The week in bulk: dwindling rates, rising bunker prices
THE Baltic Dry Index last week continued its precipitous decline, hitting its lowest point in more than a year. On Friday (21 January) the index was 1415, a decrease of 20% on the...
Big gains for Aussie grains through essential training
FUNDED through an Australian government program, Grain Trade Australia has completed training that enables small grain exporters to meet Australian and importing country quality...
Record loadings on Swire Shipping FDF service
SWIRE Shipping has reported that the fixed day fortnightly (FDF) offering on its South East Asia service has resulted in record loadings on both northbound and southbound routes....
Digital freight forwarder Explorate raises $7.5m
BRISBANE-based digital freight forwarder, Explorate, has secured $7.5 million in funding, with the capital fuelling growth and strategic partnerships to firmly establish its...
Grounding investigation reinforces the need for safeguards on ships
AN investigation into the grounding of a general cargo ship off the coast of Denmark has reinforced the the importance of effective safeguards on vessels. According to the Danish...
Zim’s new chartering agreement for LNG dual-fuel container vessels
ZIM Integrated Shipping Services has announced a new eight-year charter agreement with a shipping company that is affiliated with Kenon Holdings, to charter three 7000 TEU...
Singapore Straits piracy incidents at a 30-year high
PIRACY attacks have increased in the Singapore Straits over the past year; the Piracy Reporting Centre has recorded the highest number of incidents in the past three decades. The...
Shipping lines support Tonga in aftermath of eruption
SHIPPING companies servicing the Pacific Islands are preparing to support relief efforts in Tonga in the aftermath of an underwater volcanic eruption. Reports of damage are still...
Global Energy Ventures appoints new chief technical officer
GLOBAL Energy Ventures has appointed experienced maritime professional Per Roed as chief technical officer. GEV said Mr Roed will drive innovation, design, construction and...
Rise in cargo theft driven by conditions at congested US ports
DATA from freight insurance specialist TT Club and the supply chain services and solutions team at BSI, shows that storage facilities in the United States were targeted in 45% of...
RSV Nuyina to share environmental findings with public
ON its first voyage to Antarctica, Australian icebreaker RSV Nuyina has been collecting environmental data to share with the public. The research and supply vessel departed Hobart...
Maersk Tankers to launch decarbonisation hub
MAERSK Tankers has announced it will create a new decarbonisation hub, which will gather intelligence and create solutions to help shipowners and cargo customers cut emissions....
Shipping and renewable energy bodies join forces on fuels
THE International Chamber of Shipping (ICS), representing more than 80% of world’s merchant fleet, has signed a partnership agreement with the International Renewable Energy...
Report says shipping carbon price loopholes let emissions off the hook
A NEW study from not-for-profit group Transport & Environment, shows that more than 25 million tonnes of CO2 – equivalent to the total CO2 emissions of Denmark – are exempt from...
Port operator handles record container numbers in 2021
WITH a definitive increase on the previous year, Singapore’s port operator PSA has recorded container throughput of 91.5 million TEU at its 50 locations globally from...
