Baltic Exchange weekly report
THE BALTIC Dry Index saw a steady increase over the past week, rising from 1065 on Monday to 1240 on Friday (23 June). This is a continuation, albeit on a sharper incline, of the...
World Container Index continues to fall
DREWRY’S composite World Container Index decreased by 3.5% to US$1535.75 per 40-foot container this week. The index has dropped by 78.9% compared with the same week last year. It...
Maersk to convert ship to run on methanol
MAERSK is getting ready to retrofit an existing containership with a methanol dual-fuel engine. It claims the conversion will be a first for the shipping industry. The conversion,...
Wallenius Wilhelmsen enters biofuel partnership with ExxonMobil
WALLENIUS Wilhelmsen has signed a biofuel contract with ExxonMobil with a goal to reduce emissions in the shipping industry. The contract entails the delivery of sustainable...
IMO talks blue economy decarbonisation challenges at UNCTAD session
THE INTENRATIONAL Maritime Organization provided input on challenges for maritime transport at a recent meeting of the United Nations Conference on Trade and Development. The...
DNV to acquire cybersecurity firm
DNV has announced plans to fully acquire cybersecurity firm Nixu, a move it believes will build cyber resilience in the maritime industry. A recent public tender offer saw DNV...
Maersk announces new aircraft and additional air cargo services
MAERSK is increasing the frequency of air cargo flights and is adding a new cargo aircraft to its fleet. Maersk’s air cargo network currently services mainland China, Southeast...
ICS welcomes UN adoption of High Seas Treaty
THE UNITED Nations has formally adopted the High Seas Treaty, a marine biodiversity agreement supported by the International Chamber of Shipping and the International Maritime...
GCMD joins Clean Energy Marine Hub initiative
THE GLOBAL Centre for Maritime Decarbonisation has joined the Clean Energy Marine Hub (CEM) initiative. The CEM Hub initiative aims to advance the production, transport and use of...
All Aboard Alliance releases first insights report
MARITIME companies are aligning diversity, equity and inclusion with their business strategies but are still maturing in equipping employees to reflect those traits in the...
ONE to equip reefers with telematic devices
OCEAN Network Express has announced plans to install telematic devices across its reefer fleet. The devices would allow ONE to monitor conditions in reefer containers, such as...
HMM adds stop to service
Photo] MV. Hyundai Shanghai, deployed on FIL service, called at New Priok Container Terminal One(NPCT1) in Jakarta, Indonesia. HMM has launched a new stop in Indonesia on its FIL...
ICS welcomes Bangladesh’s ratification of ship recycling convention
BANGLADESH has ratified the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships. The International Chamber of Shipping has welcomed what...
Drugs in plastic pallets seized in Australia, US, Hong Kong and NZ
THE AUSTRALIAN Federal Police have charged three men in Sydney as part of an investigation into a Mexican organised crime syndicate that police suspect imports hundreds of...
Baltic Exchange weekly report
THE BALTIC Dry Index last week saw some fluctuation over the past week, but relative to previous weeks, there was little movement. The BDI started out on Monday (12 June) at 1056,...
