Saltchuk

Aloha Air Cargo to cease Los Angeles-Honolulu freighter service

Aloha Air Cargo has decided to close its Los Angeles-Honolulu lane, effective June 1, because of weak demand, FreightWaves has learned.

The route is marketed by Aloha, which signs customers and accepts bookings, but sister airline Northern Air Cargo flies a Boeing 767 for Aloha on a charter basis. Aloha operates the route five days a week.

Both companies are subsidiaries of Saltchuk Resources, a diversified freight transportation, logistics and energy distribution holding company based in...

https://www.freightwaves.com/news/aloha-air-cargo-to-cease-los-angeles-honolulu-freighter-service

Cargo airline sends new Boeing 767 freighters directly to storage

The company behind Northern Air Cargo has taken delivery of two widebody freighter aircraft this year and immediately placed them in storage because there isn’t enough business to operate them profitably despite the improved outlook for the global airfreight market, FreightWaves has learned.

The decision represents the latest case of an all-cargo airline throttling back on fleet expansion plans made during the COVID crisis when a shortfall in shipping capacity sent rates through the roof and...

https://www.freightwaves.com/news/cargo-airline-sends-new-boeing-767-freighters-directly-to-storage

OSG’s Sam Norton: “We’ve stuck the landing!”

”It would be appropriate to state that we have ‘stuck the landing’ with our fourth quarter performance,” said Sam Norton, president and CEO of Tampa, Fla., headquartered Overseas Shipholding Group, Inc. (NYSE: OSG) as the company reported results for the fourth quarter and full year 2023.

Highlights included:

  • 2023 net income was $62.5 million, or $0.77 per diluted share, compared to net income of $26.6 million, or $0.29 per diluted share, in 2022. Net income for the fourth quarter of 2023 was...

https://www.marinelog.com/legal/shipping/osgs-sam-norton-weve-stuck-the-landing/

Aloha Air Cargo pide al Departamento de Transportes que elimine las trabas reglamentarias a su expansión 

Aloha Air Cargo está instando al Departamento de Transporte de EE.UU. a levantar un límite en el número de aviones que puede operar en el servicio entre las islas de Hawai, que afirma está inhibiendo su capacidad para crecer y ayudar al Servicio Postal de EE.UU. a superar los retrasos en la entrega de correo. 

La elevada demanda de correo supera la capacidad actual de Aloha Air, lo que provoca retrasos en el tránsito. El Servicio Postal ha pedido a Aloha Air Cargo que empiece a transportar...

https://www.freightwaves.com/news/aloha-air-cargo-pide-al-departamento-de-transportes-que-elimine-las-trabas-reglamentarias-a-su-expansion

Aloha Air Cargo asks DOT to remove regulatory handcuffs on expansion

Aloha Air Cargo is urging the U.S. Department of Transportation to lift a cap on the number of aircraft it can operate in inter-island Hawaii service, which it claims is inhibiting its ability to grow and help the U.S. Postal Service overcome mail delivery backlogs.

High mail demand exceeds Aloha Air’s current capacity, resulting in transit delays. The Postal Service has asked Aloha Air Cargo to begin transporting mail from Honolulu to both Maui and Hilo and could be forced to use slower boats...

https://www.freightwaves.com/news/dot-air-cargo-limit-forces-postal-service-to-use-boats-in-hawaii

Cargolux to replace aging 747 freighters with next-gen Boeing 777-8

A white Cargolux jumbo jet with red tail prepares to take off. View from the rear.

Luxembourg-based Cargolux has tentatively selected Boeing’s next-generation 777-8 freighter over the new Airbus A350 to replace its large fleet of 747-400 jumbo cargo jets, the companies announced Thursday at the Farnborough International Airshow near London.

Boeing also said it landed an order from Saltchuk Aviation, the parent company of Aloha Air Cargo, Northern Air Cargo and StratAir, to convert three more used 767-300 passenger jets into main-deck freighters.

Cargolux is the largest operator...

https://www.freightwaves.com/news/cargolux-to-replace-aging-747-400-freighters-with-next-gen-boeing-777-8

Saltchuk Holdings makes offer for OSG

Jones Act tanker and ATB operator Overseas Shipholding Group, Inc. (NYSE: OSG), said today that, “following receipt by the company of a non-binding indication of interest to acquire all of the issued and outstanding shares of common stock of the company for a price of $3.00 per share, OSG’s Board of Directors has commenced a strategic process to explore, review and evaluate a range of strategic alternatives available to the Company to enhance shareholder value, including the non-binding...

https://www.marinelog.com/shipping/saltchuk-holdings-eyes-osg-acquisition/

Hawaii’s Young Brothers seeks rate increase to stay afloat

Young Brothers said it needs to dramatically increase its shipping rates this summer if it is going to break even financially and keep its services operating through year’s end.

Hawaii’s sole inter-island ocean carrier, which is regulated by the state’s Public Utilities Commission (PUC), said the coronavirus pandemic is already expected to leave it with a loss of $30 million by the end of 2020 at current rate levels.

Even before the state implemented its COVID-19 travel restrictions earlier this...

https://s29755.pcdn.co/news/hawaiis-young-brothers-seeks-rate-increase-to-stay-afloat

COVID-19 threatens Hawaii’s sole interisland ocean transportation provider

Young Brothers said it needs $25 million in federal financial assistance immediately, or it will be forced to scale back its ocean transportation services among the Hawaiian Islands.

Hawaii’s sole interisland ocean carrier, which is regulated by the state’s Public Utilities Commission (PUC), said the coronavirus pandemic is expected to leave it with a loss of $25 million by year’s end and it has asked state regulators for an equivalent amount in CARES Act funding by Monday to sustain operations...

https://www.freightwaves.com/news/covid-19-threatens-hawaiis-sole-interisland-ocean-transportation-provider

ASD-90 tug joins Foss Maritime fleet in Long Beach

The Jamie Ann, the first of four new ASD-90 tugs constructed by Nichols Brothers Boat Builders for the Saltchuk group of companies, arrived Saturday in her new homeport of Long Beach, Calif.

With her 6,866 horsepower and 90 ton bollard pull, the Jamie Ann is powerful enough to escort the largest tankers and containerships calling U.S. West Coast ports, and will serve Foss Maritime customers in the Ports of LA/Long Beach area.

The tug meets the most stringent emission standards. Her two MTU Tier 4...

https://www.marinelog.com/coastal/tugs-barges/asd-90-tug-joins-foss-maritime-fleet-in-long-beach/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.