Baltic Exchange weekly report
THE BALTIC Dry Index climbed steadily throughout last week. The index, which measures prices paid for transporting dry bulk, started the week at 1209, and ended the week at 1381...
Police call for public assistance in air cargo meth mystery
AUTHORITIES are calling for public assistance after intercepting 312 kilograms of liquid meth bound for Melbourne in air cargo. In July this year US authorities at Los Angeles...
MSC to acquire stake in Hamburg logistics company
MSC, the largest container carrier by capacity, has agreed to acquire 49.9% of Hamburger Hafen und Logistik Aktiengesellschaft HHLA, a port terminal and logistics company. Under a...
MOL buys chemical carrier business
MITSUI O.S.K. Lines’ subsidiary MOL Chemical Tankers acquired Fairfield Chemical Carriers from New York-headquartered Fairfield-Maxwell for US$400 million. The acquisition was...
MOL signs MOU with Shell
MITSUI O.S.K. Lines and Shell Marine Products have signed an agreement to “a joint focus on advancement of alternative maritime solutions and managing carbon emissions liabilities...
Men charged over meth in mattresses
THREE men have been charged over the importation of almost 90 kilograms of methamphetamine hidden in five shipments of futons into Sydney. They were arrested as part of a...
Shipping summit to take place at COP28
SHIPPING industry kahunas will meet in Dubai for the Shaping the Future of Shipping Summit, which is connected to the UNFCCC Climate Conference COP28. The summit will take place...
Oil spill conference in QLD kicks off
SPILLCON kicked off on Monday (11 September) in Brisbane, bringing together some 350 expert oil spill responders from around the world. Maritime Safety Queensland is joining...
Equinor to supply Maersk methanol
OCEAN carrier Maersk has signed an agreement with Norwegian state-owned oil major Equinor for the supply of green methanol for Maersk’s first methanol-enabled containership. Under...
Baltic Exchange weekly report
THE BALTIC Dry Index last week increased, hitting 1186 on Friday. However, the index has remained relatively flat since declining from a peak in late April. Capesize The Capesize...
Maritime insurers join initiative to improve cargo safety
MARITIME insurers UK P&I Club and TT Club have signed up for Safetytech Accelerator’s Cargo Fire & Loss Innovation Initiative (CFLII). Safetytech Accelerator launched the...
C-suite appointment at logistics giant
INTERNATIONAL logistics giant Geodis has appointed Xavier Avrard as chief strategy officer. He will be a member of the broup’s management board, under the chairmanship of Geodis...
Zim enters operational agreement with MSC
ZIM has entered a new operational co-operation agreement with MSC on several trade routes, including services that call Australian ports. The agreement follows an announcement...
Design for world's largest LNG carrier granted AiP
DNV has granted an approval in principle for the design of what it said would be the largest LNG carrier in the world. The classification society presented the AiP to shipbuilding...
Trade alliance launches declaration on universal eBL
THE FUTURE International Trade Alliance has launched a declaration that aims to promote the adoption of the electronic bill of lading. The FIT Alliance was formed in 2022 to...
