Largest German-flagged ship joins Hapag-Lloyd fleet
HAPAG-Lloyd officially welcomed the Berlin Express to its fleet. It is the first ship in its new Hamburg Express class. At an event attended by some 300 guests from business and...
Carbon neutral shipyard on agenda for builder of world's largest cruise ship
FINNISH shipbuilder Meyer Turku is aiming to develop a climate-neutral ship concept by 2025 and a carbon neutral shipyard by 2030. The company is working toward these objectives...
Baltic Exchange weekly report
THE BALTIC Dry Index ended this past week at 1701 on Friday (29 September). This was an increase of 5.4% on Monday’s index of 1614. However, Friday’s index was a decrease on a...
World Container Index falls yet again
THE DREWRY World Container Index decreased by 5.1% to US$1404.38 per 40-foot container this past week and has dropped by 65% when compared with the same week last year. The index...
ITF recovers almost US$120 million in crew wages
THE INTERNATIONAL Transport Workers’ Federation said it recovered almost US$120 million in wages owed to seafarers between 2020 and 2022. The union this week said its inspectors...
Celebrating World Maritime Day 2023
TODAY is World Maritime Day, an annual event dedicated to the global maritime industry and the changes and challenges it faces. On 29 September International Maritime Organization...
UNCTAD calls for shipping decarbonisation action
THE UNITED Nations Conference on Trade and Development has called for a “just and equitable” transition to a decarbonised shipping industry in its Review of Maritime Transport...
Marine casualties decline while distress calls increase: report
THE NUMBER of distress calls from ships remains high despite a decline in vessel losses, according to The Future of Maritime Safety Report 2023. The Inmarsat Maritime report...
Japanese shipping companies partner to establish LH2 supply chain
THREE Japanese shipping companies are partnering with a company set up to establish a global liquefied hydrogen supply chain that involves export from Australia. Mitsui O.S.K....
ICS opens representative office in China
THE INTERNATIONAL Chamber of Shipping has opened a new ICS representative office in Shanghai. The inauguration of a new office follows the admission of the China Shipowners’...
World Container Index continues to slip
THE DREWRY World Container Index decreased by 5.2% to US$1479.48 per 40-foot container this week. The composite index has dropped by 66.9% when compared with the same week last...
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...
