Baltic Exchange weekly market report
THE BALTIC Dry Index ended on 602 on Friday (10 February), down from 621 a week earlier. The sharp decline that started in late December appears to be softening. The Baltic Dry...
ICS Silver Spirit heads to Albany for urgent engine repairs
THE AUSTRALIAN Maritime Safety Authority has issued a legal direction to the Port of Albany to allow the ICS Silver Spirit to enter the port for repairs. ICS Silver Spirit is a...
Hapag-Lloyd and TotalEnergies complete milestone biofuel bunker
TOTALENERGIES Marine Fuels has refuelled Hapag-Lloyd containership Afif with a UCOME-based marine biofuel – a first for the bunkering business. The 15,000 TEU vessel took on 2000...
Maersk reports colossal 2022 profits and a big decrease in 2023
MAERSK expects the global ocean container market to decrease by up to 2.5% in 2023, according to its financial report for 2022. The company expects its underlying EBITDA for 2023...
Ports Australia chair and deputy re-appointed
FLINDERS Port Holdings chief executive Stewart Lammin has been re-appointed to the role of chair of Ports Australia for the next two years, where he will serve his second term. Mr...
NZ containerised freight manager commits to Timaru
KOTAHI has committed to more export cargo volume in an agreement with Timaru Container Terminal. The agreement runs to 2030, and the company said it would deliver confidence in...
Swire Shipping introduces new service to Pacific Islands
SWIRE Shipping has introduced the Pacific Weekly Express (PWX) service. The company said it is a new fixed-day weekly service that connects South-East Asia, Europe, India, and the...
Three charged over $115-million drug shipment
THREE men have been charged over the alleged importation of 130 kilograms of methylamphetamine into New South Wales on a ship. Australian Border Force officers intercepted a...
Piracy still a risk in Western Indian Ocean, IMO warns
THE INTERNATIONAL Maritime Organization is urging the shipping industry to stay alert to piracy in the Western Indian Ocean. The IMO and EU Naval Force Operation (EUNAVFOR)...
Wärtsilä finishes “industry-first” retrofit
WÄRTSILÄ has completed what it said was the maritime “industry’s first-ever shaft generator retrofit”. Wärtsilä retrofitted an inline shaft generator on Berge Toubkal, a cape-size...
Increase in schedule reliability softens
THE RAPID increase in global schedule reliability toward the end of 2022 has abated, according to shipping analyst Sea-Intelligence. Sea-Intelligence’s latest Global Liner...
Adelaide January container throughput in line with last year
FULL container throughput at Port Adelaide in January saw very little change compared with the same month last year, according to the latest trade statistics from Flinders Ports....
IMO calls for industry views on GISIS
THE INTERNATIONAL Maritime Organization Secretariat is calling on users of the Global Integrated Shipping Information System to participate in a survey. The IMO is looking for...
Containers burn at Turkish port after devastating earthquake
A DEVASTATING earthquake has toppled containers and halted operations at ports on Turkey’s eastern Mediterranean coast. At the time of writing, the death toll from the...
WSM enters joint venture for emissions reporting and trading
WILHELMSEN Ship Management is launching a joint venture company with independent shipbroker Affinity Shipping. The new company will aim to help shipowners and operators understand...
