Swire Shipping affiliate to acquire Westwood Shipping Lines
SWIRE Shipping has announced its affiliate SSPL US has signed a definite agreement to acquire Westwood Shipping Lines, an independent vessel operator based in the United States....
ANL announces Australia-China service
ANL has announced a new service that will connect the Australian ports of Brisbane and Sydney with Shekou and Shanghai. The A3 Express Loop (A3X) will run with 4200-TEU capacity...
Toll to pay $8.6 million for allegedly violating US sanctions
TOLL has agreed to pay to pay US$6.1 million ($8.6 million) to settle its potential civil liability for 2958 apparent violations of sanction programs administered by the US Office...
Japanese bank invests in seafarers' eMoney platform
JAPAN’S largest bank MUFG has invested in MarCoPay Inc, an electronic money platform designed for seafarers and operated by NYK Line. The investment partnership, announced this...
NYK receives methanol-fuelled chemical tanker
NIPPON Yusen Kaisha (NYK) Line has welcomed a third vessel into its growing fleet of methanol-fuelled chemical tankers. Built at Hyundai Mipo Dockyard in South Korea, Grouse Sun...
PIL launches new weekly service
PACIFIC International Lines is launching a new weekly service between Singapore and the Indonesian port of Surabaya. The company said the new service would expand its presence in...
Japanese biofuel tug test
NYK and its affiliate Sanyo Kaiji have started a continuous three-month test using biofuel supplied by Toyotsu Energy Corporation in tugboats. The biofuel will be supplied...
200 ships receive contaminated bunkers at Port of Singapore
A PRELIMINARY investigation has found around 200 ships have been supplied with contaminated bunker fuel at the Port of Singapore, many of which have reported engine problems. The...
Global trade outlook has "darkened" amid war and shipping disruptions, WTO says
AN analysis from the World Trade Organization has illustrated the current fragility of global trade between the Russia-Ukraine conflict and shipping disruptions in China. WTO...
PIL trials marine biofuel on containership Kota Megah
PACIFIC International Lines is trialling the use of marine biofuel on containership Kota Megah to determine the feasibility of using the fuel across its fleet. The trial commenced...
The week in bulk: A calm week in Cape and Panamax markets
LAST week, the Baltic Dry Index continued the moderate decline seen over several weeks. The index ended last week on 2055 (on 8 April) – this was a decrease of 13% on the previous...
Incat delivers 76-metre fast cat for South Korea
INCAT Tasmania has delivered Santa Monica 1, a 76-metre high-speed catamaran ferry for Seaworld Express of South Korea. The vessel left Hobart on Tuesday and is currently headed...
Maritime and mining industries to explore green corridor between Australia and East Asia
A CONSORTIUM of shipping industry stakeholders has signed a letter of intent to assess the development of an iron ore green corridor between Australia and East Asia. Led by the...
Lockdowns continue to disrupt freight across China
FREIGHT across China is again being impacted by a surge in COVID-19 cases and a subsequent wave of lockdown measures. Shipping companies have reported limited trucking...
Air cargo growth continues in February
GLOBAL air cargo demand increased in February despite a difficult operating environment, according to the latest data from the International Air Transport Association. However,...
