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...
BIMCO targets eBLs in bulk
THE BALTIC and International Maritime Council has launched a commitment by bulk shippers to increase the use of electronic bills of lading. The “25 by 25 pledge” commits some of...
Baltic Exchange weekly market report
THE BALTIC Dry Index ended the week on 1535, up 8% from 1424 posted on the previous Friday. The BDI this week saw a turnaround from its sharp incline over the past month. Baltic...
ONE orders 10 big containerships
OCEAN Network Express has ordered 10 new 13,700-TEU containerships. The company said the new vessels would be delivered in 2025 and 2026. In a statement, ONE said the order was in...
Dachser acquires Aussie freight forwarder
GERMAN logistics company Dachser has acquired ACA International, an air and sea freight forwarding company headquartered in Melbourne. A statement from Dachser said it would...
Zim reports a big year, dismal fourth quarter
ZIM posted big earnings for 2022, but by the fourth quarter of the year, earnings had fallen off a cliff. The Israeli shipping company posted a net income of US$417 million for...
Floating ammonia production unit receives AiP
DNV has issued an approval in principle for a floating ammonia production unit. Dutch offshore energy company SwitcH2 and Norwegian company BW Offshore are developing the...
Big ship delivered
MSC has taken delivery of the 24,116-TEU MSC Tessa, said to be the largest containership completed and in service. China State Shipbuilding Corporation subsidiary Hudong-Zhonghua...
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...
