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...
UN Security Council demands Houthis end Red Sea attacks
THE UN Security Council has passed a resolution demanding Yemen’s Houthis immediately stop attacking ships in the Red Sea. The draft resolution also demanded the group release the...
Airlines relaunch services bringing cargo capacity to WA
TWO overseas airlines are recommencing services to Western Australia this year. South African Airways is planning to relaunch non-stop flights between Johannesburg and Perth in...
Wallenius Wilhelmsen diverts from Red Sea
WALLENIUS Wilhelmsen has joined the growing list of shipping firms diverting vessels from the Red Sea. On 9 January the ro-ro carrier announced its ships would instead sail around...
Orders for alternative fuelled vessels grow: DNV
IN 2023, 298 ships with alternative fuel propulsion were ordered globally – a year-on-year increase of 8%, according to the latest stats from DNV’s Alternative Fuels Insight (AFI)...
Air cargo demand up in November
DEMAND for air cargo (measured in cargo tonne-kilometres) increased by 8.3% in November of last year, according to data available from the International Air Transport Association....
Zim to install trackers on containers
ISRAELI shipping line Zim is planning to install tracking devices on thousands of Zim containers. Zim has entered an agreement with tech company Hoopo Systems to roll out tracking...
Maersk Tankers acquires Penfield Marine
MAERSK Tankers has acquired Penfield Marine, a US-based pool operator. The combined company is to manage about 240 vessels, including about 45 vessels owned by affiliated...
OPINION: A strategy to eliminate piracy
PIRACY is flourishing in the Red Sea, Gulf of Aden and the Indian Ocean off Somalia – the RSGAI area – because leaders of countries who could prevent such activity are looking for...
New IMO Secretary-General announces senior team
INTERNATIONAL Maritime Organization Secretary-General Arsenio Dominguez has announced his leadership team a week after taking up the top job. In his new year message, Mr Dominguez...
Approval in principle for ammonia FSRU
CLASSNK has awarded Mitsui O.S.K. Lines an approval in principle for a design of a floating storage and regasification unit for ammonia. MOL and Mitsubishi Shipbuilding jointly...
Attacks and disruptions continue in Red Sea
MAERSK has warned of “significant disruption to the global network” as it suspends all transits through the Red Sea and Gulf of Aden following an attack on a Maersk ship. The...
Provaris engages DNV for hydrogen carrier project
ASX-LISTED energy company Provaris has engaged classification society DNV to review the design of Provaris’ H2Neo hydrogen carriers. DNV will look at Provaris’ hydrogen cargo...
