Maersk to cut 10,000 jobs from global workforce
MAERSK intends to reduce its global workforce by about 10,000 positions to deal with challenging market conditions and a “worsening” price outlook in its Ocean segment. Maersk was...
MtS flags "deeply concerning" trend in seafarer happiness
THE WELLBEING and satisfaction of crewmembers appears to have dropped again according to the Seafarers Happiness Index, marking the longest sustained decline since the index was...
Swissport launches air cargo operations in Australia
AVIATION services company Swissport launched its first air cargo operations in Australia this week, commencing at Sydney Airport on 1 November. Swissport’s Australian operations...
Baltic Exchange weekly report
THE BALTIC Dry Index ended this past week at 1462. This was a decrease of 6.5% on the previous Friday’s index of 1563. The BDI began last week at 1502, but it started declining,...
Big grain shipment exported from GeelongPort
A 52,000 thousand tonne export sale of durum wheat exported through GeelongPort is on its way to Algeria, while global supply of the commodity is tight. The bulk carrier...
Q3 earnings increase at Wallenius Wilhelmsen
WALLENIUS Wilhelmsen has reported total EBITDA of US$478 million for the third quarter of 2023, a 9% increase on the same period last year. The company attributed the growth in...
ICS publishes guide to maritime law for seafarers
THE INTERNATIONAL Chamber of Shipping has launched its first edition of The Master’s Practical Guide to Maritime Law as a legal reference book specifically to aid seafarers with...
Maersk marks 30 years in Australia with seven new facilities
MAERSK has announced the opening of seven new facilities across the country as it marks its 30 years in Australia. Six of the seven new facilities will be omnichannel fulfilment...
ONE profits fall 97% in Q2
OCEAN Network Express has reported a 97% decrease in net profit after tax for the second quarter of the 2023 financial year. ONE’s second-quarter NPAT came to US$187 million,...
MOL introduces MarTrust payment system for seafarers
MITSUI O.S.K. Lines is introducing MarTrust – a payment service that is specialised for ocean shipping – for all seafarers on vessels managed by MOL Group’s ship management...
MOU signed for collaboration on autonomous shipping
Samsung Heavy Industries and classification society DNV have inked a memorandum of understanding at South Korean maritime exhibition Kormarine. The two entities committed to...
Höegh sells one ship, buys another
HÖEGH Autoliners is selling Höegh Bangkok (IMO 931847) for US$63 million. and buying Höegh Jacksonville (IMO 9673379) for US$43.22 million. The company built Höegh Bangkok at the...
Australia-EU trade deal falls through
AUSTRALIAN trade minister Don Farrell has walked away from a trade deal with the European Union after negotiations failed to make progress. Mr Farrell had met with European...
Spirit of Tasmania IV named and launched
SPIRIT of Tasmania IV was named and launched at the Rauma Marine Constructions shipyard in Finland on Friday 27 October. The ro-pax ferry is the first of two new Spirit of...
World container index at lowest point in three years
THE DREWRY World Container Index dropped by 2% this past week. The composite index decreased by 2% to US$1342. The WCI has dropped by 57% when compared with the same week last...
