Swire Projects’ new H-Class vessel completes first voyage
SWIRE Projects, the projects and heavy lift shipping services division of Swire Shipping, completed the inaugural voyage of its first of three chartered H-Class vessels, Pacific...
World Container Index decreases yet again
DREWRY’S composite World Container Index decreased by 3% to US$1806.43 per 40-foot container this week. The index has dropped by 80% when compared with the same week last year....
Baltic Exchange weekly market report
THE BALTIC Dry Index has continued on its steep upward trajectory that started at its nadir in mid-February. On Friday, the BDI was 1424, an increase of 17.6% on the week before...
NYK to sell air freight division to ANA
NIPPON Yusen Kabushiki Kaisha announced this week that it would sell its air-cargo division, Nippon Cargo Airlines (NCA), to ANA. The shipping line said the “considerable...
DP World to implement new high-bay container storage system
DP WORLD has announced the first commercial use of its revolutionary Boxbay high-bay storage system at its terminal in Pusan, South Korea. A contract was signed on Wednesday...
Air-cargo demand declines in January
GLOBAL demand for air cargo fell 14.9% (measured in cargo tonne-kilometres) in January compared with the same month last year, according to the latest data from the International...
Shipping line signs decarbonisation agreement with miner
KAWASAKI Kisen Kaisha (K Line) has signed a memorandum of understanding with miner Anglo American to establish a working committee for collaborative research on decarbonisation. K...
IMO welcomes high seas treaty
A TREATY to protect biodiversity in the world’s oceans has been moved closer to ratification, and the International Maritime Organization and the International Chamber of Shipping...
Industry marks International Women’s Day
INTERNATIONAL Women’s Day was marked around the maritime and logistics industry in yesterday. In Sydney, the Supply Chain and Logistics Association of Australia hosted its annual...
ICTSI reports strong 2022
INTERNATIONAL Container Services – parent company of Victoria International Container Terminal – reported increases in throughput, revenue and EBITDA for 2022 in its consolidated...
CMA CGM’s 2022 performance “exceptional”
CMA CGM’s 2022 financial results were largely in line with the other major ocean carriers: gigantic profits in the first half on the back of high freight rates, with a contraction...
Hapag-Lloyd reports huge 2022 financial results, but clouds are gathering
HAPAG-Lloyd’s profits for 2022 reached US$18 billion (€17 billion), but with freight rates on the decline, the company said this year won’t be as spectacular. In 2022, the...
World Container Index decreases yet again
DREWRY’S composite World Container Index decreased by 2% to US$1859.28 per 40-foot container last week. The index is down 80% compared with the same week last year. The latest...
Baltic Exchange weekly market report
THE BALTIC Dry Index saw a sharp uptick over the past week, hitting 1211 on Friday, up from 883 a week before. Friday’s BDI was the highest point since early January, and 128% up...
Steel-cutting ceremony for new MPV
A TRADITIONAL steel-cutting ceremony took place on Wednesday (1 March) at the CSSC Huangpu Wenchong Shipyard in Guangzhou China. The ceremony was celebrating the construction of...
