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...
2M to end in 2025
MAERSK and MSC will end the 2M alliance in January 2025. The vessel-sharing agreement began in 2015, with the two companies saying its aim was to ensure competitive and...
BV carries out 3D model-based class approval
CLASSIFICATION society Bureau Veritas has reviewed a 3D design of a 2500-cubic-metre hopper dredger from Damen Shipyards, a step to granting it approval in principle. The pilot...
WiseTech to acquire landside logistics software platform
WISETECH Global is to acquire Envase Technologies, a transport management software provider, for US$230 million (around $326.5 million). Headquartered in the United States, Envase...
Will higher steel values mean dry bulk carriers hold their value?
ANALYSIS of the dry bulk carrier values undertaken by consultancy Zuoz Industrial, and commissioned by the Baltic Exchange, looks at the potential impact of longer-term higher...
Marine insurers to merge next month
P&I CLUBS North and Standard Club have received all the approvals they need to merge as NorthStandard next month. The marine insurers said the merger will position them as one of...
ICS launches diversity toolkit for maritime
THE INTERNATIONAL Chamber of Shipping has published its first publication on diversity and inclusion in the maritime industry to aid businesses and organisations with best...
Ceva and Project44 partner for ocean shipment visibility
CEVA Logistics said an agreement through a partnership with supply-chain visibility platform provider Project44. The global ocean agreement follows the one between the two...
Non-alliance share of container trade is decreasing
Source: Sea-Intelligence As the market strengthened after the initial Covid hit, there was a confluence of small carriers that started to deploy capacity, especially on the...
New Covid restrictions cause crew change problems
NEW Covid-19 testing requirements and restrictions in some countries are creating crew change problems, the Global Maritime Forum has found. Ship managers participating in GMF’s...
Baltic Exchange weekly market report
THE Baltic Dry Index fell off a cliff this past week, falling to 763 on Friday (20 January). This was a decrease of 19% on the previous Friday (when it was 946) and a decrease of...
DNV confirms 1000 ships impacted by cyberattack
DNV has confirmed a recent cyberattack on its ShipManager software impacted around 70 customers operating some 1000 vessels. The risk-management company’s ShipManager servers were...
