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...
UK organisations form seafarers' welfare coalition
A GROUP of seafarers’ welfare organisations in the UK have formed a coalition that aims to address abuse, bullying, harassment, discrimination and violence at sea. The Seafarers’...
AI-based voyage planning trial concludes
YARA Marine Technologies has concluded trials of an AI-based semi-autonomous voyage planning system. The so-called Via Kaizen project looked at a how AI and machine learning could...
New global sea freight director at logistics company
RÖHLIG Logistics has appointed Simon Albrecht as global sea freight director. Mr Albrecht stepped into the role on 1 July and reports to Hylton Gray, CEO of sea freight, air...
ICS launches ship recycling guide
THE INTERNATIONAL Chamber of Shipping has launched a new ship recycling guide designed to help shipowners comply with new regulations. The publication follows the announcement in...
New logistics joint venture comes to Australia
Bertling Logistics and Clemenger International Freight have formed a new joint-venture company to work in the Australian market. Bertling is a global shipping and logistics...
Companies to develop book-and-claim systems for decarbonisation
OLDENDORFF, Hapag-Lloyd and ONE are among nine companies that intend to develop a book-and-claim chain of custody systems to speed up early phases of maritime decarbonisation....
Aussie-made fire tech installed on spirits of Tasmania
TASMANIAN-made fire safety technology is being installed on the new Spirit of Tasmania ferries. TT-Line said the two new vessels, currently under construction in Finland, will be...
Baltic Exchange weekly report
THE BALTIC Dry Index continued its downward trend this past week. The BDI stood at 1233 on Monday (xx June) and ended the week at 1091 on Friday, a 11.5% decline on the start of...
World Container Index continues steady decline
THE DREWRY World Container Index decreased week-on-week by 2.7% to $1494.46 per 40-foot container this past week. The composite index has dropped by 78.9% when compared with the...
