Schedule reliability recovers slightly in Feb: report
SCHEDULE reliability figures improved slightly in February, according to the latest Global Liner Performance report from Sea-Intelligence. The consultancy published issue 127 of...
The week in bulk: Green shoots in the Capesize market?
LAST week, the Baltic Dry Index continued the moderate decline of the previous week. The index ended the previous week at 2544, and last week declined to 2357 by Friday 1 April, a...
Australia imposes 35% tariffs on all goods from Russia and Belarus
PRIME Minister Scott Morrison on Thursday announced that Australia would impose an additional tariff of 35% on all imports from Russia and Belarus. In a statement, released hours...
Zim to charter six newbuilds
CONTAINER liner company Zim is chartering up to six 5500-TEU wide-beam newbuild vessels for seven years and a total charter hire consideration of up to about US$600 million. The...
Cargotec-Konecranes merger called off
CONTAINER-handling equipment companies Cargotec and Konecranes called off their planned merger after the UK Competition and Markets Authority (CMA) kyboshed the move on...
Kerry Logistics posts 2021 net profit increase of 102%
Third-party logistics provider Kerry Logistics reported a robust profit growth in 2021. The company’s core net profit increased by 102% to HK$3.7 billion ($628 million), according...
Black Sea mines a threat to safety of seafarer evacuations, HRAS says
HUMAN Rights at Sea has responded to the suggestion of a safe maritime corridor to evacuate seafarers from dangerous ports and waters around Ukraine, highlighting the threat of...
New Texas to Vic air route supports US-Aus trade
QANTAS has announced a new route and expanded services between Melbourne and the US, which it said would boost trade with Victoria’s second-largest trade partner. A new direct...
Maersk to boost green fuel production
MAERSK and Egyptian authorities have entered into a partnership agreement to explore the establishment of large-scale green fuel production in Egypt. The memorandum of...
New CEO for Maersk division behind TradeLens
GTD Solution, the Maersk division behind blockchain technology platform TradeLens, has announced a transition in the CEO role. After a career spanning more than three decades in...
Analysis highlights impact of skipped ports and blank sailings
A NEW report exploring capacity restrictions resulting from skipped port calls and blank sailings has found global ports lost more than a third of their expected capacity to ship...
IAG Cargo re-opens LHR-SYD route
INTERNATIONAL Airlines Group cargo division IAG Cargo has restarted its London Heathrow to Sydney route for the first time since the COVID-19 pandemic began. The route will...
The week in bulk: a mixed bag across geographies
THE Baltic Dry Index saw a slight decline before levelling out last week. On Friday (25 March), the index was 2544. This was a decrease of 2% on the previous Friday’s number,...
Unions and shipping group co-ordinate evacuation of Ukrainian seafarers
SEAFARERS evacuated from Ukraine will be provided with safe accommodation in Romania and Poland under an initiative arranged by two workers’ unions and a ship management company....
DHL Global Forwarding acquires J.F. Hillebrand for $2.2bn
DEUTSCHE Post DHL Group closed the acquisition of ocean freight forwarding specialist J.F. Hillebrand Group and its subsidiaries for €1.5 billion ($2.2 billion). The companies had...
