275 alternative-fuelled ships ordered in 2022
TWO hundred seventy five ships with alternative fuels (excluding battery-operated vessels) were ordered in 2022, according to DNV’s recently published Alternative Fuels Insight...
Satellite to detect uncooperative vessels at sea launched
UNSEENLABS this week launched its eighth satellite dedicated to the location of vessels at sea from space. Unseenlabs is a company that specialises in detecting radio frequency...
China Shipowners’ Association joins ICS
THE CHINA Shipowners’ Association has joined the International Chamber of Shipping as a full member. The CSA is to join the ICS Board, which oversees the policy positions ICS...
Global assurance provider to acquire Australasian ESG specialist
LRQA, a global assurance provider, is to acquire Sustainable Assurance Solutions (SAS), a provider of supply-chain sustainability audit, consulting and training services based in...
Toll opens Belgium office
TOLL Group officially opened a new office in Belgium last month. Toll Group said it had been present in the country since 2009, serving customers through its office in the...
Top five global container lines control more than 64% of global capacity
AT the turn of the new year MSC is by far the largest ocean carrier by TEU capacity, followed by Maersk, then CMA CGM and COSCO, according to the latest available data from...
PIL joins MACN
PACIFIC International Lines is now a member of the Maritime Anti-Corruption Network. In a statement PIL said: “By joining MACN, PIL conveys its strong support of anti-corruption...
Maersk completes acquisition of project logistics company
MAERSK on Tuesday (3 January) announced it had completed the US$61-million acquisition of the Danish project logistics specialist Martin Bencher Group. Maersk regional managing...
ONE to acquire controlling stakes in three container terminals
OCEAN Network Express has signed deals to acquire controlling stakes in three container terminals on the US West Coast. ONE is to acquire a 51% stake in each of TriPac and Yusen...
Wiseway cancels jet lease agreement
ASX-listed logistics and freight company Wiseway Group is cancelling an aircraft lease agreement announced in August. The company announced it would lease a Boeing 737-800. The...
New leadership at shipping company
WALLENIUS Wilhelmsen has appointed Pia Synnerman as its new chief customer officer. Ms Synnerman joined the company in 2021 as head of sales to EMEA. She will step into her new...
BIMCO CII clause for time charters – the dust begins to settle
By Reed Smith transportation lawyers Nick Austin, Mike Adamson and Laura Hyne JUST as there is no easy route to decarbonisation, there is no straightforward way of balancing a...
Construction begins on Spirit of Tasmania V
CONSTRUCTION has officially commenced on Spirit of Tasmania V in Finland. Finnish shipbuilder Rauma Marine Constructions began work on the vessel at a steel cutting ceremony on...
UNCTAD forecasts global trade record and a tough year ahead
THE UNITED Nations Conference on Trade and Development forecasts a record $32 trillion for global trade value in 2022, but the upwards trend has taken a turn. UNCTAD’s latest...
Baltic Exchange weekly market report
THE BALTIC Dry Index rounded out last week on a high, hitting 1560, the highest it has been since late October. The Baltic Dry Index for the week ending 16 December 2022. Source:...
