Hapag-Lloyd Q1 results down across the board
HAPAG-Lloyd has posted declines in revenue, freight rates and volumes for the first quarter of 2023. The company concluded the first quarter with an EBITDA of US$2.4 billion, down...
Sydney man sentenced for air freight meth haul
A SYDNEY man has been sentenced to 11 years in jail for his role in a plan to import 100 kilograms of meth into Australia in air cargo. The drugs were intercepted in Canada; the...
Baltic Exchange weekly market report
THE BALTIC Dry Index last week declined slightly after a mid-week peak. The index started the week at 1598, increased to the mid 1600s before ending the week at 1558 on Friday (12...
Decrease in world container index
DREWRY’S composite World Container Index decreased by 1% last week to $1741.44 per 40-foot container this week. The index has dropped by 77% when compared with the same week last...
New leadership for the Sea Cargo Charter
THE 36 signatories of the Sea Cargo Charter Association elected new steering committee members at its 2023 annual meeting held in Copenhagen. The Sea Cargo Charter is a global...
IMO joins WHO for pandemic preparedness
THE INTERNATIONAL Maritime Organization is participating in global efforts led by the World Health Organization to better prepare for possible future disease pandemics. Before the...
Inmarsat acquisition takes step forward
GLOBAL communications company Viasat is working to acquire Inmarsat, which provides global mobile satellite communications services. Inmarsat says it is working to enable the...
Revenue and profit up at NYK
NYK Group has reported increases in revenue and profit for the 12 months to 31 March 2023. The group’s revenue for the fiscal year was ¥2.616 trillion (around $28.6 billion), a...
CMA CGM commits to €5 billion acquisition of logistics business
CMA CGM has committed to buying 100% of Bolloré Logistics for €5 billion (around $8.15 billion). Bolloré Logistics is the transport and logistics division of the Bolloré Group,...
Aussie company looks towards Norwegian hydrogen exports
AUSTRALIAN hydrogen specialist Provaris Energy has demonstrated the potential for low-cost delivery of green hydrogen from Norway, commencing in 2027. The ASX-listed company has...
Man jailed over "putrid" meth haul in container full of cow skins
A MAN was sentenced to 22 years in jail for attempting to import 668 kilograms of methamphetamine into Australia in a shipping container full of rotting, raw cow hides. The...
ICTSI first-quarter results show increases
INTERNATIONAL Container Terminal Services reported an increase in revenues, net income and EBITDA in its first-quarter financial results. ICTSI operates 33 terminals, including...
Shipping company sponsors new penguin centre
OCEAN Network Express is sponsoring the penguin centre of a new wildlife park in Singapore. The so-called Ocean Network Express Penguin Cove is located in the Bird Paradise...
Meth consignment picked up at Botany freight forwarding company
A MAN has been charged after he collected a consignment of drugs from a freight forwarding company in Botany. The Sydney man allegedly imported 137 kilograms of methamphetamine...
Seafarers Happiness Index declines in Q1 2023
CREW satisfaction levels dropped in the first quarter of 2023, the latest Seafarers Happiness Index report has found. Published by the Mission to Seafarers, the quarterly report...
