AiP issued for maritime hydrogen fuel cell system
CLASSNK has issued an approval in principle for a maritime hydrogen fuel cell system developed by Japan’s Yanmar Power Technology. The classification society said this is the...
Hapag-Lloyd and Maersk join forces on long-term collaboration
HAPAG-LLOYD and Maersk have joined forces on a long-term collaboration starting in February 2025. The so-called Gemini Cooperation partnership would comprise a fleet pool of...
Red Sea situation impacting ag sector logistics
TRADE logistics are set to become increasingly challenging for Australia’s agricultural sector with the escalating tensions in the Red Sea disrupting global trade, according to...
ONE orders 12 methanol-fuelled ships
OCEAN Network Express has signed contracts for the construction of 12 new methanol dual-fuel containerships. The contracts are with Jiangnan Shipyard and Yangzijiang Shipbuilding,...
DNV to class very large ethane carriers
DNV will class shipowner Purus’ two newbuild very large ethane carriers (VLECs). The vessels have been contracted at HD Hyundai Heavy Industries (HHI) in South Korea and scheduled...
CMA CGM and Air France-KLM scupper air-cargo deal
CMA CGM and Air France-KLM have agreed to end their air-cargo partnership. The ocean carrier entered a partnership deal with the airline holding company in May 2022, and it came...
Yemen's Ansar Allah threaten US ships in Gulf of Aden and Red Sea
YEMEN’S Ansar Allah group, also known as the Houthi movement, intends to expand its targets in the region to include US ships. Global media have reported Ansar Allah plans to...
New CCO for global port agency firm
GLOBAL port agency and marine services company Inchcape Shipping Services has appointed Svend Stenberg Mølholt as chief commercial officer, effective 9 January. Mr Mølholt has...
ICTSI commits to 2050 net-zero for scope 1 and 2 emissions
INTERNATIONAL Container Terminal Services has committed to achieving net-zero greenhouse gas emissions for its scope 1 and 2 emissions by 2050. ICTSI is the owner of the Victoria...
US and UK launch strikes against Houthis after "largest attack to date"
THE UNITED States and United Kingdom launched strikes against Houthi military targets on Friday in response to continued attacks against shipping in the Red Sea. Australia was one...
Maritime bureau flags "concerning rise" in piracy
THE ICC International Maritime Bureau has reported an increase in maritime piracy in 2023, and the first successful Somali-based hijacking in years. The IMB annual report recorded...
MSC cargo aircraft enters operation
ATLAS Air has taken delivery of a freighter aircraft, which it will operate on behalf of MSC. The Boeing 777-200 freighter entered operation on 11 January and would complement MSC...
Baltic Exchange weekly report
THE BALTIC Dry Index fell over the past week to 1460 on Friday 12 January – a decrease of 30% on the previous Friday’s index. This past Friday marked the lowest point for the...
World Container Index skyrockets
THE DREWRY World Container Index increased by 15% this past week to $3072 per 40-foot container. The composite index has increased by 44% when compared with the same week last...
Maersk to bypass Panama Canal with “land bridge”
MAERSK is deploying a “land bridge” in Panama to mitigate issues with the drought-affected canal. Based on current and projected water levels in Gatun Lake, the Panama Canal...
