Human Rights at Sea granted consultative status at UN
THE UNITED Nations Economic and Social Council has granted Human Rights at Sea special consultative status. The UN Economic and Social Council (UN ECOSOC) aims to advance...
Maersk announces new executive team and organisational structure
MAERSK is changing its organisational structure, starting with the appointment of a new executive leadership team. The changes will come into effect on 1 February 2023. They...
Automotive logistics specialist Gefco now part of Ceva Logistics
AUTOMOTIVE logistics specialist Gefco has been integrated with Ceva Logistics, dropping the Gefco branding. The change has enabled Ceva logistics to launch a dedicated finished...
Ship lists, spills boxes at port
GENERAL cargo ship Sea Xpress on Saturday (7 January) listed during cargo operations, spilling containers overboard at Mundra Port in India, according to media reports. About 20...
Air cargo demand softens amid economic headwinds
GLOBAL air cargo demand softened in November 2022, according to the latest data from the International Air Transport Association. Global demand, measured in cargo...
MPV sector looks to a relatively bright 2023: Drewry
MULTIPURPOSE vessel rates are expected to soften through the coming year, but the rate of decline is expected to be less than in competing sectors such as containerships and...
DNV software hit with cyberattack
DNV’s ShipManager software was subject to a cyberattack on Saturday (7 January). The assurance and risk-management company confirmed the cyberattack on Monday (9 January) and said...
Maritime Charities Group welcomes new chair
THE MARITIME Charities Group has appointed Tim Slingsby of Lloyd’s Register Foundation as the charity’s new chair. Mr Slingsby is director of skills and education at Lloyd’s...
Logistics company appoints new executives
LOGISTICS company Geodis has appointed three leaders to its executive committee. On Monday it announced the appointment of Stéphanie Hervé as group executive vice president,...
Inflation and recession biggest concerns for 2023
SUPPLY-chain leaders see inflation and recession as the biggest factors for business in the coming year, according to a recent report from online logistics platform Container...
New study to explore green fleet renewal opportunities
DNV has partnered with a sustainable shipping alliance on a study aimed at decarbonising shipping in the Baltic and North Sea. The classification society and the Responsible...
Approval in principle issued for ammonia barge
CLASSNK has issued an approval in principle for an ammonia floating storage and regasification barge (A-FSRB) jointly developed by NYK Line, Nihon Shipyard (NSY), and IHI...
2022 record year for tanker derivative volumes
THE DERIVATIVES market for clean and dirty tankers saw increased traded volumes in 2022, according to data from the Baltic Exchange. Tanker-forward freight agreement volumes hit...
World Container Index increases for the first time in 43 weeks
DREWRY’S composite World Container Index increased by 0.7% to US$2135.16 per 40-foot container this week – the first increase in 43 weeks. While the index increased this week, it...
Baltic Exchange weekly market report
THE BALTIC Dry Index continued a steep decline this past week, hitting 1130 on Friday. The decline began after the index saw a peak of 1723 on 21 December; it has declined every...
