Australia-UK FTA a step closer to reality
THE AUSTRALIA-United Kingdom Free Trade Agreement will come into effect soon, after the enabling legislation in the UK received Royal Assent. The agreement will enter into force...
IMO agreement to reduce maritime emissions in developing countries
A MEMORANDUM of understanding signed at an International Maritime Organization working group aims to help developing countries reduce emissions from ships and ports. The IMO,...
World Container Index continues to tumble
THE DREWRY World Container Index fell by 2% to US$1756.83 per 40-foot container this past week. The composite index has dropped by 79% when compared with the same week last year...
Baltic Exchange weekly market report
THE BALTIC Dry Index ended last week at 1489/ This was down slightly on the previous Friday (1535) but still well above the recent nadir of 530 on 16 February. Capesize The...
DSV to acquire two US-based logistics firms
DENMARK-based logistics giant DSV is to acquire US-based transport and logistics companies S&M Moving Systems West and Global Diversity Logistics. DSV said the acquisitions would...
Oldendorff appoints new CEO
OLDENDORFF Carriers has appointed Patrick Hutchins as its new president and chief executive officer, effective 21 March. Mr Hutchins succeeds Peter Twiss, who is retiring after 28...
IMO calls on maritime community to fight racism
THE INTERNATIONAL Maritime Organization is calling for the maritime community to combat racism and discrimination. IMO secretary-general Kitack Lim issued a message to the...
AMSA bans Netherlands-flagged ship
THE AUSTRALIAN Maritime Safety Authority has banned the Netherlands-flagged general cargo ship Flevogracht (IMO 9509956) for 90 days. AMSA detained the vessel, operated by the...
Maersk launches Europe-China air freight service
MAERSK has launched a new air freight service between Denmark and China. The inaugural flight on the Eurasia service took off on Monday (20 March). The service will continue with...
WiseTech launches freight forwarding diploma
WISETECH Academy, the online training arm of WiseTech Global, has launched a Diploma of International Freight Forwarding. The diploma was developed to prepare students around the...
Maersk to divest Maersk Supply Service
A.P. MOLLER – Maersk has announced plans to divest Maersk Supply Service, its offshore marine service company. Valued at US$685 million, the sale of the MSS business would...
PSA International’s 2022 volumes decline, revenues increase
PSA International, the Singapore-based port operator, posted a decrease in volumes over 2022, but increases in revenue and profits. The company’s flagship operations are in...
MSC and Global Centre for Maritime Decarbonisation enter five-year partnership
MSC has agreed to contribute to the Global Centre for Maritime Decarbonisation's resources and projects under a five-year partnership. The Impact Partnership agreement aims to...
Satellite comms company expands coverage with WA sites
INMARSAT’S I-6 F1 satellite has connected to new ground stations in Perth and Merredin, Western Australia, which the company says will upgrade its communications availability in...
World Container Index decreases again
THE WORLD Container Index, published by Drewry, decreased by 1% this past week, and has fallen by 80% when compared with the same week last year. The composite index for this week...
