Baltic Exchange weekly report
THE BALTIC Dry Index continued on its recent upward run, reaching 2102 on Friday, the highest index since 18 October. The BDI started off the week at 1817 on Monday (20 November),...
ONE to trial containerised wind propulsion units
OCEAN Network Express is launching a trial of containerised wind propulsion devices. The autonomous wind-assist units are based on 40-foot containers. They are designed for use on...
Five arrested over air-cargo cocaine haul
SOUTH African police have arrested five men allegedly responsible for loading 100 kilograms of cocaine into the cargo hold of an aircraft bound for Sydney. The Australian Federal...
Stolt Tankers orders six newbuilds
STOLT Tankers has ordered six new 38,000 DWT tankers from China’s Wuhu Shipyard, with an option for six more newbuilds in the future. Stolt Tankers, a subsidiary of Stolt-Nielsen,...
Ships divert after Galaxy Leader hijacking; Houthis release footage of seizure
TWO vessels diverted their course in the Red Sea and Gulf of Aden after the cargo ship Galaxy Leader (IMO 9237307) was hijacked by Yemen’s Houthis. The Houthis – a militia with...
ICS and bunker industry propose simplified global GHG fuel standard
THE INTERNATIONAL Chamber of Shipping and the International Bunker Industry Association have submitted a joint proposal to the International Maritime Organization for a global GHG...
Aussie company designs new ferry for Guadeloupe
AUSTRALIAN company Incat Crowther has designed a new passenger ferry to Guadeloupe-based operator CTM Deher. Incat Crowther designed the 36-metre ferry Miss Outre-Mer using its...
IMO and ILO hold first Work at Sea joint conference
THE INTERNATIONAL Maritime Organization and the International Labour Organization held their first joint Conference on Work at Sea last week. The IMO and ILO met on 13 November at...
Cargo ship hijacked in Red Sea
A YEMENI militia with connections to Iran has hijacked a ship transiting the Red Sea. Ro-ro vessel Galaxy Leader (IMO 9237307) was sailing from Türkiye to India when members of...
Man lands 18-year sentence over meth in "suspicious" container
A MAN has been sentenced to 18-and-a-half years’ imprisonment for attempting to import 154 kilograms of methamphetamine into Australia in a shipping container. Authorities seized...
Trio launches Asia-Pacific chemicals ship business
JAPANESE shipping company Nippon Yusen Kabushiki Kaisha, tanker operator Eneos Ocean Corporation and chemicals tanker operator Stolt Tankers are joining together to form a...
Energy efficiency measures can reduce underwater noise: report
MOST energy efficiency measures prescribed to the shipping industry can also reduce underwater noise, research from the University of Southampton has found. The new study...
New initiative aims to improve SAR information sharing
THE INTERNATIONAL Maritime Rescue Federation has launched an initiative developed to improve maritime SAR operations. The IMRF #SaferSAR initiative, funded by Lloyd’s Register...
Baltic Exchange weekly report
THE BALTIC Dry Index increased steadily over the past week, reaching 1820 on Friday (17 November). This was a 10.8% increase on the previous Friday’s index, and the highest point...
Third-quarter results show Zim in the red
ISRAELI ocean carrier Zim reported a third-quarter loss of US$2.27 billion compared with a net income of US$1.166 billion in the third quarter of 2022. The company’s revenues for...
