CMA CGM partners with local port authority for pollution prevention
THE CMA CGM Group has launched a program called Prévention de la Pollution in collaboration with SODEMO, a semi-public company tasked with the development and maintenance of Port...
Transport minister represents Australia on IMO visit
FEDERAL minister for infrastructure and transport Catherine King is meeting with the International Maritime Organization to reinforce Australia’s role as a member state ahead of...
World Container Index posts uptick
DREWRY’S composite World Container Index increased by 0.9% this past week to US$1488.13 per 40-foot container. However, compared with the same week in 2022, the index has dropped...
Zim slashes full-year 2023 outlook
CONTAINER liner company Zim has adjusted its full-year outlook for 2023; the company is expecting an EBIT loss of $500 million to $100 million, down from its previous guidance of...
Piracy risk rises in Gulf of Guinea and Singapore Straits
THE ICC International Maritime Bureau has warned of a resurgence of piracy and armed robbery in the Gulf of Guinea and the Singapore Straits. In its latest mid-year report, IMB...
Maersk takes delivery of first methanol containership
MAERSK has taken delivery of its first containership that can run on green methanol. HMD Hull #4168 was built by Hyundai Mipo Dockyard Co. and Hyundai Heavy Industries Co. in...
Smart containers to make up 30% of global box fleet by 2027: report
THE NUMBER of telematics-enabled shipping containers in the global fleet is forecast to grow sixfold over the next five years, according to the Container Census & Leasing Annual...
Global demurrage and detention charges on the decline: report
AVERAGE demurrage and detention charges have seen a year-on-year decline of 25%, according to the annual Demurrage and Detention Charges Benchmark Report 2023, published by...
IMO adopts a new GHG reduction strategy
MEMBER states of the International Maritime Organization adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships. The revised strategy includes what the IMO called...
WCI continues steady decline
THE WORLD Container Index decreased by 1.3% this past week to $1474.32 per 40-foot container. The index and has dropped by 79.1% when compared with the same week last year. The...
Baltic Exchange weekly report
THE BALTIC Dry Index ended last week at 1009. This was down 5.5% on Monday’s index, but up from a low of 993 on Thursday. The Baltic Dry Index for the week ending 7 July 2023....
Svitzer tugs to run on vegetable oil
SVITZER has signed an agreement to fuel a fleet of tugs with hydrogenated vegetable oil (HVO). The towage provider on entered an EcoTow agreement with South Hook, an LNG terminal...
ICTSI launches decarbonisation initiative
INTERNATIONAL Container Terminal Services has launched an initiative to define its decarbonisation strategy. The Climate Change Action Initiative involves developing a roadmap...
Air freight data shows weak market conditions
GLOBAL air cargo data for May shows weakening market conditions. According to the International Air Transport Association, global demand, measured in cargo tonne-kilometres, fell...
OOCL revenue plummets 63% in second quarter
ORIENT Overseas International has reported a 62.6% decrease in total revenue for Orient Overseas Container Line for the second quarter of 2023. The Hong-Kong headquartered company...
