Baltic Exchange weekly market report
THE BALTIC Dry Index continued its decline last week, hitting a nadir of 530 on Thursday (16 February) before inching up to 538 on Friday – 11% down on a week prior. The Baltic...
Contract signed for hybrid ro-ro vessels
GRIMALDI Group and Kongsberg Maritime signed a deal for the supply of engineering and technology for two new 7800-line metre ro-ro vessels. They are to be built at China Merchant...
GreenPorts Congress Oceania unpacks the elements of sustainability
DAY two of GreenPorts Congress Oceania 2023 explored some of the most important and challenging aspects of sustainability in the ports sector. This is the first time the...
MSC, others commit to eBLs
MSC announced it would transition to 100% use of standardised electronic bills of lading by 2030, with an intermediate target of 50% within five years. MSC CEO Soren Toft said he...
Kpler acquires two ship-tracking websites
KPLER – a provider of commodities data and analytics – announced it acquired MarineTraffic and FleetMon, two providers of global ship-tracking data and maritime analytics. The...
Inaugural GreenPort Congress underway in Newcastle
THE INAUGURAL GreenPort Congress Oceania kicked off in Newcastle this week. Delegates from around the world travelled to the port city for the long-running industry gathering,...
Voyage optimisation can extend CII compliance by years, study finds
RESEARCH from ClassNK suggests voyage optimisation can help ships reduce emissions by 7.3% and extend their carbon intensity indicator ratings by up to three years. The...
UN and industry push for protection of seafarers in health crises
A UNITED Nations and industry action group has published recommendations for protecting transport workers, including seafarers, in public health emergencies. The joint action...
IMO launches future fuels assessment project
THE INTERNATIONAL Maritime Organization has launched a project that aims to assess the availability and preparedness of future low- and zero-carbon marine fuels and technology....
Inflatable wing sail system receives AiP
DNV has awarded its first approval in principle for an inflatable wing sail system for cargo ships. French company Michelin Group developed the automated, retractable wing sail...
Svitzer Australia CCO appointed global head of green ports
SVITZER Australia chief commercial officer Ivan Spanjic has been appointed Svitzer’s first global head of green ports. The global towage company created the new Green Ports role...
Baltic Exchange weekly market report
THE BALTIC Dry Index ended on 602 on Friday (10 February), down from 621 a week earlier. The sharp decline that started in late December appears to be softening. The Baltic Dry...
Maersk reports colossal 2022 profits and a big decrease in 2023
MAERSK expects the global ocean container market to decrease by up to 2.5% in 2023, according to its financial report for 2022. The company expects its underlying EBITDA for 2023...
Piracy still a risk in Western Indian Ocean, IMO warns
THE INTERNATIONAL Maritime Organization is urging the shipping industry to stay alert to piracy in the Western Indian Ocean. The IMO and EU Naval Force Operation (EUNAVFOR)...
Wärtsilä finishes “industry-first” retrofit
WÄRTSILÄ has completed what it said was the maritime “industry’s first-ever shaft generator retrofit”. Wärtsilä retrofitted an inline shaft generator on Berge Toubkal, a cape-size...
