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...
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...
