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)...
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...
