Supply chain disruptions halve November air cargo growth: IATA
DATA released by the International Air Transport Association (IATA) for global air cargo markets shows slower growth in November 2021. Supply chain disruptions and capacity...
CMA CGM Libra Supreme Court ruling sparks industry discussion
MORE than ten years after the grounding of CMA CGM Libra, a UK Supreme Court judgement has found negligent passage planning by masters and officers can render a ship unseaworthy....
Congestion is getting worse according to shipping analyst
ABOUT 11.5% of the global ocean container shipping capacity was taken out of the market due to vessel delays in November, according to a recent analysis from Sea-Intelligence....
Maersk says delays across its network are continuing into 2022
THE global supply-chain challenges of 2021 are continuing into the new year, according to a customer advisory from Maersk. “Unfortunately, 2022 has not started off as we had...
Shipping platform to benefit from predictive intelligence
MARITIME predictive intelligence company Windward has partnered with Maritech to provide its risk scores to the Sea/ digital platform. The Sea/ platform enables charterers,...
Poseidon Principles signatories make headway, but climate goals out of reach for some
POSEIDON Principles signatories are making progress in aligning ship finance portfolios with climate goals despite COVID-19 headwinds, according to the association’s latest annual...
Damen uses Skoonbox to cut yard emissions
SHIPBUILDER Damen has taken delivery of the Skoonbox from Skoon Energy, the world's first maritime-certified, multi-purpose battery container. The Netherlands based company will...
Transaction heralds new age in exchange of ownership
AS the result of a partnership between fund manager TradeFlow Capital Management and the Baltic Exchange, a pilot escrow transaction as part of a commodity trade has been executed...
Sailors’ Society launches emergency fund for seafarers
SAILORS’ Society has launched a new welfare fund to provide emergency support to seafarers and their families during crises. The Sea Change Fund was set up in response to the...
Container collapse reported on Madrid Bridge
THE containership Madrid Bridge suffered container collapse on Friday (7 January) while it was transiting the North Atlantic, according to a statement from Ocean Network Express....
Crew change indicator shows crisis easing, but new COVID challenges loom
THE number of seafarers working beyond expired contracts is at an eight-month low, according to the latest Neptune Declaration Crew Change Indicator, though the omicron variant...
Suspected pirates’ release reinforces urgency of regional support in Gulf of Guinea
THREE suspected pirates from Nigeria have been released at sea by the Danish Navy, and a fourth prosecuted, following an attack in the Gulf of Guinea last year. In November 2021,...
Drewry World Container Index continues to rise
THE average composite index of the World Container Index, assessed by Drewry for year-to-date, is $9409 per 40-foot container, which is $6574 higher than the five-year average of...
Seafarers’ challenges prioritised at latest IMO session
THE International Maritime Organization is urging member states to act on the challenges seafarers are facing during COVID-19, having consolidated the issues which emerged during...
MSC overtakes Maersk as the biggest container line
MAERSK Line is no longer the largest container line in the world; MSC has knocked it off the top spot, according to global shipping analyst Alphaliner. MSC’s fleet has the...
