Baltic Exchange weekly report
THE BALTIC Dry Index fell slightly at the end of a dynamic week, but the index is still higher than it has been for most of the past year. The BDI hit 2348 on Friday (15...
Incat Crowther to design ferry for US Virgin Islands
AUSTRALIAN marine engineering company Incat Crowther is partnering with a US shipyard to deliver a new ferry for the US Virgin Islands. Incat Crowther is designing 32-metre-long...
Corroded wire caused shipboard crane failure: NTSB
A CORRODED wire rope caused a crane failure on the cargo ship Thorco Basilisk in July last year, the US National Transportation Safety Board has found. An NTSB incident...
US asks for Australian warship in Red Sea
THE US Navy has asked Australia to send a warship to the Red Sea. Global media have reported the request is for the vessel to join an international task force following a rise in...
Maritime NZ says health and safety risks need to be top priority
MARITIME NZ has told commercial operators they need to understand and meet their health and safety obligations, including when staff are sent to work overseas. This comes after...
Australia and UAE to commence trade agreement negotiations
THE AUSTRALIAN government is to begin negotiations with the United Arab Emirates on a comprehensive economic partnership agreement in the new year. A statement from the government...
Shipping industry talks net-zero strategy at COP28
SHIPPING industry representatives at COP28 set a course to deliver on the International Maritime Organization’s net zero strategy. More than 60 organisations and 300 leaders met...
Tanker attacked in Red Sea
A MISSILE launched from Houthi-controlled territory in Yemen has struck a commercial tanker in the Red Sea. Two US officials told Reuters on Monday the missile caused a fire and...
Baltic Exchange weekly report
THE BALTIC Dry Index climbed to lofty heights early last week before a steep decline in the latter part of the week. The index hit a high of 3346 on Tuesday (4 December) before...
Maersk prepares to launch first large methanol-fuelled ship
MAERSK is preparing to launch the first of 18 large methanol-enabled vessels currently on order. The containership is due to enter service on 9 February 2024 on the AE7...
World Container Index increases
THE DREWRY World Container Index increased by 6% this past week, reaching US$1461 per 40-foot container. The composite index has dropped by 32% when compared with the same week...
PIL and DP World to collaborate to reduce emissions
PACIFIC International Lines and DP World have singed a memorandum of understanding to develop ways to decarbonise global supply chains. The companies aim to help each other to...
Service makes inaugural call at multipurpose terminal
Meratus Line’s SBON service made its inaugural call at International Container Terminal Services’ East Java Multipurpose Terminal on Sunday (3 December). The weekly service is...
ICS launches second Engine Room Procedures Guide
THE INTERNATIONAL Chamber of Shipping has released the second edition of its Engine Room Procedures Guide. The second edition includes updates on future fuels and enclosed space...
MPA and US ports partner on Pacific green shipping corridor
THE MARITIME and Port Authority of Singapore has partnered with two US ports to develop a strategy for a green and digital shipping corridor across the Pacific Ocean. MPA unveiled...
