Baltic Exchange weekly report
THE BALTIC Dry Index continued its upward trajectory over the past week. The index kicked off the week on Monday (18 September) at 1439, already 4.2% above the previous week’s...
Kiwi port orders new tug
PORT of Marlborough New Zealand (PMNZ) and Damen Shipyards have signed a contract for an Azimuth Stern Drive Tug 2111. The tug is 21 metres in length with a bollard pull of 50...
Maersk and CMA CGM to collaborate on emissions
MAERSK and CMA CGM are joining forces in several areas relating to decarbonisation. In a joint statement, the companies said the collaboration would be “in full compliance with...
IMO submits GHG strategy to Global Stocktake
THE INTERNATIONAL Maritime Organization has submitted its 2023 GHG strategy to the United Nations’ first Global Stocktake. The Global Stocktake was established under the Paris...
Incat Crowther to deliver new vessels for ports group
INCAT Crowther has been tasked with delivering two new ro-pax catamarans for Abu Dhabi Ports Group. The Australia-headquartered shipbuilder was commissioned alongside Penguin...
Höegh takes measures to reduce fire risk
HÖEGH Autoliners announced that it is taking measures to reduce the risk of fire onboard its vessels. “Together with a clear decarbonisation target, safety is our top priority...
COP28 freight forwarding and logistics partner announced
COP28 has appointed Kuehne+Nagel as the official logistics partner at the global 2023 UN Climate Change Conference in Dubai. From November 30 until December 12, the event is...
Tasmania and Bremen partner on hydrogen development
THE TASMANIAN government has signed a joint declaration of intent with Bremen, Germany to collaborate on green hydrogen development. The declaration of intent covers research,...
Container index continues to decrease
THE DREWRY World Container Index decreased by 7.1% this past week to US$1561.30 per 40-foot container. The composite index has dropped by 68.4% when compared with the same week...
First methanol-enabled containership named Laura Maersk
MAERSK’S first methanol-enabled containership was named Laura Maersk in a ceremony on Thursday (14 September) at the Port of Copenhagen. The vessel was officially named by the...
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...
