Hapag-Lloyd announces “extraordinarily” strong 2022 results
HAPAG-Lloyd’s profits soared last year, according to its preliminary and unaudited figures for the 2022 financial year. The company’s earnings before interest, taxes,...
Flag states improve welfare reporting, ICS performance table shows
FLAG states have become more active in reporting seafarer labour standards in 2022 and 2023, the International Chamber of Shipping has found. The ICS published its 2022/23...
IMO updates underwater noise guidelines
THE INTERNATIONAL Maritime Organization is updating its guidelines for the reduction of underwater noise from commercial shipping. The IMO Sub-Committee on Ship Design and...
Deadline set for compulsory maritime single windows
MARITIME single windows will be mandatory for ports around the world from 1 January 2024, the International Maritime Organization has confirmed. The IMO announced in May last year...
Marine insurers' portfolios not in line with climate goals: report
EIGHT marine insurers have published data to understand how their hull and machinery insurance portfolios are tracking against the shipping industry’s climate targets. Insurers...
AIP received for ammonia-powered bulk carrier
CLASSNK has given approval in principle for the design of an ammonia-powered bulk carrier. Mitsui OSK Lines, Mitsui and Mitsubishi Shipbuilding jointly designed the vessel, which...
The DCN Weekly: Episode 32
IN THE news this week, Maersk and MSC announced the end of their 2M alliance in 2025. https://open.spotify.com/episode/0Afrvj5Acuuhq7OnLilNBc?si=297f2149d4c74cda The...
Baltic Exchange weekly market report
THE BALTIC Dry Index continued its fall last week, hitting a new nadir of 676 on Friday (27 January). This was a decrease of 11.4% on the previous Friday. The BDI has not been at...
2M to end in 2025
MAERSK and MSC will end the 2M alliance in January 2025. The vessel-sharing agreement began in 2015, with the two companies saying its aim was to ensure competitive and...
BV carries out 3D model-based class approval
CLASSIFICATION society Bureau Veritas has reviewed a 3D design of a 2500-cubic-metre hopper dredger from Damen Shipyards, a step to granting it approval in principle. The pilot...
WiseTech to acquire landside logistics software platform
WISETECH Global is to acquire Envase Technologies, a transport management software provider, for US$230 million (around $326.5 million). Headquartered in the United States, Envase...
Will higher steel values mean dry bulk carriers hold their value?
ANALYSIS of the dry bulk carrier values undertaken by consultancy Zuoz Industrial, and commissioned by the Baltic Exchange, looks at the potential impact of longer-term higher...
Marine insurers to merge next month
P&I CLUBS North and Standard Club have received all the approvals they need to merge as NorthStandard next month. The marine insurers said the merger will position them as one of...
ICS launches diversity toolkit for maritime
THE INTERNATIONAL Chamber of Shipping has published its first publication on diversity and inclusion in the maritime industry to aid businesses and organisations with best...
Ceva and Project44 partner for ocean shipment visibility
CEVA Logistics said an agreement through a partnership with supply-chain visibility platform provider Project44. The global ocean agreement follows the one between the two...
