Air cargo performance declines in 2022
AIR cargo demand in 2022 took “a significant step back” from 2021 levels and was close to 2019 performance, the International Air Transport Association has found. The latest air...
Coal demand high, set to decrease: IEA
GLOBAL coal use rose 1.2% in 2022, going beyond 8 billion tonnes in a single year for the first time, according to a report, Coal 2022, from the International Energy Agency. The...
Freight volumes drop at DSV while profits rise
DANISH logistics giant DSV has reported a decline in transport volumes in the second half of 2022, but profits have increased. The company said it delivered strong results in...
Baltic Exchange weekly market report
THE BALTIC Dry Index hit yet another nadir on Friday (3 February) when the index was 621. This was a decrease of 8% on the previous Friday and a decrease of 50% on one month ago...
Last B 747-8 freighter rolls off the line
APEX Logistics, a subsidiary of Kuehne+Nagel, has taken delivery the last Boeing 747-8 freighter as part of a long-term charter agreement with Atlas Air. After a half-century...
Seafarer happiness on the up in 2022: report
THE LATEST Seafarers Happiness Index report reveals average seafarer happiness levels in the last quarter of 2022 reached 7.69/10, up from 7.3, with levels rising across almost...
ONE reports “significant deterioration” in profits
OCEAN Network Express has reported a decline in profits in the third quarter of the 2022 financial year. It said its quarterly profit of US$2.77 billion was a “significant...
Hapag-Lloyd announces “extraordinarily” strong 2022 results
HAPAG-Lloyd’s profits soared last year, according to its preliminary and unaudited figures for the 2022 financial year. The company’s earnings before interest, taxes,...
Flag states improve welfare reporting, ICS performance table shows
FLAG states have become more active in reporting seafarer labour standards in 2022 and 2023, the International Chamber of Shipping has found. The ICS published its 2022/23...
IMO updates underwater noise guidelines
THE INTERNATIONAL Maritime Organization is updating its guidelines for the reduction of underwater noise from commercial shipping. The IMO Sub-Committee on Ship Design and...
Deadline set for compulsory maritime single windows
MARITIME single windows will be mandatory for ports around the world from 1 January 2024, the International Maritime Organization has confirmed. The IMO announced in May last year...
Marine insurers' portfolios not in line with climate goals: report
EIGHT marine insurers have published data to understand how their hull and machinery insurance portfolios are tracking against the shipping industry’s climate targets. Insurers...
AIP received for ammonia-powered bulk carrier
CLASSNK has given approval in principle for the design of an ammonia-powered bulk carrier. Mitsui OSK Lines, Mitsui and Mitsubishi Shipbuilding jointly designed the vessel, which...
The DCN Weekly: Episode 32
IN THE news this week, Maersk and MSC announced the end of their 2M alliance in 2025. https://open.spotify.com/episode/0Afrvj5Acuuhq7OnLilNBc?si=297f2149d4c74cda The...
Baltic Exchange weekly market report
THE BALTIC Dry Index continued its fall last week, hitting a new nadir of 676 on Friday (27 January). This was a decrease of 11.4% on the previous Friday. The BDI has not been at...
