Singapore container throughput decreases in 2022
CONTAINER throughput at PSA’s Singapore operations in 2022 decreased by 0.7% on the previous year. The port’s operator, PSA International, said its Singapore division handled 37...
Hapag-Lloyd acquires stake in terminal and transport operator
HAPAG-Lloyd has finalised its acquisition of a minority stake in Italy’s Spinelli Group, a terminal and transport operator. The two companies entered into an agreement for...
Fraud is major threat to cargo: Insurer
THE almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within the complexities of the global...
Australia to feature in IMO marine casualty investigation program
AUSTRALIA will play an important role in a new marine casualty investigation program from the International Maritime Organization. The program aims to build IMO member states’...
Baltic Exchange weekly market report
THE BALTIC Dry Index continued its tumble last week, hitting on Friday the lowest point in more than a year. The index on Friday (13 January) was 946. This was a decline of 45%...
Provaris and Norwegian Hydrogen to collaborate on hydrogen value-chain projects
AUSTRALIAN energy company Provaris is collaborating with Norwegian Hydrogen to develop green hydrogen value chain projects in the Nordic region. Their intent is to accelerate the...
Lomar awards shipping scholarships in memory of CEO
SHIP management company Lomar has awarded scholarships to nine shipping students in honour of former CEO Achim Boehme. Mr Boehme died from cancer in July 2020. Lomar’s Achim...
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...
