Baltic Exchange weekly market report
THE BALTIC Dry Index ended the week on 1504, up 5% from 1435 posted on the previous Friday. The Baltic Dry Index for the week ending on 21 April 2023. Source: Baltic Exchange...
Drewry container index posts first increase in 15 weeks
DREWRY’S composite World Container Index has increased for the first time in 15 weeks. The WCI increased by 4% to US$1774 per 40-foot container. However, the index is 77% lower...
DNV launches maritime emissions data platform
DNV has launched a platform designed to help the maritime industry asses and work with emissions data. Emissions Connect is an emissions data verification engine and data...
Zim welcomes new containerships into LNG-fuelled fleet
ZIM has welcomed two new containerships into its growing fleet of LNG-fuelled vessels. Zim Mount Everest and Zim Mount Blanc are the second and third ships in a series of ten...
AMC Search and automation company enter AI training partnership
AMC Search has partnered with a UK automation company to deliver AI-based training for autonomous shipping. The Australian Maritime College’s AMC Search and Southampton-based...
Provaris' hydrogen floating storage unit receives AiP
ASX-LISTED energy company Provaris has received an approval in principle for a hydrogen floating storage unit. The American Bureau of Shipping issued the AiP for the so-called...
CMA CGM proposes Bolloré Logistics acquisition
CMA CGM has offered to acquire the Bolloré group’s logistics and transportation business, Bolloré Logistics. The two groups have commenced negotiations around CMA CGM’s proposed...
LR and ClassNK award AiP for ammonia-fuelled gas carrier
LLOYD’S Register and ClassNK have issued approvals in principle for an ammonia-fuelled liquefied gas carrier. Mitsui O.S.K. Lines, Mitsui E&S Shipbuilding and Tsuneishi...
IMB records lowest piracy levels since 1993
THE ICC International Maritime Bureau has recorded its lowest level of piracy and armed robbery incidents since 1993. Twenty-seven incidents were reported in the first quarter of...
Baltic Exchange weekly market report
THE BALTIC Dry Index declined over the past week to 1435 on Friday 14 April. This was an 8% decrease from the previous Thursday’s 1560 (reported ahead of the long weekend). The...
Port of Newcastle named finalist for World Hydrogen Awards
PORT of Newcastle is in the running for the Port of the Future Award at the World Hydrogen Awards in the Netherlands next month. The port is one of four finalists for the award....
MOL joins methane abatement coalition
MITSUI O.S.K Lines has joined an initiative tasked with reducing the global maritime industry’s methane emissions. The Methane Abatement in Maritime Innovation Initiative (MAMII)...
Wärtsilä and Höegh LNG partner on ammonia project
WÄRTSILÄ and Höegh LNG have received funding to develop a system that converts ammonia back into hydrogen. The system would then be installed on a Höegh LNG vessel. The Norwegian...
Officers awarded for 60-container meth bust
FOUR police officers have been awarded for their roles in a drug investigation that saw 60 shipping containers of meth seized in Papua New Guinea. The Australian Federal Police,...
Cargo.one unveils new digital platform
DIGITAL air cargo bookings marketplace cargo.one has launched a new platform designed for freight forwarders and import and export agents. The company said the platform, cargo.one...
