Orient Overseas International revenue falls from great heights
ORIENT Overseas International has reported a decrease in revenue and profit in its interim results for the first half of 2023. The parent company of ocean carrier OOCL posted a...
Baltic Exchange weekly report
THE BALTIC Dry Index jumped more than 100 points on Thursday to 1247. This was the highest the index has been since 24 May when it was 1295. The BDI this past week declined...
World Container Index posts another week of modest gains
THE LATEST Drewry World Container Index increased by 2.3% to US$1832.48 per 40-foot container this past week. However, the WCI has dropped by 70.6% when compared with the same...
RightShip and NYK link platforms for port state control processes
RIGHTSHIP and NYK Line have linked their digital platforms with an aim to streamline port state control processes. The two companies worked with technology firm Solverminds...
Zim sees grim second quarter
CONTAINER shipping line Zim’s financial results for the second quarter of 2023 show a slight increase in volumes, but revenues and profits falling off a cliff. The company’s net...
Höegh Autoliners to digitalise entire fleet
HÖEGH Autoliners has formalised an agreement to digitalise its entire fleet, including its new Aurora class vessels. Höegh’s agreement with Kongsberg Digital covers the remaining...
DP World aims to increase global capacity
DP WORLD aims to add about 3 million TEU of new container-handling capacity to its international operations by the end of this year. The Dubai-based container terminal operator...
Wallenius Wilhelmsen reports big numbers in Q2
WALLENIUS Wilhelmsen’s second-quarter results – released on Tuesday (15 August) – showed the ro-ro specialist ocean carrier in a strong financial position. The company reported...
AiP issued for ammonia fuel supply system for tanker and containership
CLASSIFICATION society ClassNK has issued an approval in principle for an ammonia fuel supply system for oil tanker and container ship developed by Samsung Heavy Industries....
Hapag-Lloyd profit tumbles in H1
HAPAG-LLOYD’S profit fell 66% in the first half of this year and almost 78% in the second quarter. The company’s first-half profit dropped from US$9.5 billion last year to US$3.1...
World Container Index inches up again
THE LATEST Drewry World Container Index increased by 1.7% to US$1790.60 per 40-foot container this past week. The WCI and has dropped by 72.2% when compared with the same week...
MOL to crew and operate Japan's first arctic research icebreaker
TWO MOL subsidiaries have been chosen to supply crew for Japan’s first arctic research icebreaker and operate the vessel once it is delivered. MOL Ship Management and MOL Marine &...
The DCN Weekly: Episode 60
IN THE news this week, Silk Logistics acquired port and bulk logistics provider Secon in a deal announced last Friday....
Panama shipowners association joins ICS
THE ASSOCIATION of Panamanian Shipowners (ARPA) has joined the International Chamber of Shipping as an associate member. Shipowners and vessel operators launched ARPA in 2020 with...
Government awards grant to boost Aussie veg sales in Europe
THE AUSTRALIAN government has announced a grant to improve market access for Australian vegetables in Europe. The government awarded Australia’s peak body for vegetable growers,...
