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...
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...
