The Baltic Exchange weekly market report
The Baltic Dry Index saw a calm week last week, continuing a period of relative calm and extending its plateau out one more week. The index was 1558 on Friday (5 May), down ever...
63 alternative fuel vessels ordered this year
IN APRIL, 19 vessels with alternative fuel propulsion were ordered, according to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform. Of those vessels ordered,...
Global air-cargo demand continues decline in March
GLOBAL demand for air-cargo services decreased 7.7% in March (down 8.1% for international operations), compared with the same month last year. The International Air Transport...
Wärtsilä and DNV roll out platform partnership on fleet
WÄRTSILÄ is integrating its fleet optimisation tool with an industry cloud platform built by DNV. Under their partnership, the companies are rolling out the connection across the...
Video series to help educate about the CII
THE GLOBAL Industry Alliance to Support Low Carbon Shipping has developed a series of videos to help educate industry about the Carbon Intensity Indicator. The videos – free to...
IMO to trial green shipping corridor cluster
THE INTERNATIONAL Maritime Organization plans to implement a pilot green shipping corridor cluster project proposed by Lloyd’s Register Maritime Decarbonisation Hub. LR MDH...
SMF and shipping lines launch workforce transformation tool
THE SINGAPORE Maritime Foundation, Pacific International Lines and Pacific Carriers have launched a guidebook that aims to attract more talent to the shipping industry. The...
FIATA called on to accelerate single global air program
THE FEDERATION of Asia Pacific Aircargo Associations (FAPAA) called on the International Federation of Freight Forwarders Associations (FIATA) to move faster on establishing a...
Slow career progression a pain point for women at sea: report
WOMEN are struggling with slower career progression, challenging social relations and physical conditions at sea, a new study has found. The Global Maritime Forum and the All...
The Baltic Exchange weekly report
THE BALTIC Dry Index hit 1576 on Friday, continuing a plateau after a significant dip in the previous months. The Baltic Dry Index for the week ending 29 April 2023. Source:...
MPA partners with class and tech companies on vision for maritime industry
THE MARITIME and Port Authority of Singapore and eight classification societies have signed a letter of intent to collaborate in areas of digitalisation and decarbonisation. MPA,...
120kg cocaine haul at Port Botany
AUSTRALIAN Border Force officers seized 120 kilograms of cocaine at the Sydney Container Examination Facility on Tuesday (25 April). The ABF said it has been targeting border...
Spirit Super and Stonepeak close GeelongPort acquisition
SPIRIT Super and Stonepeak have completed their acquisition of GeelongPort. Spirit Super, an Australian industry super fund and Stonepeak, a US investment firm, in November last...
G7 countries target net-zero shipping by 2050
THE G7 ministers of climate, energy and the environment have agreed to strengthen efforts to reach zero-emissions shipping by 2050. Ministers representing Canada, France, Germany,...
Drones to deliver cash to ships
DRONE logistics company Skyports Drone Services is adding cash-to-master services to its suite of ship-to-shore services. The CTM service was announced today at the annual...
