Experts met on containership fire prevention
THE INTERNATIONAL Maritime Organization’s Formal Safety Assessment Experts Group met this week to review the outcome of a Formal Safety Assessment (FSA) study called Cagosafe,...
Kuehne+Nagel sees volume trend reverse in Sea Logistics
KUEHNE+NAGEL has reported a return to volume growth in its Sea Logistics business unit in the third quarter of 2023. EBIT in Sea Logistics amounted to CHF 875 million (about $1.5...
DSV profit drops in first nine months of 2023
DANISH logistics giant DSV has reported a 15.1% decrease in gross profit and a 30.6% drop in EBIT in the first nine months of 2023. The company said the results were expected,...
Crowley moves to launch LNG bunkering on Pacific side of Panama Canal
SHIPPING and energy logistics company Crowley said it is proceeding with plans to launch LNG bunkering on the Pacific side of the Panama Canal. Crowley would provide LNG bunkering...
Stonepeak to acquire container lessor for US$7 billion
INVESTMENT firm Stonepeak – which owns 70% of GeelongPort – is to acquire intermodal container lessor Textainer in a transaction valued at US$7.4 billion. Textainer announced over...
Operational efficiency key to decreasing emissions: GMF
INTERNATIONAL shipping decarbonisation advocacy group Global Maritime Forum has identified five key areas of cation to improve the operational efficiency of vessels. The...
DSV leadership change in the offing
AFTER 16 years in charge of Danish global logistics behemoth DSV, CEO Jens Bjørn Andersen is to step down in the next 11 months. In his place, DSV group chief operating officer...
Report calls for rapid action on 5% zero-emission fuel target
THE SHIPPING industry’s window of opportunity to meet its 5% zero-emission fuel target by 2030 is closing soon, according to a new report. The report from UMAS, the Getting to...
Maritime cyberattacks are becoming more costly
EACH cyberattack in the maritime industry costs the target organisation an average of US$550,000, (up from US$182,000 in 2022), according new research published by law firm HFW...
Paper analyses IMO’s possible path to net-zero
CLASSIFICATION society ClassNK in a recently published white paper has outlined steps the international shipping industry needs to take in order to meet the International Maritime...
ICS launches revised Tanker Safety Guide
THE INTERNATIONAL Chamber of Shipping has released the fourth edition of its Tanker Safety Guide (Liquefied Gas) publication. ICS said the publication as definitive industry...
Incat Crowther-designed ferry launched in Caribbean
A FERRY designed by Sydney-based marine engineering company Incat Crowther is now operating in the Caribbean. Incat Crowther designed the new 41-metre catamaran for Island Ferries...
DP World raises US$1.5 billion for sustainability ambitions
DP WORLD has raised US$1.5 billion through a green sukuk to support its decarbonisation efforts. A sukuk is a financial certificate that is essentially a bond that is compliant...
Report names Australia most favourable country for hydrogen production
AN INDEPENDENT study in Europe has identified Australia as one of the two most favourable countries for green hydrogen production. Australia and Brazil were highlighted for their...
World Container Index lowest for three years
THE DREWRY World Container Index has decreased by 1.5% to US$1369.06 this past week. The composite index and has dropped by 60.7% when compared with the same week last year. The...
