UK and French governments launch charters to improve crew welfare
GOVERNMENTS of the United Kingdom and France have launched charters that aim to improve the wages and working conditions of seafarers. The UK government on 24 July launched its...
Kuehne + Nagel reports “solid” first half results
SWISS transport and logistics giant Kuehne + Nagel reported what it said were “solid” results in a “challenging market environment”. Net turnover for the first six months of 2023...
Marika Calfas joins TT Club board
FREIGHT insurer TT Club has appointed NSW Ports chief executive officer Marika Calfas to the board. Ms Calfas is one of four board appointments the insurer announced on Monday...
NYK bulk carrier equipped with group's first Econowind sail
NYK Line’s bulk shipping business NYK Bulkship (Atlantic) is to install a wind-assisted propulsion unit on a bulk carrier. The installation would be a first for the NYK group. The...
DSV upgrades outlook on first-half results
DANISH logistics colossus DSV reported what it said were a “solid” set of results despite soft market conditions for the first half of 2023. The company’s gross profit was down...
Japanese fully autonomous ship project moves to stage two
A PROJECT that aims for the full commercialisation of autonomous ship technology by 2025 is moving into its second stage. Three NYK Group companies – NYK, Japan Marine Science and...
Baltic Exchange weekly report
THE BALTIC Dry Index ended the week past at 978. This was down slightly from where it started the week – 1073 on Monday, and it is also down 10% on the previous Friday. The Baltic...
Ministers adopt new initiative to scale low-carbon fuel production
THE CLAEN Energy Ministerial has adopted the Clean Energy Marine Hubs Initiative (CEM-Hubs) at a summit in Goa, India. The platform brought together the private sector and...
World Container Index increases second week in a row
THE WORLD Container index increased this past week by 3.3% to US$1536.86 per 40-foot container. The index, which measures weekly ocean freight rate movements of 40-foot containers...
Maersk opens new air cargo hub
MAERSK has inaugurated a new strategic air cargo hub in the United States, expanding the company’s air freight services. The new freight gateway in Atlanta is intended as a...
QLD ports gear up for Talisman Sabre military exercise
QUEENSLAND ports will host visiting warships over the coming weeks as the military exercise Talisman Sabre unfolds along the state’s coast. Exercise Talisman Sabre is the largest...
IMO elects new secretary-general
THE INTERNATIONAL Maritime Organization council has elected Arsenio Antonio Dominguez Velasco as the next IMO secretary-general. Mr Dominguez Velasco, from Panama, was one of...
Revised container inspection criteria aims to tackle contamination
THE INTERNATIONAL Chamber of Shipping has announced an update to the Unified Container Inspection & Repair Criteria that aims to address pest contamination in containers. The ICS...
Forecast indicates continued rate corrosion for shipping industry
NEW data from Container xChange suggests the shipping industry is entering the third quarter with continued rate corrosion as negative market sentiment persists ahead of an...
GMF considers new crew change indicator post-Covid
THE GLOBAL Maritime Forum is considering launching a Neptune Indicator 2.0 to collect and communicate data on seafarer wellbeing. GMF began publishing the monthly (now quarterly)...
