Saltchuk

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/

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