New tonnage for G2 Ocean
BULK, breakbulk and forest products specialist G2 Ocean will have new custom tonnage at hand after shareholder and pool partner Gearbulk placed an order for up to four...
K+N streamlines structure
MULTI-MODAL freight forwarder and logistics giant Kuehne+Nagel has announced a restructuring of management responsibilities in a move overseas commentators see as more closely...
Damen, CMA CGM to fine-tune fuel use
CMA CGM and Dutch-based Damen Shipyards Group have embarked on a project to modify up to ten of the containerline’s ships in a quest for fuel savings of around 10%. Up until now,...
Electric harbour-craft charging trial goes live in Singapore
THE MARITIME and Port Authority of Singapore has launched its first trial of an electric harbour-craft charging point. The pilot trial at the Marina South Pier follows a call last...
Govt commits $45m to freight-route upgrades
THE FEDERAL government has committed $45 million to 19 priority freight-route safety upgrades. Around $25 million would go to 14 projects under the Bridges Renewal Program, and...
DNV approves HD Hyundai maritime innovation
DNV has issued shipbuilding conglomerate HD Hyundai with a general approval for ship application (GASA) for what it has labelled a “world-first” support system for independent...
Maersk's OC1 resumes Panama transits
AFTER a break of around four months Maersk Line’s OC1 service will resume Panama Canal transits in mid-May. The carrier split its ANZ-East Coast North America service into two...
WiseTech to acquire Aktiv Data
ASX-LISTED WiseTech Global has agreed to acquire Aktiv Data, an electronic customs and freight forwarding specialist in Finland. Aktiv Data’s flagship product is nTax, cloud-based...
Baltic Exchange weekly report
THE BALTIC Dry Index decreased each day this past week to 1628 on 5 April, continuing a downward trend that began in mid-March. The Baltic Dry Index for the week ending Friday 5...
RightShip and Intercargo's excellence adventure
MELBOURNE-founded RightShip and the International Association of Dry Cargo Shipowners have joined forces to launch an independent, not-for-profit industry organisation dedicated...
Drastic plastic: study finds tonnes on ocean floor
IN A first estimate of how much plastic waste ends up on the floor of the world’s oceans, work by the CSIRO and the University of Toronto in Canada has concluded up to 11 million...
World Container Index continues steady decline
DREWRY’S composite World Container Index decreased 3% to US$2836 per 40-foot container this week. The latest figure is a 66% increase compared with the same week last year and is...
Air cargo demand strengthens in February
NEW monthly data from the International Air Transport Association suggests global air cargo demand is getting stronger. In February 2024, total demand (measured in cargo...
WA ferry under construction at Austal shipyard
CONSTRUCTION of a new passenger ferry, which will operate in Western Australia, has commenced at Austal’s Philippines shipyard. Australia’s Incat Crowther designed the 32-metre...
Wallenius Wilhelmsen prices Baltimore lock-in
WALLENIUS Wilhelmsen expects the closure of Baltimore, one of the USA’s leading automobile trade ports and a key company hub, to cost it up to US$10 million. WW estimates it will...
