Global air cargo demand improves in July
GLOBAL air cargo demand in July this year dropped slightly compared with the same month in 2022, but it has improved in recent months, the International Air Transport Association...
Fugitive arrested over maritime drug-smuggling plot
AUTHORITIES have arrested a man who disappeared five years ago while he was on trial over a plot to import 186 kilograms of cocaine into Australia by sea. The Victorian man is...
LATAM re-opens Melbourne route
THE FIRST direct flight between Santiago, Chile and Melbourne since the pandemic landed at Melbourne Airport on Saturday. Minister for Tourism, Sport and Major Events Steve...
WA missions to promote trade and green energy
THE WESTERN Australian premier has embarked on a trade mission to Indonesia while the state’s training minister gears up for a green energy mission to the UK. Premier Roger Cook...
Merchant Navy Day 2023
SUNDAY 3 September marked Merchant Navy Day – a day commemorating the seafarers who served on merchant ships in times of war. Merchant Navy Day is held each year on the...
Ammonia-powered gas carriers commercially viable from 2026: GMF
OPERATING ammonia-powered gas carriers could be commercially viable from 2026, according to the Global Maritime Forum An analysis from GMF found that the cost gap between running...
Guidelines for safely transporting EVs by sea published
CLASSIFICATION Society ClassNK and the International Union of Marine Insurance have released sets of guidelines to help increase the safety of maritime transportation of electric...
World Container Index posts another weekly decrease
THE DREWRY World Container Index decreased by 1.6% to US$1739.59 per 40-foot container this past week. The WCI has dropped by 69.3% when compared with the same week last year. The...
Xeneta Shipping Index shows rates continuing to slide
LONG-term ocean freight rates slid in August, marking the 12th consecutive month of declines for carriers. According to the latest real-time data from the Xeneta Shipping Index...
Baltic Exchange weekly report
THE BALTIC Dry Index declined slightly last week to 1065. This was a decline of 1.4% on the previous Friday’s index of 1080. Capesize The Capesize market observed a shortened...
Wärtsilä launches CCS feasibility studies
WÄRTSILÄ is launching carbon capture and storage feasibility studies for shipowners and operators to help bring forward the early stages of CCS integration. The technology group...
NYK to study liquefied CO2 transport
A CONSORTIUM of energy companies commissioned NYK to conduct a study on the marine transportation of liquefied carbon dioxide. The consortium comprises Japanese petroleum firm...
New DNV guidelines to validate hydrogen and ammonia claims
CLASSIFICATION society DNV has released new guidelines for validating claims around low-carbon hydrogen and ammonia. Service specification DNV-SE-0654 outlines DNV’s procedures...
Incat Tasmania builds "world's largest" battery electric ship
INCAT Tasmania is building what it claims is the world’s largest lightweight battery electric ship. The Australian shipbuilder is constructing the 130-metre-long ro-pax vessel for...
World Container Index decreases
THE DREWRY World Container Index decreased by 3.5% to $1768.33 per 40-foot this past week week. It has dropped by 70.5% when compared with the same week last year. The latest...
