted.

That’s good news for companies shipping by air in a region where transport supply is continuing to improve with the reopening of China but can still...

https://www.freightwaves.com/news/cathay-pacific-freighters-make-comeback-but-cargo-still-lags

Delayed return of United Airlines’ 777s keeps lid on cargo capacity

A white United Airlines 777 plane in front of a maintenance hanger with carts around it. The 777s have been out of service for more than a year to resolve a safety issue with the engines.

Cargo owners will have to wait at least a month longer to access additional airlift through United Airlines because the carrier is postponing the reintroduction of 52 Boeing 777s that were grounded after one suffered an uncontained engine failure a year ago.

United had planned to bring some of the planes back to service this month, but pushed back their return until mid-May, CNBC reported. 

The delay is a setback as the airline gears up for the busy summer season in anticipation that...

https://www.freightwaves.com/news/delayed-return-of-united-airlines-777s-keeps-lid-on-cargo-capacity

Antonov Airlines flying some An-124s, other freighters trapped in Ukraine

A massive freighter with a big rear and front door open, view from rear.

Ukraine is home to several all-cargo airlines that operate unique Soviet-era freighters. 

Antonov Airlines, the largest and most internationally known of the carriers, is still operating some of its super-jumbo An-124 cargo jets, but others in the fleet remain stranded at the Hostomel Airport near Kyiv, according to aircraft tracking site Flightradar24.com. Constanta Airlines, another cargo airline, is partially functioning with aircraft it has outside of Ukraine.

The inability of any Ukrainian...

https://www.freightwaves.com/news/antonov-airlines-flying-some-an-124-freighters-others-trapped-in-ukraine

Workhorse reviews electric van designs, distances itself from Lordstown Motors

Workhorse Group delivered 14 electric delivery vans to customers in the second quarter but it is going back to the drawing board to figure out how to add more cargo capacity before it resumes ramping up production.

In many ways, the Workhorse (NASDAQ: WKHS) earnings report for the April to June period resembled previous quarters — a tale of delays and supplier issues.

After ousting CEO Duane Hughes in favor of former Delphi Technologies CEO Rick Dauch, the Cincinnati-based company said it is...

https://www.freightwaves.com/news/workhorse-reviews-electric-van-designs-distances-itself-from-lordstown-motors

Seanergy Maritime Announces Capesize Duo Acquisition

Seanergy Maritime Holdings Corp. has entered into agreements with unaffiliated third parties to purchase two Capesize vessels, says a press release published on their website.

The new acquisition

Glyfada, Greece, headquartered Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) reports that it has entered into agreements with unaffiliated third parties that will see it pay a total of about $55 million to purchase two Capesize vessels, one built in 2013, the other in 2010.

The agreement

Seanergy...

https://mfame.guru/seanergy-maritime-announces-capesize-duo-acquisition/