Baltic Exchange weekly report
THE BALTIC Dry Index last week increased, hitting 1186 on Friday. However, the index has remained relatively flat since declining from a peak in late April. Capesize The Capesize...
Maritime insurers join initiative to improve cargo safety
MARITIME insurers UK P&I Club and TT Club have signed up for Safetytech Accelerator’s Cargo Fire & Loss Innovation Initiative (CFLII). Safetytech Accelerator launched the...
C-suite appointment at logistics giant
INTERNATIONAL logistics giant Geodis has appointed Xavier Avrard as chief strategy officer. He will be a member of the broup’s management board, under the chairmanship of Geodis...
Zim enters operational agreement with MSC
ZIM has entered a new operational co-operation agreement with MSC on several trade routes, including services that call Australian ports. The agreement follows an announcement...
Design for world's largest LNG carrier granted AiP
DNV has granted an approval in principle for the design of what it said would be the largest LNG carrier in the world. The classification society presented the AiP to shipbuilding...
Trade alliance launches declaration on universal eBL
THE FUTURE International Trade Alliance has launched a declaration that aims to promote the adoption of the electronic bill of lading. The FIT Alliance was formed in 2022 to...
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...
