The week in bulk: Capesze, Panamax markets on the rise
THE Baltic Dry Index showed a slight increase over the past week, in a turnaround after a trend downward from a peak in October. On Friday (3 December) the index was 3171, up 14%...
Capacity restoration is key: GSF review
GLOBAL trade continued to grow throughout the third quarter in 2021. However, container shipping capacity was maxed out and shippers turned to a mix of air freight, rail services...
Container freight rate index still high despite decrease over past month
OVER the past month, the Freightos Baltic Global Index fell 14% month over month to US$9364/FEU, though still 284% higher than a year ago and more than six times the pre-pandemic...
New joint venture to develop Oceanbird wind propulsion
ON 22 November, Alfa Laval and Wallenius finalised a 50/50 joint venture that aims to take Oceanbird wind power solutions from a cutting-edge marine concept to commercial reality....
ICS urges WTO to prioritise maritime transport in multilateral trade negotiations
THE International Chamber of Shipping has called for maritime transport to be prioritised in multilateral trade negotiations ahead of World Trade Organization meetings to take...
CMA CGM and Shell carry out first bio-LNG bunkering operation
CMA CGM Group and Shell have performed what they said was the first bio-LNG bunkering trial in Rotterdam. Shell bunkered =Containerships Aurora, a 1400-TEU LNG-powered vessel,...
X-Press Feeders orders eight 1170-TEU dual-fuel ships
X-PRESS Feeders Group has ordered eight 1170-TEU containerships. They will be equipped with dual-fuel engines, able to run on both conventional fuel and methanol. The first...
PSA inks agreement to acquire logistics company
THE Singapore-based port group PSA International has signed an agreement to acquire 100% of the shares of privately-held BDP International, a provider of global integrated supply...
WA and Port of Rotterdam collaborate on hydrogen supply chain
THE Western Australian government has signed a memorandum of understanding with Europe’s largest port, Port of Rotterdam, to co-operate on renewable hydrogen supply chains. The...
New CEO signs on to international shipping line
THE Wallenius Wilhelmsen board has named Lasse Kristoffersen as the company’s new CEO. Mr Kristoffersen will start in the new role no later than 1 June 2022. The previous...
First dual-fuel LNG battery hybrid PCTC delivered
UECC has taken delivery of what it says is the world’s first dual-fuel LNG battery hybrid pure car and truck carrier. The vessel, to be named Auto Advance, is the first in a...
GeelongPort invests $100 million in hydrogen hub
GEELONGPORT has announced plans to expand its current operations with a $100 million investment to build the Geelong Hydrogen Hub, a production and distribution facility for green...
First standard for vessel remote control centre operators
CLASSIFICATION society DNV has introduced the shipping industry’s first competence standard for vessel remote control centre operators (RCCO). The standard is supported by a new...
PIL to fully repay all scheme debts ahead of schedule
THE board of Pacific International Lines has announced the company will make an early repayment to creditors who were subject to the Scheme of Arrangement, which PIL entered into...
BIMCO calls for continued naval support in Gulf of Guinea after piracy incident
ACCORDING to the Danish Armed Forces, Danish frigate HDMS Esbern Snare was involved in an incident involving suspected pirates on 24 November in the waters south of Nigeria. The...
