Wiseway 1H results improve on previous half
ASX-listed freight and logistics operator Wiseway said its first-half results showed a “turnaround” in its Australian business compared with the previous six-month period. Over...
HFW gets behind drive to recognise human rights at sea
LAW firm HFW has put its support behind the development of a new Geneva Declaration to define and defend the human rights of the global maritime population. The global law firm...
Global trade outperformed predictions for 2022: WTO
GLOBAL trade remained resilient and performed better than pessimistic predictions for 2022, according to a new World Trade Organization note. The note said economies greatly...
Geodis reports profitability increases in 2022
INTERNATIONAL freight forwarding and logistics company Geodis reported big increases in revenues and profits for 2022. The company’s revenues for the years were €13.7 billion, up...
Austal posts revenue growth and earnings loss
AUSTAL has posted revenue growth for the first half of the 2023 financial year, but a “disappointing” earnings loss. The Australian shipbuilder’s revenue increased by 7% in the...
Baltic Exchange weekly market report
THE BALTIC Dry Index last week posted a turnaround from its months-long freefall. The index inched upward throughout last week to hit 883 on Friday. This was 64% above the end of...
Sustainable biofuels supply chain trial complete
THE Global Centre for Maritime Decarbonisation has completed trialling two supply chains of biofuel blends sourced from different origins. According to a statement from the GCMD,...
Shipping community calls for release of seafarers still trapped in Ukraine
SHIPPING companies, maritime agencies and seafarer welfare providers have issued a joint letter calling on for the immediate release of 331 seafarers and 62 ships still trapped in...
NorthStandard officially open for business
NORTHSTANDARD has officially opened for business after the merger of P&I clubs North and Standard Club. The new entity is headquartered in the UK and has offices throughout...
ONE teams up with Sony on smart container technology
OCEAN Network Express has announced plans to introduce smart container technology into its global fleet of containers. The shipping line has partnered with Sony Network...
Maersk divests assets in Russia under exit plan
MAERSK has agreed to divest two logistics sites in Russia as part of its 2022 decision to discontinue its operations in the country. It is selling its facilities in St Petersburg...
Wellard reports first-half loss
LIVE export company Wellard reported a loss of US$5 million in the first half of the 2023 financial year. The company said Australian cattle export volumes were at the lowest...
Wilhelmsen Port Services acquires port agent
WILHELMSEN Port Services has acquired European port agent Vopak Agencies and a portion of its software company. Wilhelmsen announced the acquisition in October last year. As part...
IMO considers adding digits to ship numbers
THE INTERNATIONAL Maritime Organization is considering a proposal to increase the number of digits used in the IMO Ship Identification Number Scheme from seven to eight. The IMO...
WiseTech Global acquires intermodal platform provider
WISETECH Global has acquired US company Blume Global for US$414 million. A press release from WiseTech said Blume is a “provider of a leading solution facilitating intermodal rail...
