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...
Piracy incidents rise in Gulf of Guinea and Singapore Straits
THE ICC International Maritime Bureau has reported a rise in piracy incidents in the Gulf of Guinea and concerns for the Singapore Straits. IMB’s January-September piracy report...
Maersk to roll out Starlink on ocean fleet
MAERSK has signed a deal to roll out Starlink’s satellite internet across its ocean fleet. Starlink is a highspeed satellite internet constellation developed by SpaceX. It was...
New Zealand Shipping Federation becomes full ICS member
THE NEW Zealand Shipping Federation has become a full member of the International Chamber of Shipping. NZSF is the representative body for New Zealand’s coastal operators,...
Incat Crowther to design fast support intervention vessels
AUSTRALIAN shipbuilder Incat Crowther has been tasked with designing a fleet of fast support intervention vessels for operations in the Middle East. Singaporean shipbuilder Lita...
EU will not renew shipping consortia exemption from anti-trust rules
THE EUROPEAN Commission will not extend the EU legal framework that exempts liner shipping consortia from antitrust rules. In a statement, the commission said the Consortia Block...
IMO workshop examines hubs and routes to reduce GHG emissions
THE POTENTIAL for shipping routes and maritime hubs actions to reduce shipping’s greenhouse gas emissions and support maritime decarbonisation was examined during the...
August air-cargo demand grew for the first time in 19 months
YEAR-on year air-cargo demand grew in August for the first time in 19 months, according to the latest available data from the International Air Transport Association. Global...
Harsher conditions impact future of icebreaking
THE ICEBREAKER fleet in Finland – and the foreign ships facilitating the country's trade – are facing harsher and more challenging ice conditions in the northern Baltic Sea. The...
ICS launches CII data collection system
THE INTERNATIONAL Chamber of Shipping this week launched its Carbon Intensity Indicator Data Collection System. The International Maritime Organization developed the CII as a...
Finland running for IMO Council
FINLAND is hoping for a position on the International Maritime Organization Council in the 2024-2025 biennium. At an election later this year – slated for 1 December 2023 – the...
World Container Index decreases by 1%
THE DREWRY World Container Index decreased by 1.1% to US$1389.5 this past week The index has dropped by 62.3% when compared with the same week last year. It is now 2% below than...
Life at Sea 2023 photography winners announced
THE ITF Seafarers’ Trust announced the winning photos of its 2023 Life at Sea photography competition. The project, launched in 2020, aims to open a window the experiences of...
